The Social Security Administration has a little trick up their sleeve. They don’t add your credits immediately if you file after full retirement age. This is a little puzzling to me and I’m not sure why they do this. It’s not as if they don’t have the systems in place to do the calculations. After...
social security income
Important Factors to Consider Before Making a Decision: How Various Variables Affect the Suitability of a Roth IRA Conversion
Roth Conversions provide a unique opportunity to withdraw from your retirement savings tax-free, and have no required minimum distributions (RMDs), providing flexibility and potentially allowing the account to grow over time. But are they right for most people? Inspired by a comment from our...
Is it possible to merge 401k and Social Security retirement payments?
Social Security retirement checks refer to the monthly benefit payments that eligible individuals receive from the Social Security Administration upon reaching their eligible retirement age and applying for benefits. These payments are intended to provide financial support to retirees and help...
Should I Withdraw Social Security at 62 or 67 with $1 Million for Retirement?
If I want to retire early, should I take social security at 62 or 67 with $1 million in assets? How can I maintain my retirement income and expenses? What is the best age for me and my spouse to file for social security so my money can last? In this video, Troy discusses the differences between...
Why Opting for Social Security at Full Retirement Age (or Beyond!) is Your Ideal Decision
Only 35% of Social Security recipients file at Full Retirement Age (FRA), yet most of them should... This short video will help you make the decision about when to file for this important part of your retirement income. Questions to Ask A Financial Planner to Determine if They Know How Social...