For many Americans, Social Security serves as the foundation of their retirement income plan and it needs to be managed just like any other asset. There are good decisions you could make about Social Security and bad ones, and sometimes the difference between the two can cost you a significant amount in lifetime benefits. Every dollar that you can increase your monthly Social Security benefit by means one less dollar that you have to pull for in retirement from other retirement savings. Let me answer some questions for you, such as; When should you start receiving your benefits? How much of your SS will be taxed each year? What is the impact on your SS benefits if you work during your retirement?