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Life Expectancy and Social Security Benefits
Life expectancy factors heavily into your decision on when to claim Social Security benefits. Failing to accurately predict life expectancy could result in claiming your benefits earlier than necessary, leaving tens of thousands of dollars in lifetime benefits on the…
What if Your Earnings Statement is Wrong?
What should you do if your earnings statement from Social Security is wrong? Read answer here… Notice: The link provided in the text above connects readers to the full content of the referenced article. The URL (internet address) for this…
The New Fiduciary Rule and Some Transactions that will be Affected
The “fiduciary rule” which starts on June 9 th and which will be rolling out in a graduated process through January 1, 2018, will govern how investment professionals can give advice involving retirement funds, including IRAs, Roths, Health Savings Accounts,…
Retirement Education is Working
A recently released report by HSBC Bank states: “The survey’s answers are mostly on track due to retirement issues being widely discussed in the media, and that knowledge seems to have permeated.” Read article here… Notice: The link provided in…
Life Insurance for Retirement?
With the recent changes to the Fiduciary rule, some investment professionals may recommend including life insurance in your retirement plan. Is buying life insurance to fund or augment your retirement savings right for you? Read article here… Notice: The link…
Staying Healthy for Retirement
According to an Aegon Retirement Readiness Survey 2017, most workers expect to have an active retirement full of travel, hobbies, and even some more work; however, few are taking steps to stay healthy in order to achieve those goals. Read…
This Has Not Happened to Social Security Since 1981
In 2020 something will happen to Social Security that has not happened in almost forty years. What, you ask? Read article here… AMAC, likewise, has crafted a proposed legislative framework designed to ensure Social Security’s solvency without increasing taxes, and…
Three out of Four People Failed a Financial Literacy Quiz
In a recent survey of Americans aged 60 to 75, almost 3 out of 4 people failed to pass a quiz measuring financial literacy, and only 5 percent managed a grade of 80 percent or better. Read article here… Notice:…
Social Security Benefits are Taxable
At the federal level, Social Security benefits are indeed taxable. With the 1983 Amendments, individuals earning more than $25,000 annually and couples filing jointly with more than $32,000 in annual income are subject to having at least 50 percent of…
Rather Take a Vacation than Save for Retirement?
According to a recent study by Country Financial, 51 percent of workers admit they do not factor retirement into their long-term financial goals and are more concerned with taking vacations. Read article here… Notice: The link provided in the text…