Search Results for: social security
Things You Don't Know About Social Security Income Benefits
Retirement income is critical to any business transition or retirement plan. Social Security income benefits account for 52% of all income for Americans older than 65 and most people are not aware of all the benefits to which they are entitled.
Some readers might think that they have heard enough about Social Security benefits. It seems that many organizations are pounding on the drum about how important it is to delay benefits in order to get the maximum benefit to which you are entitled.Read Full Article
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What does it take to retire at age 62?
You are eligible to receive reduced Social Security income benefits as early as age 62. What does it take to quit work and live off your investments at age 62? Most Americans start receiving Social Security checks at age 62, according to the Center for Retirement Research at Boston College. One problem for these folks is that they have accepted a 25 percent reduction in the size of their monthly check for the rest of their life.
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14 retirement mistakes to avoid
As a professional retirement planner, I go through the process of retiring approximately 12 times a year with my clients. I see firsthand the process and hazards that families deal with as they shift from working for a living to living off their retirement. Here is a list of things to avoid as you consider …
What financial accounts should I have? Here are the six you need.
In preparation for the new year, let’s think about getting our financial house in order. A great place to start is to organize your accounts. Here are the six financial accounts you need: Master checkbook. This is where your payroll gets deposited and any other regular income you receive. You can pay your big monthly …
What financial accounts should I have? Here are the six you need.Read More
What is the 5-year rule for Roth IRAs?
Roth IRAs have been with us for more than 20 years. That’s about as long as we’ve had Google, and the same amount of time since the last presidential impeachment hearings. Some things have changed a lot in that time, and some things are the same. The Roth IRA was an unusual idea when introduced …