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Which States don’t tax Social Security income, and are they really “tax friendly”?
It’s a fact that a majority of U.S. States – 37 out of 50 – don’t tax your Social Security income, which is of course an important factor in most seniors’ retirement planning. But just because a state doesn’t tax…
Claiming Social Security at 62: Here are some good reasons
62 is the most common age for both men and women to start collecting their Social Security benefits, but doing so means that their benefits will be permanently reduced from what they might otherwise be. But despite the carrot of higher…
A Health Savings Account (HSA) could be your ticket to offset retirement healthcare costs
Health Savings Accounts have been around for a long time, but are only recently catching on as an excellent way to deal with the ever-increasing costs of healthcare in retirement. The basic concept is pretty simple: While you are working…
The eroding value of your Social Security dollars
Anyone with even a modicum of interest in Social Security knows that Cost of Living Adjustments in recent years have ranged from zero to very small, certainly not enough to keep up with the rising living expenses America’s seniors have…
How to fix it if you filed early and now regret it
It’s a fact that a majority of people applying for Social Security do so earlier than their “full retirement age”, the age at which they get 100% of the benefit they’ve earned for a lifetime of work. But what happens…
A Social Security reality check: Things you need to know
For those approaching retirement age, Social Security is pretty high on their list of things to understand before taking the plunge into their golden years. But there are so many bits and pieces of misinformation floating around out there, it…
OK…you filed for Social Security at 62. Sounded good at the time, but now?
If you’re dealing with second thoughts about the decision you made to file for benefits at age 62, you’re not alone. But what can you do about it? Well, that depends. If you’re within the 12 month window for a…
A Strategic Look at Social Security
Barron’s columnist Jack Hough examines some of the more pervasive myths circulating about Social Security these days, and offers some strategic advice at the reality associated with several of them. Take a look at his www.barrons.compost here… Notice: The link…
Employers are stepping to the plate to help with retirement planning
Forbes contributor Mark Avallone takes a look at the trend developing among employers to provide assistance to their employees in financial planning for their retirement years. From better health plans and HSAs to increased emphasis on deferred compensation plans, employers of…
Dealing with Inadequate Retirement Savings
If you’ve been following the media reports over the past few years regarding retirement planning and the often-reported insufficient levels of savings, you understand that many Americans may not be adequately prepared for funding themselves in those later years. If…