Retirement planning literature has several commonly referenced rules of thumb. In my experience in helping clients plan for retirement and successfully manage their financial lives throughout their retirement years, I have found most rules of thumb apply only by chance. … Continue reading
Tag Archives: Social Security
Budget Act of 2015 Significantly Alters Social Security Claiming Strategies
The Bipartisan Budget Act of 2015 was signed into law on November 2nd and has been popularly reported as avoiding another debt ceiling fiasco. However, the act also has created major changes to Social Security and particularly claiming strategies that … Continue reading
Will Social Security Be There For Me?
Social Security’s future solvency is a regular discussion point when considering retirement planning issues. It is common for people to think the benefit will be reduced from what is shown on their statement. Yet, that position is often taken … Continue reading
Making the Most of Your Pension: Lump Sum or Annuity?
While traditional, defined-benefit pension plans are going away, many baby-boomer pensioners are still confronted with the complex decision of how best to take their pension. Some plans may even offer the choice of a lump sum in lieu of a … Continue reading