Under the current structure, the Social Security Administration allows someone with enough work credits to choose any one of 96 months to start their retirement benefits. Millions of retirees chose #1. This is the month they become age 62. The assumption is they have paid in for many years and wouldn’t it be nice to …
Continue reading Claiming Social Security at Full Retirement Age
It’s entirely possible Congress will do it’s thing and pass new legislation now known as the SECURE Act. The name comes from Setting Every Community Up for Retirement Enhancement. I wrote about it earlier in July. A key provision of this pending legislation is that it will allow more businesses to offer 401(k) plans that …
My Comments: I was born in England almost 78 years ago. I left when I was 6 or 7 when we moved to France. Then, at age 9, we came to the US. I have zero recollection of ever meeting anyone who was not white. It wasn’t until we moved again, this time to India, …
I’ve been waiting for the next significant market decline for longer than I can remember. As an adult working in financial services, I’m now into my 5th decade of paying attention to global economic trends. I like to think I understand at least some of the dynamics that define investments. The last bear market ended …
Last week I gave you the first of 8 new ideas in retirement. As I give you the 2nd, I must give full credit to the person responsible for writing it. His name is Joseph Coughlin and it appeared on July 17, 2019. Here’s a link to where I found it: https://tinyurl.com/yy5dro5u My wife and …
My Comments: My wife and I rely on Medicare, along with a Medicare supplement plan, to pay for our current health care needs. If I have an issue that seems to require the advice and care of a physician, there is no hesitancy to seek that care. None. It never occurred to me this was …
As a financial planner for many years, my focus was always on the financial aspects of retirement. Apart from it being how I made my living, it also supports the notion that life with more money is almost always better than life with less money. As I’ve slowly moved into the retirement phase of my …
My Comments: There was a time not too long ago that the idea we call retirement did not exist. Whether your were male or female, you continued doing whatever it was you did as an adult and then life stopped. Advances in medicine, which resulted in increased longevity, began to mean that by the time …
My Comments: Too many years ago for me to remember, it was possible to buy what was then known as a ‘single premium life insurance policy”. The only health question was whether you could fog a mirror. If not, it was too late. As a salesman, I’d find people with small or medium sized buckets …
First, SECURE is the acronym for Setting Every Community Up for Retirement Enhancement. Someone stayed awake nights coming up with all that. Second, it’s an attempt to bring the federal regulations about money saved for retirement purposes further into the 21st Century. Too many Americans are grossly unprepared for retirement and many that are prepared …
Continue reading What is the pending SECURE Act from Congress?
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