3 Social Security Realities You Need to Face

My Comments: Despite it being criticized back in the 1930’s as a Socialist enterprise, Social Security today is a fundamental staple of the financial world we Americans take for granted. It’s so fundamental that for those of us who receive Social Security retirement benefits, few could sustain our existing standard of living without experiencing severe …

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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 …

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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 …

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Forget Your Real Age, Plan Your Retirement Around Your ‘Biological Age’

My Comments: Call me old fashioned but I’ve always defined my age as the number of birthdays I’ve celebrated. There’s been a lot of them. In terms of retirement, and when you trigger that event, in my world it’s largely driven by the number of dollars you’ve set aside to pay your bills when you …

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More Social Security Facts

The current regime in the White House and Congress has provided ever increasing pressure on the economy by it's actions, among them the 2017 tax act and the trade war. As it happens, recent increases in the national debt is pushing us toward a crisis. Whenever crises happen, people for scapegoats. Some would have you …

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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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Annuities and Retirement

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 …

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