So, you’ve managed to save enough to retire and spend the rest of your life doing things that really matter to you. If you’re like most Americans, and did not work in the public sector, you probably don’t have a pension from your prior employer(s). Instead, you saved in your employer-sponsored retirement plan. You probably […]
Under current tax law, dividend and capital gain income for couples with income of $100,000 or less can be tax-free. The income must come from qualified dividends and long-term capital gain. Qualified Dividends: Although dividends can be received from both US and foreign companies, not all dividends are considered “qualified”. The IRS tracks companies whose […]
One of the most important benefits of the Social Security program is the spousal benefit. This payment is made at retirement to the spouse of the individual who paid into the Social Security system over time. The spousal benefit payment was originally intended to provide some income in retirement for the non-working spouse in a […]
According to the Social Security Administration, benefits will receive a 0.3% increase in 2017, compared to the 0% increase they received this year. The average monthly benefit will increase to $1,360 from $1,355 starting in January. There was no automatic adjustment in 2016 because of low inflation. Next year will mark the fourth consecutive year […]
On November 2nd, President Obama signed the Bipartisan Budget Act of 2015. Once section of the Act closes two of the most attractive Social Security strategies – commonly referred to as “File and Suspend” and “Claim Now, Claim More Later”. The elimination of these two strategies can potentially have a major impact on your retirement […]
Social Security expert Mary Beth Franklin answered ten popular questions about Social Security in a recent Investment News article. You can read the entire piece here.
Author Mary Beth Franklin recently published an excellent primer on the methodology used for calculating the annual percentage increase in Social Security benefits. In summary, average inflation for the third quarter of the current year – as measured by the Consumer Price Index for Urban Wage Earners (CPI-W) – is compared to the average third […]
Marlena Lee, Vice President at Dimensional Funds, addresses the critical question of how to determine the amount of income you’ll need in retirement. Click here to watch the brief, three minute video.
On October 30, 2013 the Social Security Administration announced a 1.5% benefit increase for 2014. This marks the fourth time in five years that the increase has been less than 2%. You can read the SSA’s entire announcement here.
With Congress’s latest effort to address America’s economic and budgetary challenges behind us, and with a brief lull before their antics begin again in the winter of 2013/14, we thought it would be an opportune time to revisit the New York Times’s 2010 budget deficit puzzle. You can set your budget priorities – and try […]