Making fewer things matter helps you focus attention and ward off FOMO and sales pitches. You’ve made it when you can afford all the “mistakes.”
Social Security Administration added an interactive chart in the online account but a third-party tool still does a much better job.
Retiring early means lower average earnings for calculating Social Security benefits. However, once you reach the second bend point, you aren’t losing much. I show you how to see when you will reach the second bend point.
A low Social Security COLA caused by low inflation is good for seniors.
I compared two free calculators for the optimal Social Security claiming strategy with hypothetical test cases. They both do a good job.
There will be no Social Security COLA in 2016. And that’s good for retirees.
The maximum amount of earnings subject to Social Security tax will increase in 2015.
Social Security benefits will have a small cost of living adjustment in 2015.
These free and paid online calculators will help you figure out when and how you should claim your Social Security benefits.
Although the marginal tax rate gets high when Social Security benefits become taxable, the effective tax rate is still very low. Marginal tax rate is high precisely because the effective tax rate is low.
The government shutdown in the first half of October delayed the CPI release by two weeks. Inflation was very low in the last 12 months. According to the government, the Consumer Price Index for Urban Consumers (CPI-U) in September 2013 was 1.2% higher than the same measure a year ago in September 2012. The annual […]
This is the third and final installment on my Asset Rich Income Poor strategy. The road to asset rich sounds simple at a high level but it’s not that easy at the details level, because every decision you make has tradeoffs. The tradeoffs affect the final outcome in ways you can’t know for sure. I […]