Income Planning in Retirement: Which Withdrawal Strategy Should You Use?

June 2, 2016 10:09 am

You’ve worked hard and saved for a long time, and it’s finally time to retire.  In planning for retirement, you will need to evaluate your retirement income sources.  For most, a Social Security benefit will be one of the fixed sources of monthly income.  Others may also receive a monthly pension or perhaps a monthly […]

Choosing the Appropriate Pension Benefit

March 15, 2016 9:40 am

Pensions come in all shapes and sizes, and understanding how they fit into your long-term financial plan is essential when planning for retirement.  Some pensions offer cost of living adjustments (COLAs), can have varying ages of retirement and vesting schedules, as well as different payout options.  Unfortunately once you choose your payout option and begin […]

Big Announcements to Social Security and Medicare-What They May Mean for You

October 16, 2015 2:08 pm

If you’re retired, and have started to collect Social Security you may want to skip this week’s news and go out and enjoy the fall weather that has arrived in New England. In the news are two announcements that can and will affect retirees- specifically those who collect Social Security and/or Medicare. Changes to Social […]

Changes to Social Security Benefits: Claiming Strategies Come Under Fire

September 29, 2015 11:49 am

The financial planning world was abuzz this week as the details of the newly proposed congressional budget legislation started to emerge. As I write this article, the legislation has not yet been passed, so- stay tuned for updates. The topic of focus has to do with Social Security and the elimination of a popular claiming […]

Surviving Spouse and Social Security

January 8, 2015 12:46 pm

I recently attended a meeting at the Social Security Administration office with a client who recently lost her spouse. We had met in my office on several occasions since his passing, and we discussed her options with regards to collecting Social Security. When we arrived at the Social Security office, we had our plan and […]

When Marriage Can Increase Social Security Benefits

January 31, 2014 12:00 am

Marriage has its benefits – especially when it comes to Social Security. But you have to be a bit patient.

Most people want to maximize the amount of money they receive from Social Security. For some people, with shortened life expectancies or …