You’ve brought in a regular income and made wise investments throughout your life. Now you’re facing the transition from generating income to drawing down your savings.
Discover several ways to offset inflation through tax-efficient saving in 2023.
According to a survey conducted at the end of 2021, about 88% of Americans are very worried about inflation and many say they are planning to cut back their spending.1 Prices…
If you’re regretting the timing of starting Social Security, you may be able to rethink your strategy by restarting or suspending benefits.
It may be wise to plan for retirement without full Social Security, since projections indicate the future of the benefit is unpredictable.
Deciding when to begin Social Security benefits is complicated. Weighing these factors, and running careful tax projections, can help.
Keep in mind that claiming Social Security benefits before FRA results in a permanent reduction in the benefit amount, whether you are claiming spousal benefits or your own.
It’s wise to use an adviser whose primary focus is on strategies that maximize the retirement experience.
It’s just as important to diversify how funds are saved as it is to diversify how they are invested.
Do not spend money that has been accumulated for financial independence. Invading long-term savings extends the time it will take to achieve a goal.
Time is the most important word in our investment vocabulary. If financial independence is the goal, starting today beats waiting until tomorrow.
Take small steps, make prudent choices year after year, and watch your savings and investments grow.
Are you ready for retirement?
The “I” phase of an A·G·I·L·E retirement is considered a crucial time to fine-tune your transition into financial independence.
Before you decide when to begin drawing Social Security benefits, you should evaluate a number of factors, including life expectancy and the financial challenges that face the Social Security system.
By creating an online Social Security account, you can review your annual statement, take a closer look at your earnings record, and verify that your tax payments are being credited correctly.
It’s never too early to start planning for retirement. By setting a strategy— and sticking to it—you can help achieve your goal of financial independence sooner.
Use these tips and strategies about spending, saving, and asset allocation to reach your retirement goals.
Social Security gives workers the option to take benefits anytime between the ages of 62 and 70, and it offers some incentives to those who are willing to wait. Waiting eight…
Managing an investment portfolio efficiently requires knowledge of income taxes and your tax bracket specifically.
If you are over your full retirement age, you have the option to back-date your application up to six months. This is almost never the best strategy.
What happens when the paychecks stop, and retirement begins? It is one of the most pressing questions we hear from people approaching retirement.
Social Security benefits are an important part of nearly everyone’s retirement plan. Many people think of Social Security benefits as a supplement to their income when they retire.
Many people mistakenly believe their expenses will be half as much as a widow(er) than as a couple. This is true of some expenses, like food and clothing. However, larger expenses related…
Means testing could take the form of more income taxes, a reduction in benefits, a surtax or some other method.
The Rodgers & Associates logo includes “The Retirement Specialists.” The home page of our website says we “specialize in financial planning for those who are retired or expect to retire within…
The New Three-Legged Stool A Tax-efficient Approach to Retirement Planning was published in June of 2009. People had been told for years that they would be in a lower tax bracket…
What you need to know about spousal and survivor benefits.
The benefit statement contains an estimate of monthly benefits at various claiming ages and for disability claims.
And what does “dually entitled” mean?
Last month I started a series on planning for retirement. See the other posts in the series here: Has Planning for Retirement Ever Been More Difficult? Three More Questions Retirees Ask More Common Retirement Questions…
In 1935, President Franklin Roosevelt signed the Social Security Act, which provided a nationwide retirement and social welfare program for the first time. Since then, Social Security has grown to become…
Annual Social Security benefit statements no longer come in the mail.
The Social Security Administration will no longer mail you an annual Social Security statement. Here’s what you need to do.