Financial Planning

Knowing the various Social Security benefits available to you and the best time to claim those benefits can be a challenge. It requires research on your part, because many people are getting incorrect information from Social Security representatives, as noted in an audit by the Social Security Administration’s Office of the Inspector General. But how does the claiming of benefits [...]

I’ve been telling you for a while that some people who bill themselves as financial advisors are really financial salespeople, which begs the question, “Are they really acting in your best interest?” Apparently, the federal government now agrees with me. It’s become popular for brokers to market themselves as financial advisors. They tell you they can help you with financial [...]

Just the thought of retirement is fraught with what-ifs. What if I live 30 or 40 years after I retire? What if I run out of money? What if I need long term care? But the retirement issue almost no one talks about is Senior depression. It’s usually underdiagnosed, seldom recognized, and almost never planned for even though it affects [...]

Tom Petty is in good company, not just as a rock-n-roll legend, but as another star whose estate is in turmoil. The plethora of lawsuits are Free Fallin’ as Petty’s wife, Dana, and the two daughters from a previous marriage, Adria and Annakim, fight over control of the $95 million he left behind. Unlike Aretha Franklin, Prince, and Michael Jackson—who [...]

IRA rollovers are as common as drinking water. But if your rollover isn’t done correctly, it can cost you taxes and penalties, sucking out money that could have been used for your retirement. In this article from MarketWatch, you’ll discover 4 of the most expensive IRA rollover tax traps and how to avoid falling into them.   https://www.marketwatch.com/story/4-expensive-ira-rollover-tax-traps-and-how-to-avoid-them-2019-07-01

To claim, or not to claim! Okay, that’s a cheesy way to begin, but it points out a dilemma experienced by many older folks when they’re trying to decide the most beneficial time to claim their Social Security benefits. The fact is, Americans, collectively, lose trillions of dollars by taking Social Security at the wrong time. In reality, most retirees [...]