Headlines
Transitioned Retirement — Would it Work for You?
Edward Jones Financial Advisor Wilbur F. Yates, in an article posted on www.kilgorenewsherald.com, provides some thought-provoking guidelines for people approaching retirement. Rather than take the often-frightening plunge into complete retirement, his article suggests considering a staged transition from work to retirement…
Clarity on New Social Security Rules
The Social Security Administration finally updated its site this week to include information on the new rules regarding filing for Social Security. These new rules phased out a few popular practices that many people were taking advantage of to boost…
The Role of Social Security Benefits
Social Security benefits are not meant to be a full replacement for your previous salary, they are meant to be a supplement to help you live off of your regular savings. The average benefit comes out to $1,341 per month,…
The Social Security Tax Cap
Currently, taxation for Social Security is capped on income at $118,500. This means that any amount over that number that you make is not liable to being taxed for Social Security purposes, there is only so much that you can…
Candidates’ Stances on Social Security
Social Security is quickly becoming one of the most important issues in the upcoming election, but it is still difficult to find out each candidates official stance on the system. Baby Boomers are retiring in droves and will continue to…
Consequences to Increasing the Retirement Age
One of the most suggested “fixes” proposed for the Social Security insolvency issue is to simply raise the age of retirement. The thought is that this would save money by requiring people to wait a few extra years before they…
Benefits and Taxation
Almost half of those collecting Social Security in retirement end up required to pay income taxes on their benefits. Taxes can be applied to as much as 85% of the pay out of Social Security. Most are shocked when this…
April 30 is Coming Fast!
The Social Security changes mandated by the Bipartisan Budget Act of 2015 are rapidly nearing their May 1 activation date, so the last chance for seniors to take a look at the “file-and-suspend” and “file-and-restrict” strategies is hurtling toward them. In…
Final Days for Old Strategies
We are c0ming up on the final months of being able to use a few common Social Security filing strategies. These strategies, the “claim now and claim more later” and “file and suspend,” are slated to be unavailable on May…
Retirement Hand Book
Forbes recently released a new tool to use when planning for retirement that outlines 10 steps to take when looking towards your future. This easy to read guide outlines tips and information from top experts and companies to put you…