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social security

Reaching Retirement: Now What?

December 5, 2014

  You’ve worked hard your whole life anticipating the day you could finally retire. Well, that day has arrived! But with it comes the realization that you’ll need to carefully manage your assets so that your retirement savings will last. Review your portfolio regularly Traditional wisdom holds that retirees should value the safety of their…

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Paying the Bills: Potential Sources of Retirement Income

August 27, 2014
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Planning your retirement income is like putting together a puzzle with many different pieces. One of the first steps in the process is to identify all potential income sources and estimate how much you can expect each one to provide. Social Security According to the Social Security Administration (SSA), more than 9 of 10 people…

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Social Security: When Should You Start Receiving Retirement Benefits

March 21, 2013
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The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) may be appropriate for you, consult your financial advisor prior to investing. All performance referenced is historical and is no guarantee of future results. All indices are…

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2013 FICA Tax Increase Surprises Some Taxpayers

February 14, 2013
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With all the end-of-year hype surrounding the fiscal cliff and the relief that came with New Year’s legislation permanently extending most income tax rates, one change seems to have been veiled by the settling dust: the 2 percent increase in FICA (Federal Insurance Contributions Act) tax. That increase, the result of an expiring provision that…

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Explaining the "Fiscal Cliff"

August 28, 2012
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What is the “fiscal cliff”? It’s the term being used by many to describe the unique combination of tax increases and spending cuts scheduled to go into effect on January 1, 2013. The ominous term reflects the belief by some that, taken together, higher taxes and decreased spending at the levels prescribed have the potential…

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Payroll Tax Cut Extended to End of 2012

May 14, 2012
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If you work in a job that’s covered by Social Security, your employer normally withholds 6.2% of your wages to pay for the Social Security portion of federal employment (Federal Insurance Contributions Act, or FICA) taxes (assessed on wages up to the taxable wage base of $110,100 in 2012). Your employer has to pay the…

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Electing Early Social Security Retirement Benefits

April 9, 2012
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You can elect to receive Social Security retirement benefits at age 62 instead of waiting until normal retirement age. Prerequisites You want to optimize your Social Security retirement income, and: You are at least age 62 You are fully insured for retirement benefits You have applied for early retirement benefits by contacting the Social Security…

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Electing Delayed Social Security Retirement Benefits

March 26, 2012
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You can elect to delay receiving Social Security retirement benefits past normal retirement age. Prerequisites You want to optimize your Social Security retirement income and: You are at least normal retirement age You are fully insured for retirement benefits You have applied for delayed retirement benefits by contacting the Social Security Administration Key Strengths Your…

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Payroll Tax Cut Extended to End of 2012

March 5, 2012
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If you work in a job that’s covered by Social Security, your employer normally withholds 6.2% of your wages to pay for the Social Security portion of federal employment (Federal Insurance Contributions Act, or FICA) taxes (assessed on wages up to the taxable wage base of $110,100 in 2012). Your employer has to pay the…

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Proper Financial Planning: Critical for Women

October 19, 2011
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A key goal of investing for retirement is making sure you save enough to make your money last throughout your lifetime. On this score, women may need to save more than men. The current life expectancy of a female at birth is almost 81 years, compared with 75 years for a male. 1 Although six…

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