Posts Tagged ‘social security’
Striking the Right Balance for a Successful Retirement
We all know what a balance sheet is when it pertains to a business. Well, when we retire, we need to check our personal balance sheet – if it’s out of balance, we may not have the money and resources we need to retire in the first place. Today Jon and Karyn go over the steps which need to be taken to be sure your personal balance sheet is where it needs to be in order to live your best retirement.
Read MoreEssential Money Questions to Answer Before You Retire
There are a number of things you absolutely need to know before you make that move into retirement. What kind of lifestyle are you looking for? How much money will I need to save? How long will my retirement last? Today Jon and Karyn help you identify the questions you need to ask yourself – and then help with ways to provide the answers you need as well.
Read MoreFinancial Considerations for Centenarians
Have you thought about the idea of living to age 100? Many have not, but in case it happens, your financial plan needs to make your money stretch out that long, or maybe even longer. Today Karyn goes solo to tell you about longevity risk – the idea of outliving your money simply by living too long. She also outlines some ways to help you extend the life of your retirement savings, including managing Social Security, investments and other instruments of savings properly, just in case you might become a centenarian.
Read MoreKey Financial Steps for People About to Retire
Are you about to retire? Or is it at least on the radar? If so you will want to listen as Jon and Karyn go over several key steps which need to be taken to assure your portfolio is ready and your income strategy is correct to provide you the money you’ll need to last 20, 30 or perhaps 40 years.
Read MoreGetting the Facts Straight on Social Security
You may think you know everything there is about Social Security, but even today in the Information Age there are myths and misinformation that persist. Today on Radio Evolved, Jon and Karyn go over several long-held ideas concerning Social Security and explain the facts as well as dispel the myths so you can get the absolute most from your benefits.
Read MoreWhat Women Should Know About Social Security
By: Karyn Damschen
Women live, on average, ten years longer than men. Women also tend to earn less than men in their lifetimes, often due to working from the home raising children or caring for family members. Given these two facts, longer life and less income, it is important that women understand their Social Security eligibility and get the most out of their benefits. And 40% of recent women claiming their benefits were only 62 years old while only 3% were 70 when they claimed their Social Security– the age at which you would receive your maximum payout. If you claim your benefits early, you may receive a payment reduced as much as 30% of its possible value.[i] Since women may live over thirty years or more on that payout, it’s good to know your options. We encourage you to visit the Social Security website, or a local office, and look over your details, making sure everything is accurate.[ii] We may also be able to help you in this area.
Read MoreKey Financial Steps
Preparing for retirement is not simply a matter of saving money. You also need to prepare mentally and emotionally. Today, Jon discusses ways to prepare for your retirement holistically, and how making these preparations as far in advance as possible can increase your chances of a successful retirement that meets your unique needs..
Read MoreThe Right Way to Treat Your 401K
If you have a 401K it is important that you treat it properly to avoid costly mistakes when dealing with this valuable asset. Today, Jon covers ways to properly manage your 401K and how to maximize the benefits it can provide your retirement.
Read MoreEight Topics That Involved Retirement Planning
Today, Jon discusses eight topics that may get overlooked in the retirement planning process, yet are crucially important to address in order to achieve a successful retirement that meets your unique needs.
Read MoreMake Your Retirement Strategy A Routine
Developing a retirement plan is a dynamic process. The best retirement outcomes tend to be those where the person follows a process or routine. This boils down to a simple 5 step cycle: plan, diversify, revisit, rebalance, and repeat. Today, Jon discusses what each of these steps is comprised of and how to integrate them into your retirement planning routine.
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