Extra Retirement Income From a Past Divorce
Times are tough out there and here is some advice that you may have forgotten about or didn’t know. A person can collect Social Security benefits based on his/her own earnings history, or 50% of his/her former spouse’s benefit if it is greater than his/her own, or 100% if the former spouse is deceased. In [...]
SHOULD I TAKE SOCIAL SECURITY EARLY?
This is a question that I am often asked. Conventional wisdom says to wait as long as possible, but these are not conventional times. Many baby boomers today think they should take benefits now while they can, and there are more people taking early benefits. There is much discussion about Social Security reform, increasing the [...]
Baby Boomers – Will you outlive your savings?
The three biggest fears of people about to retire are: Will I outlive my savings? How do I protect my family? How do I protect my assets? With the fluctuations in the market, higher taxes, and fewer jobs, these are real concerns. Many people who planned to retire now have to work 5 to 10 [...]
Don’t ignore that 401(k) Compliance Check Questionnaire
The IRS’s Employee Plans Compliance Unit (EPCU) is sending a letter and instructions to a random sampling of 1,200 employers of the nearly half million employers that sponsor 401(k) plans and asking them to complete a comprehensive “401(k) Compliance Check Questionnaire.” The IRS said that the questionnaire was developed because of the critical role 401(k) [...]
