Those 55 & Older Are Going Back To Work – Retirement Planning
Rising inflation along with no new pandemic relief funds are prompting many aged 55 and older to return to work. Labor Department data shows that...
Category: Financial Planning
Tax On Social Security In Retirement – Retirement Tax Planning
A prudent and effective tax strategy during your employment years will mostly likely need to be modified in retirement. Once earned income ceases and income...
Important Age Limits When Parents Send Kids Off To School
Auto insurance Kids can stay on their parents’ auto insurance even if they have moved out and they’re away at school and still listing the...
Over $1 Trillion Paid Out In Social Security Benefits In 2021
A U.S. Government report compiled and released by the Government Accountability Office (GAO) found that 48 percent of individuals 55 and older had no retirement...
Social Security Benefits Going Up in 2022
Social Security recipients are due to receive the largest increase in benefits since 1982, but for many recipients, the increase in payments will go towards...
Short Term Rates On The Rise
Rates continued on a gradual assent in October, with the 10-year Treasury bond yield ending the month at 1.55%, up from 0.88% this same time...
How To Check On Your Social Security Benefits Before Retiring
As retirement approaches, estimating income for the retirement years is critical in planning for living and leisure expenses. It is suggested to request an updated...
Conversion of Traditional IRA to ROTH
Example # 1 – Full Conversion Harold has two IRA accounts. One is a contributory IRA and the other is a SIMPLE IRA and the...
Benefits Of A Trust Versus A Will
A properly drafted will or trust is essential for anyone that has assets to leave to heirs. Either a will or a trust allows you...
Older Americans Still Holding On To Student Debt
There are now about 8.5 million Americans over the age of 50 that are still paying off student loans, representing the fastest growing amount of...