Dave Lindorff has the right idea about Social Security as an annuity. However, there are a few additional items that need to be emphasized. Social Security (SSA) benefits are taxed as ordinary income even though you paid taxes on every paycheck. Yes, double taxation....
“How Much to Withdraw From Retirement Savings?” – is NOT the important question. This Forbes article discusses withdrawal rates of 4%, 2% or 3% and also 6% or 7% – in that order. It is all over the map. The KEY question is … “When should...
This year has been a rollercoaster ride. COVID has dominated the headlines and impacted every aspect of our lives. It has shut down businesses, schools, and workplaces. It’s changed the way we interact and socialize. And of course, it has deeply impacted the economy...
The recovery in the financial markets hit some turbulence in October, as investors wrestled with anxiety about increasing COVID cases. However, a surge in gross domestic product (GDP) in the third quarter may signal that the economy is on the rebound.1 Through October...
Technology has revolutionized every aspect of our lives, so it shouldn’t come as a surprise that tech-based investment platforms, known as robo-advisors, are becoming more popular. Robo-advisors were created in the aftermath of the 2008 financial crisis, as an...
On Wednesday, September 16, Federal Reserve Chairman Jerome Powell offered his assessment of the economic recovery. The press conference offered some positive news, but also a sobering prediction that a full economic recovery will take years.1 The good news is that...
