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Time is Money – Delaying Benefits Nets a Higher Return
Filing for Social Security before full retirement age significantly lowers returns on benefits. Studies show that dipping in to IRAs rather than filing for early Social Security can be more beneficial in the long run. The reasoning behind this boils down…
Strength-testing your retirement plans
In a post on www.cpapracticeadvisor.com, Brittany Thomas summarizes a series of thoughts and suggestions from Certified Financial Planner Travis Chance on the importance of thoroughly testing the financial aspects of your retirement plans. Chance reports that roughly half of pre-retirees do…
The Retirement Planning Challenges of Being Single
Non-married people have a lot of hurdles to face in the process of financial planning for retirement, especially as compared to their married counterparts. It’s a growing issue, with nearly two-thirds of the 18- to 29-year-old population being single, and needing…
Johnson Bill Protects Second Amendment Rights for Social Security Beneficiaries
Today (September 16, 2015), Ways and Means Social Security Subcommittee Chairman Sam Johnson (R-TX) introduced H.R. 3516, the Social Security Beneficiary 2nd Amendment Rights Protection Act. This legislation would stop the Obama administration’s attempt to limit the Second Amendment rights…
Social Security: The Mechanics of Deferring
The subject of when to file for Social Security benefits gets considerable attention these days, with the main driver being the understanding that delayed filing provides substantial increases in the ultimate amount of money you’ll receive. So, how does that actually…
Millennials Dubious About Retirement Perspective
Personal Finance Writer Tom Anderson, in an article titled “How much will Gen Y receive from Social Security?” posted on www.cnbc.com, discusses the perspectives of Generation Y/Millennials as they look ahead to retirement. The article offers some tips on what this…
Savings Study Paints Bleak Picture of Retirement Finances
Reports from the Center for Retirement Research at Boston College reports that savings progress seems to be falling behind what’s needed for maintaining a life style comparable to pre-retirement. An article by Kelli B. Grant posted on www.nbcnews.com reports that “time is…
Retirement and the Gender Gap
Longer life spans for women, coupled with the much talked-about wage gap during their working years, leads to a substantial retirement preparedness gap. Suzanne Woolley, in a post on www.bloomberg.com, analyzes the issue from several perspectives. Read the article here… Notice:…
Some Thoughts on Roth IRAs
Jamie Hopkins, Forbes Contributor, provides some suggestions on ways to make use of the retirement planning features of Roth IRAs in this article posted on www.forbes.com. His thoughts uncover a number of tax-related issues many are unaware of. Read the article…
Carson Advocates Voluntary Opt-Out Option for Social Security
In an interview yesterday with CNN’s John Berman, presidential candidate Ben Carson suggested that wealthy people who do not necessarily need the income from Social Security should consider opting-out. He stopped short of complete means-testing, indicating that Social Security is in fact…