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Financial Services at Hudson Valley Federal Credit UnionSocial Security

Social Security was designed as a safety net. Just how much it matters to your financial well-being will depend on your other retirement income sources, including how much you’ve managed to save; whether you’ll receive a pension from your employer; and whether you will have any other sources of income in retirement. Once you understand these benefits, it becomes clear that Social Security is an income stream that can play a key role in funding your retirement.
Whether you’ve given Social Security much thought over the years or not, you have been involved in the program since the first time you had wages withheld for FICA (The Federal Insurance Contributions Act) taxes. All of those FICA contributions you’ve made since then will eventually be returned to you in the form of monthly Social Security benefits checks and hospital insurance coverage under Medicare.
Social Security benefits are generally not inconsequential. In 2009, a higher wage-earner and / or someone who paid the maximum into Social Security each year and who files for benefits in 2009 would expect to receive in excess of $25,000 for the full year. For a dual-income couple, with each spouse entitled to benefits under their own records, annual benefits could add up to a significant amount of income.
Better still, Social Security benefits are adjusted annually for inflation and are guaranteed to last your lifetime. Your benefits can even continue throughout your spouse’s lifetime if he/she outlives you.

Retirement is Not as Far Off as it Seems

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Is Social Security Part of Your Plan?




It All Starts with a Smart Plan


Advisors who have made a commitment to understanding the ins and outs of the Social Security program and who have the background needed to help you make the right decisions when it comes to fitting Social Security into your future can be a valuable resource.

Your advisor can assist you when it comes time to make such key decisions as:

  • When and how to begin the filing process
  • How to maximize your benefits
  • How to coordinate your benefits (and other retirement assets) so that they last throughout your lifetime
  • When and how to file for Medicare
  • How to coordinate your benefits (and other retirement assets) so that they last throughout your lifetime

Useful Resources

HVFCU Financial Services also works closely with business members to help them make clear, confident decisions for both their business and personal finances.


Supervisory Office:
Chris Cantele, HVFCU Financial Services located at Hudson Valley Federal Credit Union,
9 Mall Plaza
1810 South Road, Suite 121
Wappingers Falls, NY 12590
845.463.3366, (fax) 845.463.4172

Securities and advisory services offered through LPL Financial, a registered investment advisor. Member FINRA /SIPC.Insurance products offered through LPL financial or its licensed affiliates. Hudson Valley Federal Credit Union and HVFCU Financial Services are not registered broker/dealers and are not affiliated with LPL Financial.

LPL Financial representatives offer access to trust services through The Private Trust Company N.A, an affiliate of LPL Financial.

The LPL Financial registered representatives associated with this site may only discuss and / or transact securities business with residents of the following states:

Check the background of investment professionals associated with this site on FINRA’s BrokerCheck.

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