by Christina Minton | Sep 23, 2024 | Retirement
You’ve got it all planned out. Your retirement savings accounts are full, you have started receiving Social Security benefits and your pension is ready to go. Everything is planned. What could go wrong? Here are five surprises that can turn your plan on a dime. 1....
by Christina Minton | Aug 5, 2024 | Retirement
It’s never too early to understand how it works Determining the best time and best way to take Social Security benefits can make a big difference in the amount you receive over the balance of your lifetime. What is prudent, is understanding how it works and, if...
by Christina Minton | Apr 22, 2024 | Retirement
Wouldn’t it be nice to check out of the workforce early and not need to worry about having enough money for retirement? While good financial planning can help you get there, leveraging the tax code as part of your retirement plan is also a good idea. Here are some tax...
by Christina Minton | Oct 16, 2023 | Retirement
How much you pay and checks received are all going up! The Social Security Administration announced a 3.2% boost to monthly Social Security and Supplemental Security Income (SSI) benefits for 2024, a big drop from last year’s increase of 8.7%. The increase is...
by Christina Minton | Oct 9, 2023 | Retirement
What every taxpayer should know You can begin receiving your Social Security retirement benefit as early as age 62. But by putting off your benefit start date you can receive a check that is approximately 8 percent higher for each year you delay receiving your...
by Christina Minton | Aug 28, 2023 | Retirement
If you contribute too much money into your IRA during the year, how do you correct the problem without facing a tax penalty? Here are some tips. Remember the annual limits 2023 Annual IRA contribution limits $6,500 per individual $7,500 per individual if age 50 or...
