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Claiming Social Security retirement benefits? Don’t let these myths trip you up
KEY POINTS When it comes to Social Security benefits, “the earlier the claim, the steeper the penalty,” according to Shai Akabas, director of economic policy at the Bipartisan Policy Center. While workers are first eligible to claim at 62, holding off until age 70 could increase their benefits by as much as 76%. But some…
Read MorePODCAST25: Why you need your Social Security Login Info Now
Check out our complimentary download, Social Security Benefits Guide. If you have any questions please give us a call at 504-832-9200
Read MoreStimulus check: Who counts as a dependent for your taxes and how much money could you get?
If a second round of stimulus payments gets approved, you could be eligible for more money based on your dependents. Here’s how to find out. If you claimed dependents on your 2019 tax return, you should have received $500 per dependent in the first round of stimulus checks. The rules for who qualified as a…
Read MoreThe ‘Stretch IRA’ Estate Planning Strategy Is Gone. Here Are 4 Other Options.
The Covid-19 era is a mess, and we’re still in the middle of it. But life goes on. So, let’s be more open to doing what we would do in more normal times. What I normally do is give tax advice. Here’s some updated estate planning advice for well-off folks to consider. Evaluate “stretch…
Read MoreAn Investing Road Map for Retirees
For people in drawdown mode, tips on asset allocation, Social Security, annuities, withdrawal rates, and more. Even retirees who are seasoned investors will tell you that transitioning from accumulating to spending from their portfolios is a challenge. The “right” withdrawal strategy seems to be a moving target. Devising an asset-allocation plan that balances safety and…
Read MoreWednesday Q&A Is there a cap on earnings once I make it to my Social Security FRA?
Is there a cap on earnings once I make it to my Social Security FRA? Gregory helps a caller with his question about Social Security earnings caps once you reach full retirement age. If you would like to submit a question that may be featured on the Wednesday Q&A, use the form below! We’re Here…
Read MoreA Shockingly Small Number of Americans Receive All the Traditional Sources of Retirement Income
You probably won’t be one of those who get income from Social Security, a pension, and a 401(k), so you need to be prepared. For a long time, the retirement system in America was built around a simple concept: Those who had left the workforce would be supported by a “three-legged stool.” These three legs…
Read MoreHow to Go From Two Incomes to One
The Story There are a lot of reasons you might be living the single-income life. But whether it’s an exciting transition you planned or you didn’t have a choice, going from two incomes to one can be overwhelming. Tell me about it. If you can, try testing the financial waters before making the switch. See…
Read MoreWednesday Q&A I’m worried about my money. What should I do if Social Security cutbacks happen?
I’m worried about my money. What should I do if Social Security cutbacks happen? Gregory gives 5 steps to help avoid losing money and start saving more. If you would like to submit a question that may be featured on the Wednesday Q&A, use the form below! We’re Here to Help Have questions about this week’s…
Read MoreSocial Security At Risk? 5 Tips Shield You From Cutbacks
Social Security benefits are on shaky ground and the coronavirus recession only makes things worse. Can you protect yourself from whatever cutbacks the Social Security Administration might be forced to make? There are strategies you can adopt that will boost your income, relieve your concern and reduce your vulnerability to the prospect of cutbacks to Social Security…
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