The 2021 Social Security Trustee’s Report was recently released and the 2022 COLA is near finalized. What can we expect for the COLA and glean from the report? Learn the important points and key planning implications for your Social Security benefits. Continue reading
When you get serious about crafting a solid retirement plan, you need to understand how to read your Social Security statement. If you have yet to claim your retirement benefit, get your most recent statement online at www.ssa.gov/myaccount and continue reading. Continue reading
Many investors view dividend payouts as a reliable source of income. However, many have been surprised to see lower-than-expected dividend payouts following the onset of the coronavirus pandemic. Yet, historical data show that changes in dividend policy are common, especially … Continue reading
Many baby-boomers have earned pensions over their working careers and are confronted with the complex decision of how best to optimize it. Some plans offer the choice of a lump sum that can be rolled over pre-tax to an IRA instead of a lifetime monthly payment. Next year, 2021, will likely be an optimal year to elect the lump sum for many. Continue reading
Pension lump sums are higher in 2020 than 2019. But which should you prefer? Listen to Kevin discuss how to financially evaluate the decision as well as what research shows retirees prefer.
Whether you have a pension from your company or not, you’ll benefit from this episode. Why? Anyone can invest money with an insurance company and receive a lifetime income in the form of annuity payments. So these considerations are universal in crafting your retirement plan.
Company pension plans specifically discussed include Akron Children’s Hospital, FirstEnergy, Goodyear, Mercy Health, and Rockwell Automation. Continue reading