You’re getting close to 62, and wondering whether or not you should apply for your Social Security benefits. If you are eligible for benefits, you may begin receiving payments as early as age 62 – but is that a wise decision? At age 62, you would receive only 75% of your benefit amount – a reduction that continues for the remainder of your life.
December brings us the joy of Christmas, but also the beginning of preparation for tax season. Make sure you have done the things you can do to maximize your retirement assets, gain any available tax benefit, and/or avoid any tax penalty that may be linked to those investments.
Just over 1 in 4 of today’s 20-year-olds will become disabled before they retire.1 Over 37 million Americans are classified as disabled – about 12% of the population – and more than 50% of those are in their working years from 18-642.
Very few people could “save” enough for retirement with today’s long life expectancies and earlier retirements. If you just “save” – yet do not have growth that exceeds both income taxes and inflation, you are more likely to run out of money.
As a celebration of this joyous Easter season, and the blessings God has given me in my lifetime, I would like to share some of my favorite words of financial wisdom from the Bible:
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