Latest News
FICA tax will Apply to Salary up to $128,700 in 2018
The Social Security withholding or “ FICA” tax of 6.2 percent will apply in 2018 to salary up to $128,700 which is an increase of $1,500 from last year’s amount of $127,200. Read article here… Notice: The link provided in the…
Tips For Enrolling in Medicare
Medicare can be confusing but the attached article list six tips for finding your way through the program’s terminology and the rules so you can get all the Medicare benefits to which you’re entitled. Read article here… Notice: The link provided…
Knowing How Much Working a Few Extra Years Adds to your Retirement Income
The government still calculates your Social Security benefit based on 35 years in the workforce, so it’s important to consider how early retirement will affect your benefits. The attached article reviews how the government calculates your Social Security benefit and…
Changing Your Mindset On Your Money As You Transition into Retirement
Transitioning into retirement requires you to take a completely different mindset with your money. To make sure your money is really there to cover your costs when you need it. Read article here… Notice: The link provided in the text above connects…
Individuals with a Retirement Plan Greater Likelihood that Actual Expenses Resemble Anticipated Expenses
Recent research indicates consumers who conduct retirement planning activities prior to retirement have a greater likelihood that actual expenses resemble anticipated expenses. Read article here… Notice: The link provided in the text above connects readers to the full content of the referenced article. The…
Earnings Restrictions Apply to Survivor Benefits
Most people are aware if you claimed Social Security benefits before full retirement age and you continue to work, your wages can be reduce or eliminate your retirement benefits if you exceed certain thresholds; but did you know that the…
Health Care Sector Has Exceeded Overall Consumer Price Inflation
Social Security benefits will rise two percent in 2018. The annual cost-of-living adjustment is based on the third-quarter Consumer Price Index for urban wage earners and clerical workers. However, the rate of inflation in the health care sector has exceeded…
Social Security Facts – 2018 Edition
The Social Security Administration recently published the update set of program statistics for 2018, including among other things the new “Maximum Taxable Earnings” limit ($128,700) and the new Earnings Test Annual Exempt Amount for those under their full retirement year ($17,040). Check…
In your 70s? Don’t lower your guard on the need to save.
Reaching the eighth decade of your life is typically when most folks think about the spend-down side of their financial planning. Columnist Alessandra Malito, in a post today on www.marketwatch.com, discusses this mindset, and explains why it’s better for most to maintain…
Getting set for retirement? Here are some things to think about in advance.
National Retirement week, October 15-21, has many folks giving thought to those later years and what they need to do tas the time draws near. Andrew Housser, co-founder and CEO of Freedom Financial Network can help you jump-start your thought processes with…