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What happens if you wait past 70 to file for Social Security?
Although 62 is the most popular age to start collecting Social Security; however, there are plenty of filers who opt to take their benefits at their full retirement age. Others may opt to wait even longer to accrue delayed retirement…
Surprise! Medicare isn’t free or cheap
Surprise! Medicare isn’t free and it may not even be cheap if you pick the wrong plan. In the attached article gives you criteria to follow so you’ll be able to minimize your monthly premiums. Read article here… Notice: The…
Are things really that bad for retirees?
A new study by SmartAssets casts new light on just how much older Americans rely on Social Security for their income. The Social Security Administration has repeatedly stated that Social Security benefits are the major source of income for most…
Should you have a retirement plan Part B?
The American worker is in a retirement bind. The pensions that served their parents and grandparents are largely defunct and those who contributed to a defined benefit plan are learning now of the massive funding shortfalls. So should you start…
Your 401k and Taxes…More Can Be Less
You’ve followed all of the financial media advice about maximizing you contributions to tax-preferred deferred compensation–401k plans, specifically–and you accumulated an impressive balance. Now comes the downside…when you withdraw those funds, they are taxed as ordinary income. You intuitively knew…
Is $1.5M the New Million in Retirement Financial Goals?
According to New York Post reporter John Aidan Byrne, tax lawyer and certified financial planner Rebecca Walser believes that to be the case. Her premise, outlined in a new book titled “Wealth Unbroken: Growing Wealth Uninterrupted by Market Crashes, Taxes and Even Death,”…
A Quick Review of Retirement Savings Options
The breadth of options available to workers and wage earners to stash money away for retirement can be bewildering, so it’s often a good idea to take a breath and focus on clearly understanding the tools available to you. Columnist Dave…
Some Maneuvers That Can Bolster Your Retirement Nest Egg
The editorial staff of “The Week” offer up some interesting strategic moves that can be employed to improve your financial planning picture as you head toward retirement. From IRA-based strategies to the use of home equity to finance college costs…
In Case You Can’t Decide Where to Live in Retirement…
Here’s a new approach to selecting a retirement destination…living everywhere! A startup company called Storylines, with an expected launch in September of next year, plans on offering retirement living on a cruise ship. “a 584-foot luxury cruise ship that would…
Quiz Time: See How Much of the Basics of Social Security You Know
The Motley Fool’s Selena Maranjian advances a basic five-question quiz that only about a quarter of respondents could pass. Take a crack at it and see how you do! Beware of #4, though, it’s sort of a trick question. Access the…