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Did you make your IRA contributions for 2017? If not, you have to April 17th
Did you make your contributions to your individual retirement account for 2017? If not, April 17th marks the final deadline for IRA contributions for tax year 2017. Don’t make the mistake of thinking that if you get a tax extension,…
Benefits Optimizer for Social Security: BOSS
Benefits Optimizer for Social Security–BOSS–is a mobile app that combines the ease of use of mobile apps with the power and the flexibility of a traditional desktop software tool. Developed by Sawhney Systems, the developer of professional financial planning software, BOSS…
Making money through the gig economy during your retirement
A recent Prudential Financial survey found that 31 percent of individuals who work in the gig economy are baby boomers. According to the Employee Benefits Research Institute, this results from 48 percent of retirees leaving the work force earlier than they…
Along with saving for retirement, smart spending should be a priority
The emphasis on how much you have saved for retirement is only half of the picture; it’s also about how much you spend. It all comes down to good budgeting, and many people just can’t be bothered, especially while they…
Three common and costly Social Security mistakes
Retirees account for four-fifths of the 61 million Social Security beneficiaries. While Social Security is the major source of income for more than half of all seniors, most people have limited understanding of how benefits work or even what their…
Not sure when to file for benefits, here’s a rundown of your choices.
Not sure when to file for your Social Security benefits? Are you aware there is an eight-year window to start taking your Social Security benefits? The attached article list the various ages at which you might claim Social Security, and…
Your Social Security benefit and taxes
As we come to the end of the tax season, many older taxpayers are finding out for the first time that some of their Social Security benefits might be subject to tax. Almost 20 million people get taxed every year…
Is Entrepreneurship in your retirement future?
Entrepreneurship has become an attractive alternative for aging employees who are seeking work on their own terms while maintaining the professional identity it took years to build. Retirees are often more successful as entrepreneurs because they have the confidence and…
Pre-retirement Americans are very concerned about the Social Security system
A recent Gallup poll found 51 percent of pre-retirement American adults are very concerned about the Social Security system whereas only one-third of young adults expressed a great deal of concern about the system. To find out more click on…
What is the “Spend Safely in Retirement” plan?
What is the “Spend Safely in Retirement” plan? It is a relatively straightforward strategy based on a study by the Stanford Center on Longevity and the Society of Actuaries which allows people to squeeze as much income as possible from…