Life Expectancy and Social Security

Life expectancy is a critical element in Social Security planning. The total amount you stand to receive over your lifetime hinges on how long you and your spouse live. Nothing maximizes total Social Security benefits more than extreme longevity.

Q&A: When Should I Start Social Security?

The Social Security Administration has published studies and come up with a surprising statistic – that over 75% of those who are on social security are NOT maximizing their benefits. One of the major reasons is that 34% of those eligible start their benefits as soon as they become 62. Claiming early, or as I refer to it, “in the penalty phase”, could be costing the household anywhere from $50,000 to $250,000 of income over their lifetime.

How to Raise Your Social Security Benefit: What If You’ve Already Filed For Social Security?

Increasing your social security benefits is still possible even if you’ve already started collecting.

How to Raise Your Social Security Benefit: Delay Claiming

When you delay claiming your Social Security benefits, it can increase the amount you receive each month. Here’s a look at how the numbers play out.

How to Raise Your Social Security Benefit: Earn More

One way to increase your Social Security benefits is to earn more before you claim.

How to Raise Your Social Security Benefit: COLA

There are several ways to increase your Social Security benefits, but the simplest is through Cost of Living Adjustments (COLAs).

Federal Employees and Social Security

If you have ever worked for the federal government, you know there can be confusion about CSRS, FERS, and something called “CSRS offset.” Let’s see how these federal retirement plans interact with Social Security.

The Cost-of-Living Adjustment and What It Means For You

Each year, the Social Security Administration (SSA) announces the cost-of-living adjustment for the next year. Whether you are retired or not, you should be aware of what the changes mean.

The Three Biggest Mistakes Financial Advisors Make When Working With Women

Most financial advisors were educated in the male dominated investment industry and were taught how to put together a solid investment portfolio. They would often talk "down" to their female client, particularly if the advisor felt the client was not initiated in the ways of the investment world. Rarely did they take the time to cultivate a relationship — they were too busy managing money.

The successful advisor spends the time to educate their female clients and create unique solutions to fit the particular circumstances for each individual. This entails not only educating the client on the plusses and minuses of each option, but also following through after the decision is made to continue to communicate with the client to make sure there is a complete understanding.

Three Mistakes Women Make With Retirement Planning

Most people find retirement planning to be complex and overwhelming. While that's understandable, unless you have a sound retirement plan in place, you're jeopardizing your long-term financial future. 

As a retirement advisor, I've found that women make three common mistakes that can devastate their retirement plans. Fortunately, by being aware of these mistakes - and taking the necessary action - you can potentially avoid these pitfalls, and increase your chances of a comfortable, worry-free retirement.