![Sam Liang]()
Sam Liang |
April 26, 2016 |
Annuity Basics, Social Security, Your Retirement
The Social Security Administration (SSA) can’t help you with your Social Security benefits. That sounds funny, I know, but they can’t. What I mean is that they can’t help you put a plan in place to maximize your benefits. An article in last year’s Wall Street Journal said it best: “The Social Security isn’t your financial advisor.”1 Everyday, 182,000 people visit an SSA office. They field 445,000 phone calls daily. In 2014, they received 17 million applications just for new and replacement cards. 59 million...
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![Brian Jones]()
Brian Jones |
February 26, 2016 |
Fixed Annuities, Income For Life, Income Riders, Retirement Planning, Social Security, Your Retirement
For most of us, it’s very important to have an income or some type of cash flow during retirement, especially if you want to enjoy your retirement years. But how do you plan for this income and where does it come from? For most of us, Social Security is the first source that comes to mind. Yes, I do believe Social Security will be around in some form or fashion for most of us as one of our retirement income sources. If you are one...
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![Ryan Allor]()
Ryan Allor |
August 7, 2014 |
401k and IRA Blogs, Annuity Basics, Social Security
Retirement in the 1960s almost always consisted of your Social Security and your savings. About 90% of people working used this method to fund their retirement years, and most families only had one wage-earner to draw Social Security, so the decision of when to start taking it was an easy one – most of the time, when you stopped working. To keep their best talent, many companies in the 1970s offered monthly pensions to their employees upon retirement. It was at the company’s expense to...
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![Chad Centorbi]()
Chad Centorbi |
March 27, 2014 |
Social Security
Most people are unaware their social security benefits can be taxed. Maybe it’s because they don’t think about it; they think they’re too young or they just don’t fully understand the effect of these taxes. Fortunately through proper retirement distribution planning either some or all of these taxes can be eliminated based on a person’s situation. But first, let’s discuss social security benefits. Interestingly enough, there are currently more than 1,000 different ways for married couples to draw these benefits. This number sounds overwhelming and...
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