If you're getting ready to retire, you likely have a lot of questions about the best time to claim Social Security. If you're among the younger generation (Millennials/GenX), your main question might be - when will Social Security run out of money?Both of these are legitimate questions. It's probably safe to say that even those ready to begin taking their benefit might be … [Read more...] about When Will Social Security Run Out of Money?
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?
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?