Taxes and retirement benefits influence each other both before and after they are earned. How much money you bring in determines your Social Security benefits, and those benefits contribute to what level you are taxed at by the federal government. The more income you earn outside of Social Security, the larger a portion of your […]
How Much Will You Earn from Social Security?
With the broad range of options to consider with Social Security retirement benefits I know a lot of folks are wondering how much income they can expect from the program. The reality is that Social Security was designed primarily to safeguard lower income classes from not having enough retirement income. So even though most of […]
Social Security Advice for Early Retirement
There has been a definitive increase in the amount of people claiming social security benefits early. The current economic climate and fear of government policy changes are driving many to file for retirement benefits at the age of 62. While I understand the mentality of “grabbing what is available” my advice is to push your […]
Social Security Benefits: The 35 Year Advantage
When it comes to your Social Security benefits, there are very few possibilities for “luck” to factor in. The amount of money you receive is based on the average salary your earned and the disbursement options you choose when applying. While the calculations with the number 35 may not be luck, knowing the facts concerning […]
4 Facts About Collecting Social Security as a Widower
When a husband or wife passes away, money is the last thing on your mind. Be this as it may, the finances of your deceased spouse will eventually graze the surface, specifically when it comes time to collect your Social Security benefits. To make things a little easier for you, I have created this list […]