Find out if you will come out ahead by waiting to claim Social Security benefits.
Social Security usually doesn’t offer a “do-over,” but retirees can turn to this option in a few select options.
More travelers than ever are wiring money – to vacation rental owners, tour operators, and each other.
The news isn’t good for retirees who have left their retirement savings with their former employer.
Know your options for getting issues related to your Social Security checks resolved.
There’s no way to plan for the future.
Millions of baby boomers are primed to retire in the coming decade, and some of the biggest decisions they’ll need to make are how and when to apply for Social Security.
I’ve been hearing a lot about tax-free retirement accounts and how they’re better than a traditional 401(k). What is a TFRA, and is it really better than a 401(k)?
Even if you never worked a day, you could be eligible for Social Security benefits based on the earnings of your husband or wife.
Life insurance protects your loved ones against financial expenses when you pass away.
If you’re heading into retirement, the last thing you want to worry about is how you’ll continue to make money.
Understand how money earned from a retirement job could impact how much you get from Social Security.
Can you afford to travel this year?
Your needs are unique if you are divorced, widowed or never married.
The COVID-19 pandemic has created tremendous uncertainty about the future for millions Americans.
Long before the Clash sang “should I say or should I go,” Social Security recipients have asked, “Should I Claim or Should I Wait?”
Social Security has always been a uniquely American Rorschach Test.
Millions of retirees are living out their days on shoestring budgets that barely cover the basics.
There are often clear advantages for someone to wait before claiming Social Security but the temptation of “getting the money now” trumps those advantages.
If you’re concerned about how to protect your assets from nursing home costs, you’re at an advantage if you can plan at least five years out.
Look at your budget and estimated benefit to determine what Social Security will cover in retirement.
Buying a home can be expensive.
No one relishes the thought of the day they pass away and leave their worldly possessions behind.
Interest rates are low right now, so if you own a home, you could benefit from new, favorable loan terms. Refinancing a mortgage over 30 years can allow you to spread the loan balance over 30 years versus 10 years as with a home equity loan, says Chuck Czajka, founder of financial consulting firm Macro Money Concepts in Florida.
“Getting a credit limit increase will not hurt your credit score,” says Chuck Czajka, founder of Macro Money Concepts in Stuart, Florida.”
“Education – enough is not enough. Continuing to learn is a mainstay of this business. Every day new ideas and products are created to help people succeed…”
“Sometimes, healthcare workers, doctors, or even patients, commit Medicare fraud without knowing it,” Czajka says.
“You’ll never get ahead if you’re always putting the cart before the horse,” says Charles Czajka, CEO of Macro Money Concepts in Stuart, Florida
“It’s better to pay off debt first, then save for retirement.”
“While saving for retirement is a must, COVID has shown that this traditional thinking and saving through a 401(k) might not be the best solution.”
“The process will take longer because lenders are becoming more picky about who they lend to.”
“Creating a will helps to keep things organized so your family members can grieve easier knowing they are following your wishes.”
“The last thing you want to do is spend 2021 paying off 2020’s holiday season.”
“if your employer deducts the premium, your disability could be taxable to you…”
“Prepare for civilian life. Build a financial team to educate you on what you need to know regarding your finances…”
“In most cases, the loan is only paid back when the borrower leaves the home,” says Chuck Czajka…
“If you retire before you get to retirement age, your benefits might be less when you get to Social Security retirement age,” says Czajka.
“While that may be hard in the beginning, like a diet, you have to try to get as close as possible to this goal,” he says…
Late last year, the Internal Revenue Service and U.S. Treasury loosened rules regarding hardship withdrawals from 401(k) plans, making it easier to pull money from retirement savings…
You’ve spent decades in the workforce earning a living, your schedule dictated by the demands of the job. All the while, you’ve been steadily adding to your savings…
The homeownership rate has edged up 1 percentage point in the last five years, to 64.8 percent. And there are many renters eager to join the club…
There are a number of options that retirement plan advisers can suggest to the self-employed and small business owners to help them save for retirement….
THE 2017 TAX CUTS AND Jobs Act was the most sweeping tax reform enacted in decades, and the 2019 SECURE Act made 401(k) changes that affect millions of workers.
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The content of this website is developed from sources believed to be accurate and complete; however, no guarantee can or is given for such accuracy or completeness. Nor is the information in this material intended as tax or legal advice. Please consult your own legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale, or the solicitation of such an offer, of any security, insurance product, or annuity in any jurisdiction in which the persons represented on this site are not appropriate licensed, registered, appointed, or otherwise qualified by law and regulation to make or solicit such purchases and sales.
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