Two things to note first this week, which are taxes and politics.
First, the tax filing deadline for federal income taxes is April 18th. Typically it would be Monday April 17th, since the 15th falls on ...(more)
The stock market did great last year. The Dow was up 13.4%; the S&P gained 9.5%; and the Nasdaq was up 7.5%, according to CNN Money.
But do you remember how things started?
2016 began with the worst five-day ...(more)
Seven Concerns and Fears About Retirement
By: J. Barry Watts
The speckled-with-grey-haired executive wearing the rumpled trench coat dropped into the seat beside me at gate B33 of the Pittsburgh airport with a loud ...(more)
Understanding your social security benefit is a huge part of being prepared for retirement, and even the young generation should understand what they can expect to receive from social security. It can be very ...(more)
Mark Twain once said, “comparison is the death of joy.” While this may be excellent advice for personal development, comparison is imperative as an employer and mandatory as a plan sponsor. If you sponsor your ...(more)
The foundation to answer where does fear of outliving money come from was laid in yesterdays’ post (Part I).
Why is all of this important? The fear of outliving your money also (there’s another reason listed below) ...(more)
You see the headline all the time that has something to do with basically these four words: Risk, Outliving, Longevity and Money.
The viewpoint that you may outlive your money because of increasing longevity ...(more)
Working or retired, the focus of most people is keeping their check book full of money for the monthly expenses they have.
While working, the source of the money is obvious … it is from you working.
While retired, ...(more)
I get a lot of questions about IRAs so I thought a quick crash course in the basics would be helpful. Tax laws, regulations and individual circumstances change frequently so always check with your advisor or tax ...(more)
Most people understand to some degree, what investments are for – presumably for “their goal,” whatever that goal may be. Most people though, miss the difference between what and when investments are for.
So, what is ...(more)
Security Planning isn’t just for people who haven’t claimed yet. People who are already receiving Social Security often forget about other benefits they may be entitled to after having filed.
The wise owl circles ...(more)
Did you turn 62 by 1 Jan 2016? Your options later if you didn’t.
If you did turn 62 by then …
… you retain the ability to claim just your spousal benefits (Why? answer later) from your spouses Social Security ...(more)
It seems like every time we turn on the financial news, there’s another story that’s grabbing our increasingly limited time and attention. Whether it was the economic crisis in Greece, or the more recent slowdowns in ...(more)
Okay, the first part of the new Social Security rules* has gone by – we’re into May now and you may have read already about the demise of File and Suspend. Rather than talk about what one could have done (a moot ...(more)
Roth IRAs are a terrific retirement account although not everyone is able to contribute directly to them because of income limits. There is a solution for people who fall into this category that give them all of them ...(more)
When to collect Social Security is a major concern for many retirees. Collecting too early means they would be guaranteed to get some money if they were to die at a young age, however, it can dramatically ...(more)
As Featured in U.S. News & World Report’s The Best Life
By Michael Miller, CFP®
As a retirement specialist, I am often asked by prospective retirees what it takes to ensure they have enough saved for ...(more)
Information is provided 'as is' and solely for informational purposes, not for investment purposes or advice. BrightScope is not a fiduciary under ERISA. BrightScope is not endorsed by or affiliated with FINRA.