If you're like most people, you likely have old retirement accounts (401(k) (403(b), 457, etc.) from former employers. When we change jobs, whatever the reason, We often neglect to think about what to do with our former employer's retirement accounts. There are too many other things on our minds. Financial advisors will often tell you the best option is to rollover … [Read more...] about A Guide on What You Need to Know about Old Retirement Accounts
No matter your age, you’ve likely given some thought to when you will retire. Is part of that thinking about what will make you happy in retirement? If not, maybe it should be. I realize it’s a strange question to ask when talking about retirement. To me, though, it’s a relevant one. As a financial advisor, I’ve noticed those who are happy in retirement are, for the most … [Read more...] about How Do You Know You’ll Be Happy in Retirement?
Is Social Security really going broke? The answer depends on your meaning of the word broke. In this post, I'll give you the facts about the state of the Social Security trust fund, introduce you to some of the ideas to fix it, and how all of this impacts the decision of when to claim your benefits. The Social Security trust fund The Social Security Trust Fund consists … [Read more...] about Is Social Security Really Going Broke?
The question, what are Social Security COLAs (cost of living adjustments) comes up a lot. The equally common problem is, how are they calculated? In this post, I’ll answer these two questions and give some background on how these two things impact Social Security benefit checks. To get it from the horse’s mouth, I went to this Social Security website page, Cost-of-Living … [Read more...] about What Are Social Security COLAs and How Are They Calculated?
Social Security Administration recently announced 2018 Social Security COLAs (cost of living adjustments) and other benefits. The 2018 COLA will be 2.0% for 2018. That's the largest since 2012. In July, the Social Security Board of Trustees estimated a 2.2% COLA for 2018. The Social Security Administration says that COLA increase applies to over 65 million … [Read more...] about 2018 Social Security COLAs Announced