Benefits of delaying Social Security retirement by Kelli B. Grant: “Someone who retires and begins claiming Social Security at age 70 would receive a benefit that’s 76 percent higher than the one he or she would receive at age 62. Factor in late-career earnings replacing a zero-income year and the increase becomes as much as…
Month: December 2016
Wealthy likely to get huge tax cut under Trump propsal
As reported December 2, 2016 by the conservative Wall Street Journal, despite promises of big tax cuts, the middle class is likely to pay higher taxes under Trump while the wealthy enjoy big tax cuts under trump’s proposed tax plan. Bottom line: big increase in the federal deficit under this Republican administration. Trump;s pick for…
Strategies to increase your retirement savings
Emily Brandon shares suggestions for improving your retirement security. 1. Save your raise. 2. Invest your windfalls. 3. Qualify for tax breaks. 4. Get a 401(k) match. 5. Create an emergency fund. 6. Save $10 more. 7. Consolidate your accounts. 8. Redirect debt payments into savings. 9. Save side job income. 10. Ramp up your…
Turning a nest egg into retirement income
There are plenty of strategies for how to turn your retirement accounts into a reliable income stream at retirement. Walter Updegrave is one of my favorite financial columnists due to the high quality of his research and writing. He answers this question in an article that is short enough to absorb but also includes links…