Financial Planning
Social Security, Inflation and You
…silver lining is that Social Security beneficiaries are set to receive an 8.7% cost of living adjustment (COLA) in 2023. This figure, which is the largest COLA in more than…
…silver lining is that Social Security beneficiaries are set to receive an 8.7% cost of living adjustment (COLA) in 2023. This figure, which is the largest COLA in more than…
4 Important Social Security Tax Planning Strategies Did you know that you may be required to pay taxes on a portion of your Social Security benefits? In fact, up to…
…to begin taking Social Security earlier. If you are able to cover your monthly income requirements from other accounts, it might make sense to delay taking Social Security. 3. Your…
…understand your options. Here, we provide an overview to help you get started. Social Security – The Basics While you have the option to begin receiving Social Security payments as…
…financial challenges, one of which is determining eligibility for Social Security benefits. The following rules apply to the division of Social Security following a divorce. Eligibility You may be eligible…
…Social Security is age 62. The prevailing belief out there is that you should claim Social Security as early as possible, and yet all the experts say that is typically…
…withdrawn tax free. There are no RMDs for owner Roth accounts (however, RMDs are required for inherited Roth IRAs). 2. Social Security taxes If Social Security is your only source…
Social Security Benefits Calculator Your Social Security benefits can be estimated based on your current age, average annual income and expected retirement age. Use our Social Security benefits calculator to…
…a high-earning 65-year-old could potentially unlock $450,542 in additional Social Security benefits by delaying benefits from age 67 to age 70 ($3,809,481 – $3,358,939 = $450,542). Social Security total lifetime…
…for Divorced Spouses Social Security in the aftermath of a divorce is a fairly complicated subject. Fret not, as your financial advisor can help you understand the nuances of Social…