This is the final installment in our four part series on Social Security (if you have not read the previous blogs, here are the links to part 1, part 2, and part 3). We’ve talked about the numbers, and it’s clear that waiting as long as possible to claim Social Security will generate the greatest monthly benefit; but not… Read more »
In response to the pandemic, the Federal Reserve has forced interest rates to their lowest level in history. 10-Year Treasury bonds currently pay just 0.60%. Money market accounts pay next to nothing. With yields so anemic, investors (and savers) have looked elsewhere for better returns, and instead, pushed money into high-growth stocks such as Amazon… Read more »
How your accounts are titled will determine whether they will be transferred through the costly and time consuming process of probate upon your death. Probate is the process of authenticating the Last Will and Testament, paying the final bills and taxes, and distributing the remainder of the estate to the listed beneficiaries. Proper account… Read more »
It should come as no surprise to most readers that the U.S. Government has been on a multidecade debt binge. The fact that Congress has had to provide massive stimulus programs during the Financial Crisis of 2008, as well as the Covid-19 pandemic, may obscure the fact that the road to deficit spending began decades… Read more »
Last week, we talked about the ways Social Security disincentives beneficiaries from claiming benefits early. But when is the best time to commence benefits? Examining the breakeven point for delaying benefits versus your life expectancy may provide some clues. Breakeven Point At what age will you break even and come out ahead if you… Read more »
The Buffalo News’ Jerry Zremski spoke with Tony Ogorek about the payroll tax deferral aspect of President Trump’s executive orders. Republicans and Democrats have opposed Trump’s idea, simply because it directs a relatively small tax cut to people who aren’t suffering the worst from the economic crisis. Read the Article
What good is time without money? Many soon to be retirees are finding out that fact. Unfortunately, an overwhelming number of retiree’s have inadequate retirement savings, with 60% by some estimates, relying on Social Security as their primary income source during retirement. The Social Security Administration incentivizes beneficiaries to delay claiming benefits prior to… Read more »
The program sounds like something from a James Bond movie. Instead, Operation Warp Speed (OWS) is a newly created government program that gives billions of dollars to pharmaceutical companies in the hopes of accelerating development of a COVID-19 vaccine by year-end or shortly thereafter. This is an extremely aggressive timeline with no assurance it can… Read more »
In Western New York, things undoubtedly feel better. Restaurants are opening, little league teams are playing baseball and infection rates remain very low. But that is not the case elsewhere in the country. Many southern states (Florida, Texas, Arizona, etc.) are seeing huge spikes in infection rates, leading to new lockdown measures. So how does… Read more »
