Social Security is the bedrock of retirement. It is the foundation that people have been building their retirement off for generations. These Social Security checks will be distributed to you on the same day every month like clockwork. That’s a dependability that retirees come to rely on.

But there are quirks that can catch you by surprise. A big one is the taxability of Social Security. Depending on how much other income you have, the taxability of your Social Security Benefit could be as low as 0% or as high as 80%. That’s why it takes a measured hand when it comes to income planning as it relates to your Social Security.