Social Security is an important part of almost every retirement plan, whether you’ve saved enough or not. That’s why it’s important to know as much about your Social Security situation as possible. And you don’t want to wait until you’re about to retire to gather the facts. Social Security planning needs to start 5 years before your target retirement date. [...]
It’s an age-old dilemma—I love making money in the market but I hate paying taxes on the gains. What’s an investor to do? One answer is tax loss harvesting which allows you to sell losers in your portfolio and use the losses to offset capital gains. It’s effective. It works. But remember, when you’re talking about reducing the amount of [...]
Your advisor probably told you to wait. Wait until 70, collect the bigger check, maximize your guaranteed lifetime income. It's the standard advice and has been for years. Here's what they don't always tell you: for those of you who have done the hard work and saved a substantial nest egg, that advice deserves a lot more scrutiny than it [...]
It is a common misconception that a "Will" covers everything. In reality, a standard estate planning package includes four distinct documents: the Will, a Durable Power of Attorney, a Health Care Power of Attorney, and a Living Will. While the standard Will addresses what happens after death, the other three focus on your care while you are still alive. [...]
There’s an old axiom that says nothing in life is certain except death and taxes. True enough. But there’s one other thing that’s certain; we’re all going to retire—sometime. The number one retirement question I’m asked is, “What is the perfect age to retire?” Close on its heels is, “When should I start taking Social Security?” The Social Security question [...]
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