By Genevieve Wall | Published August 9, 2014 | Posted in Estate Planning, Retirement Benefits Planning | Tagged Tags: lifetime benefits, social security | Leave a comment
Social Security: What professional women need to know
Investment News – August 7, 2014 “The right claiming strategy can significantly increase lifetime benefits. When Social Security was created in 1935, the typical American family had a working husband, a stay-at-home wife and a houseful of kids. Today, 40% of mothers are either the sole or primary source of income for their families Read More
Read MoreTax Trick – When to Start Social Security
Financial-Planning.com August 5, 2014 “Most seniors claim Social Security at age 66 or earlier but they don’t have to do so. “I typically recommend that clients wait until age 70 to take benefits,” says Mark Lumia, CEO of TrueWealth Group in Lady Lake, Fla. The obvious reason to wait is an 8% annual increase Read More
Read MoreThree Reasons Why Joint Accounts May Be a Poor Estate Plan
Elder Law Answers – July 24, 2014 Many people, especially seniors, see joint ownership of investment and bank accounts as a cheap and easy way to avoid probate since joint property passes automatically to the joint owner at death. Joint ownership can also be an easy way to plan for incapacity since the joint owner Read More
Read MoreYOUR MONEY-What would you do with $100,000?
June 30, 2014 – Reuters What would you do if you suddenly got $100,000, no strings attached? With $30 trillion set to change hands from one generation to the next over the next 30 years, many beneficiaries will face that issue. Some will use the money wisely, but unfortunately many will “blow it”. Read More
Read MoreTips for Planning Your Estate for the Digital Age
March 21, 2014 – Fox Business As we spend more of our lives online — banking, collecting credit card rewards points, playing virtual reality games, creating photo albums, emailing, tweeting — it’s increasingly important to consider how beneficiaries can access those accounts and any assets they hold, once we’re gone. READ MORE HERE
Read MoreBreadwinner Approaching Social Security Retirement Age? – “File & Suspend” – Part 2 of 2
December 20, 2010 – From Retirement Income Visions The “file and suspend” strategy is a viable solution for maximizing a married couple’s Social Security benefits, however, it’s not without risk. Specifically, a potential downside of using this strategy is (1) premature death of the breadwinner or (2) the couple’s premature death between age 70 and Read More
Read MoreBreadwinner Approaching Social Security Retirement Age? – "File & Suspend" – Part 1 of 2
December 13, 2010 – From Retirement Income Visions By using “file and suspend” a married couple can increase the overall Social Security benefits that they receive. “By employing this strategy, a couple can start the spousal benefit while enabling the breadwinner to increase his/her FRA benefit by 32%. ” READ MORE HERE
Read MoreWhy You Should Update Your Estate Plan
July 3, 2014 – Forbes There is a sense of accomplishment when an estate plan is executed. In fact, it’s quite common for people to sign documents and file them away for safe keeping and forget about them. The danger is that these individuals and families may believe that these matters require no further attention. Read More
Read More6 Estate Planning Tips for Women
6/30/14 – from LifeHealth Pro Here are 6 very basic and very practical estate planning tips for women from LifeHealthPro.com Read the tips HERE
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