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retirement savings

Things You Should Know About Social Security and Your Retirement

With more than 95% of American workers currently covered by Social Security, there are some things about this massive retirement program that you should probably know.  If you’re still in your forties or fifties, you can probably wait a few years to learn the intricacies of Social Security, but if you’ve recently entered your 6th decade on this planet, here are a few things you should be aware of:

  • Your social security retirement age can vary, depending on the year you were born. For instance, those born in 1954 or earlier currently have a retirement age of 66 years, according to the Social Security Administration.  But if you were born in 1957, your retirement age is 66 years and 6 months. And for those born in 1960 or later, the retirement age jumps to 67 years.

Yes, You Can Start Saving for Retirement Today

Time certainly goes by fast. One day you’re interviewing for your first job and the next thing you know you’re a few short years from applying for Social Security.

While it’s never too early or too late to start planning for retirement, when it comes to retirement savings in the U.S., later seems to be the standard. According to RothIRA.com, only 56% of today’s workers in the U.S. are currently saving money for their retirement, and 38% of those currently saving have less than $10,000 saved. With one-third of Americans admitting that they have no retirement savings at all, it’s clear that many U.S. workers will reach retirement age with little to no resources to count on.

Perspectives Monthly Lifestyle eNewsletter for March, 2019

Being Tax Aware Now, Can Save You A Big Surprise At The End Of The Year!

Hints of Spring are starting to pop up and March Madness is just around the corner and all this can only mean one thing…income tax season is upon us. Whether you are receiving a W2 or 1099 or filling out a Schedule C or a Schedule A, there are a flurry of forms that you are receiving, sending, filling out, and signing for the IRS.

Financial Designations

Have you ever wondered exactly what those initials after a financial professional’s name mean?  You’re definitely not alone. The easy way to tell is to visit the Financial Industry Regulatory Authority, which provides a list of professional designations and what they mean.

Steve's Movie Review

Bohemian Rhapsody – The Reel Life or Just Fantasy? From the opening strains of the 21st Century Fox Fanfare, performed with dynamic flair and composed by Queen members Brian May on guitar and Roger Taylor on drums, the 2 hour and 14 minute production flew by and left me hoping for an encore when the credits began to roll.

It’s Never Too Late to Save

Retirement can sneak up on you.

4 Critical Money Questions You Need to Ask

Having a successful financial strategy that aligns with your life goals and puts you in control involves asking the right questions and examining your views, attitudes, and beliefs about money from a deeper, holistic perspective. These four critical money questions are a good place to start. 

Perspectives Monthly Lifestyle eNewsletter for October, 2018

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