Social Security was signed into law by President Roosevelt on August 14, 1935. It’s since become an ubiquitous part of the financial lives of virtually every American. COLAs, or Cost of Living Adjustments, started in 1950. But it wasn’t until 1972 that legislation provided that starting in 1975, automatic cost of living adjustments became normal. …
Category: by Tony Kendzior
Where Are The Markets Likely To Go From Here?
Money, and having enough coming in every month to pay our bills is critical to our sense of well being. Right now there’s a lot of turmoil and confusion across the global economic spectrum and many of us are getting anxious about how this is all going to play out. What follows is yet another …
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Top Ten Trusts – 7 thru 10
Please note: I AM NOT AN ATTORNEY. DO NOT RELY ON ME FOR LEGAL ADVICE! This is the last installment of Top Ten Trusts. And a reminder there are dozens more than ten but these are the ones I've talked about with attorneys who have advised my clients over the years. Some of these trusts …
Recession? What recession?
It’s entirely possible, but not probable, that as long as I live I’ll never again experience another recession. Your first questions, if you’re curious about my meaning, is “How long will you stay alive?” Last Wednesday, my daily post was entitled Will There Be A Recession Soon? Your second question might be “What’s the definition …
Top Ten Trusts – 4 thru 6
First, I AM NOT AN ATTORNEY. DO NOT RELY ON ME FOR LEGAL ADVICE! Last Friday, I gave you trusts #1 thru #3 of the Top Ten Trusts. my purpose here is to give you a layman's summary of trusts you might use as you plan your financial life into the future. There are many …
One-Third of Adults Age 50 and Over, Aren’t Prepared For Retirement
That headline should cause Generation Xers and Millennials to pause and consider. It comes from a poll by the Associated Press - NORC Center for Public Affairs Research. And yes, before you read any further, this post is a commercial directed at GenXers and/or Millennials among my readers. (Maybe you could forward this to someone …
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Top Ten Trusts – 1 thru 3
First, I AM NOT AN ATTORNEY. DO NOT RELY ON ME FOR LEGAL ADVICE! However, I have been a financial planner for a long time and do know something about the relevance of trusts and how they might be used in a financial planning context. I decided to talk about this today ( and on …
Re-inventing Retirement Planning
Successful Retirement Secrets, the online course I’ve created is billed as a “new way to think about and plan for retirement”. It’s targeted at the Gen-X and millennial generations since it takes more than a few years of effort if you want to arrive at retirement and be ready for it. First off, the idea …
A Life Annuity vs Monthly Payments
The idea expressed here was inspired by changes being made to the TSP platform. TSP stands for Thrift Savings Plan, one of the primary platforms used by Federal employees, members of the military, and certain others engaged in federal service, to set aside money from earned income to be used later in retirement. Since I'm …
Claiming Social Security at Full Retirement Age
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 …
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Helping Define Your Financial Future 