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Want to enjoy your retirement? Avoid these major blunders
A wise man once said “Retirement ain’t all it’s cracked up to be”, and that can certainly be the case if you haven’t planned well during your working years. Starting a retirement savings plan early allows you to enjoy the real…
Retiring in a few years? Here’s what to do now
Most people start thinking deeply about retirement at least a few years before they actually plan to exchange their work clothes for more casual dress in their post-career years. While starting your retirement planning much earlier is obviously the real key…
The “gig economy”, and why those workers aren’t saving for retirement
The “gig economy” is a term applied to those whose work is done not as a corporate employee but rather as an independent contractor – someone who sells their particular specialty or technology talent on the corporate market. But those folks…
Delaying benefits until age 70: Some bad reasons to do it
As most people know, delaying benefits past one’s Social Security full retirement age can yield some pretty significant financial benefits, especially waiting until age 70 when your Social Security can reach its maximum amount – as much as 32% more than at your…
The New Tax Laws and Social Security
Although the 2018 tax law changes are a large step toward simplification of the filing process, there are several key aspects affecting seniors that need to be researched. They involve Qualified Charitable Distribution options to offeset taxable income, as well as changes…
File for Social Security early or late, the choice is yours, but here are some things to think about.
It’s a persistent question. Should I file as soon as I can (age 62), or wait until age 70 and get a bigger monthly payment. The decision is a personal one, but there are some things you should think about…
Looking at the Effects of Trump’s Budget on Social Security and Medicare
Although many lawmakers and media pundits have sounded the alarm about the President’s budget proposal, citing negative effects for seniors in the areas of Social Security and Medicare. A post from the 2018 Committee for a Responsible Federal Budget, though, shed a…
Bipartisan Budget Act of 2018
President Trump signed the Bipartisan Budget Act of 2018 (the “Budget”), a two-year budget which made substantial revisions to Medicare, including the Medicare Advantage (MA) program. The budget aims to increase federal funding for healthcare services for low-income individuals, and…
In Defense of Social Security
In a thought provoking analysis, the Boston Globe’s Evan Horowitz examines the upside of staying in the workforce longer than your full retirement age, and contrasts the increased benefits with the benefits offered simply through additional savings. Read his article here……
AMAC: Give Thought to the Stress of Retirement
WASHINGTON, DC, Feb 16 – There’s more to consider than your financial wellbeing if you are planning early retirement. You need to give thought to the impact that the change in your daily routine when you retire can have on your…