Most of us are guilty of putting conditions on our life goals, believing that we can only be the people we want to be once we have certain things in place. On the surface, it’s logical thinking – after all, you can’t make a BLT if you don’t have any bacon. The problem is that…
Recent Articles
The 3 Biggest Money Mistakes Millennials Make (and How to Fix Them)
Did you know you’re primed for financial success when you’re in your 20s and 30s? It’s true! You’re in the best position to build and grow wealth because you have time on your side. Now is when you should start saving and investing a percentage of your income, to give your nest egg enough time…
What’s the Maximum Social Security Retirement Benefit for 2018?
It’s so early in 2018 that the Social Security website has yet to update many of its statistics, but there is good news for those collecting Social Security benefits. The maximum benefit increased slightly this year from $2,687 to $2,788 for those collecting at full retirement age. This maximum benefit is includes all types of…
How to Plan For Retirement if You’re a Millennial
Almost half of all Millennials in the U.S. are living paycheck to paycheck, and if you’re one of them, retirement can seem too far off to think about. Even though you’re scrambling to pay your bills each month, you need to make saving for retirement a priority now because the longer you wait, the farther…
Are Millennials at a Higher Risk of Identity Theft
As a Millennial, technology plays a leading role in your everyday life. What you may not realize, however, is that your level of comfort with technology puts you at a higher risk for identity theft. Even though many websites require security questions as well as a password to gain access, the truth is that answers…
Claiming Your Social Security Early and The Tax Torpedo
If you’re worried about outliving your nest egg, you might assume that you’ll be better off taking your Social Security benefits early so you can allow your investments to continue to grow untouched. Unfortunately, this plan does not take into account the issue of how taxes affect your Social Security benefits. In particular, taking early…
How Social Security COLAs Are Calculated Might Surprise You
When the Social Security Administration first started paying out benefits in the 1940s, there was no provision in place for how to deal with inflation. Unfortunately, this meant that early beneficiaries saw the buying power of their benefits eroded as the years went by. This is why the Social Security Administration enacted the annual cost-of-living-adjustment…
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