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Managing taxation of your Social Security benefits
Many seniors are surprised to find that their Social Security benefits may be taxable if their retirement income exceeds certain thresholds set by the Internal Revenue Service. The thresholds – $25,000 for single filers and $32,000 for married filing jointly…
Don’t obsess on investment returns during retirement
When it comes to financial planning for your retirement, many advisors will discuss the returns you should be expecting on your investments. But focusing only on investment returns obscures the true lurking hidden risks which can upset your retirement comfort and…
Secure your retirement by following these simple rules
With longevity steadily increasing, about 25% of today’s 65 year old’s can expect to live past age 90. That’s surely good news, but it also could mean decades of retirement for which a solid income stream will be needed. So how does…
Building a foundation for your retirement
Everyone knows that a home’s foundation is key to its ability to provide safe and secure living. Similarly the safety and security of your retirement years will very much depend upon the foundation you build for those years. The traditional “3 legged stool” retirement foundation has changed…
Working while collecting Social Security may mean less Social Security and more taxes
With so many of those approaching retirement being short on savings for their golden years, it’s quite common to see people continuing to work well into their 60’s. But if you continue to work after you’ve started your Social Security…
Retirement investing: A blueprint
There are all kinds of advice written on how you should invest for your retirement. If you’re even considering that, you’re already ahead of the game, considering that so many already approaching retirement have little or no savings accumulated to…
Social Security has financial issues, but there’s a silver lining too
There has certainly been a fair amount written about Social Security’s future financial issues, and there are sure no shortage of opinions about both the cause and the potential cure. In this article appearing at madison.com, Sean Williams opines about Social…
Don’t make this major retirement mistake
Emergencies have a way of cropping up in life, but how you handled them can have a pretty big impact on your future retirement, especially if you plan to raid that tempting sum of cash sitting in your 401(k) account.…
Plan to take Social Security next year? Read this first
As you make your plans for the coming year, you may be thinking that starting your Social Security benefits is a wise thing to do. Be aware that once you file for benefits, the amount you’ll be getting is pretty…
The Social Security Trust Funds: Will they last?
Although some people believe that payroll taxes they pay are deposited into a fund and held especially for them, the reality is that all revenues are deposited into special Trust Funds from which benefits are paid to about 62 million…