retirement planning
Exploring the Relationship Between Social Security and Your Retirement Savings Plan
One of the more perplexing questions many people face relates to the issue of how much of a retirement nest egg they’ll need for those “golden years.” Is it a million dollars? Two million? Multiples of your final salary? And…
Thoughts on Retirement…From The Mouths of Those Who’ve Done It
Experience-based accounts are usually the best guidelines for someone interested in learning about what’s ahead. And when it comes to the scary world of retirement, all the preliminary planning espoused in the media often takes a backseat to those who…
Retirement Planning: Be Aware of How Benefits Are Taxed
It often comes as a surprise to the newly retired to find out that a significant portion of their Social Security benefits are subject to federal income tax. And if their cash flow planning has not taken that into account,…
The need to continuously evaluate your retirement planning
Congratulations, you are retired. No more working, planning, and saving for this day, but should you stop? Remember, retirement can last two or three decades, so it is even more important to continuously evaluate how your retirement income is working…
Social Security and Your Retirement Financial Plan–Assembling the Pieces
If you are beginning to take a look ay how your retirement years will be financed, congratulations! Many folks, unfortunately, do not take a long-term view on this subject and often find themselves arriving at key decision points unprepared to…
Taxation of Social Security Benefits
As the old saying goes, only two things are certain, and one of them is taxes. Many new Social Security beneficiaries are surprised (and perplexed) to learn that their benefits are subject to income tax if their combined income from…
Retirement Planning and Longevity Insurance
A very common concern in the minds of so many seniors these days, given Social Security’s muddied long-term future, raging inflation, and the economy in general, is the possibility of outliving accumulated financial resources. To use a popular phrase, “It’s…
Dealing With Social Security’s Inherent Inability to Ensure Retirement
The more you look at Social Security, and the more you ponder its place in your retirement planning strategy, the more you become aware of the program’s basic premise. This premise, in simple terms, is to keep seniors from falling…
AI and Retirement Planning: An Assessment
In an article by MarketWatch reporter Andrew Shilling, the ability of Artificial Intelligence (AI) technology to provide assistance–free–to someone researching retirement questions is put to the test. With a basic question–“How much should I have saved for retirement?” posed to…
Exchanging Social Security Benefits for an RMD Deferral Option? A New Idea Surfaces.
As the rhetoric on fixing Social Security’s solvency problem pickS up steam, so does the emergence of new and creative approaches to reforming the system. In a post today on Kiplinger.com, contributor Chris Heerlein advances a suggestion that deals with…