Social Security Basics

The average retired worker received $1,340 in the most recently reported month, according to the SSA. Those amounts won't rise markedly when January's results come out, because unlike in most years, there won't be a cost-of-living adjustment upward in benefits for Social Security in 2016....

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Timing Tax Payments in Retirement

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For most of us, during our working years we give little thought to paying taxes due on income, other than knowing that a lot of our gross pay disappears because of this. In fact our employer has set up a system to withhold what we owe automatically, so we don’t have to make the payments ourselves. So what happens when a retiree leaves the workforce and the system that has been set up to pay taxes on any income received?...

Health Insurance – The Iceberg that can Sink Early Retirement Dreams

When someone says that their ideal retirement age is before the age of 65, and especially if it’s significantly before then, the first question I ask is, “What is your plan for health insurance?” You see, while it may be a lot of clients’ #1 goal to retire as soon as financially possible, what a lot of them don’t factor in is the impact of this one question....