Submitted by Jim Blankenship on Thu, 10/23/2014 - 12:00pm
Calculating Social Security retirement benefits can be tricky. If you worked in a government job and did not pay Social Security taxes, part of your civil service pension gets deducted from your Social Security benefits, an offset called the Windfall Elimination Provision (WEP). What you may not know is that the WEP’s effect goes beyond that – this provision also brings down your spouse’s and other dependents’ benefits.
Submitted by Jim Blankenship on Tue, 10/14/2014 - 3:00pm
Social Security benefits constitute a big part of many retirement plans. Advice abounds about how and when you need to file. What if you goof?
Generally, you can file for your Social Security retirement benefits when you reach age 62. Most financial advisors recommend you delay filing to better maximize your lifetime benefits.
Let’s say that’s the advice you followed when you first filed. After all, you paid into the system for your entire working life and you deserve to get the money back out, right? Plus, who knows when Social Security will go bankrupt?
Submitted by David Geracioti on Sat, 10/04/2014 - 12:00pm
The methods of building a secure retirement income, which include wise use of Social Security and amassing sufficient savings, are complex. A smart financial planner can help you do it, according to a panel of advisors.
Submitted by Cherice Chen on Tue, 09/23/2014 - 3:00pm
The youngest baby boomers are turning 50 this year. If you haven’t already, it’s about time to give retirement planning some serious thoughts. Advisors have a list of basic must-dos for people in this life stage.
“People who come to me in their 40s and 50s are really looking at maximizing everything they can do to prepare for retirement,” said Eve Kaplan, founder of Kaplan Financial Advisors during an advisor panel.
Submitted by Jim Blankenship on Fri, 09/19/2014 - 12:00pm
Many people file for Social Security right at retirement and soon see a statement showing potential benefits at various stages of life. What if you don’t file at age 62 or 66? Here’s the math to compute your monthly benefit no matter when you file.
Submitted by Cherice Chen on Thu, 08/21/2014 - 3:00pm
More than 56 million Americans have some type of disability, according to the Census Bureau. Autism, for example, affects one in 50 children. For parents of a child with a disability, the great fear is: “What happens when we’re gone?” One answer: Set up a trust for the child. Here is how.
To support a special-needs child during and beyond your lifetime requires truly special planning. Not only are there more costs and uncertainties but also heavier emotional weight.
Submitted by Eve Kaplan on Wed, 08/13/2014 - 12:00pm
Today’s retirement may look nothing like your parents’ or grandparents’. People live longer, benefits grow thinner, and health-care costs rise. Review your financial situation and start planning early so that this new retirement doesn’t catch you unprepared.