The Distribution Years – 3 Financial Planning Steps to Living Successfully in Retirement

The day has finally arrived: you’re ready to pack up the office and say goodbye to the daily grind for good. So long to long commutes, office politics and the demanding boss. Welcome to the world of retirement. Here are some practical steps to take to as you begin the distribution phase....

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?...