Tag Archives | social security

The Safe Savings Rate

Key Takeaways • Where it all started–the safe withdrawal rate. • My transition to the safe savings rate—the amount of income you need to sock away for retirement. • A comprehensive financial plan is best, but off-the-shelf tools and two popular “rules of thumb” can help. The Safe Withdrawal Rate About 20 years ago, a […]

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Avoiding Social Security Tragedy

At Independence Advisors, I advise clients regularly regarding when and how to begin receiving their Social Security benefits. Although, I don’t tend to be a conspiracy theorist, if I were the latest tragedy occurring with the Social Security Administration (SSA) would set off alarm bells.

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Three Key Insights to Help You Improve Your Investment Results

I have been advising clients about investments for more than 30 years and much has changed in finance since my early days at Kidder Peabody & Co. in Philadelphia. The advances in financial theory and practice have been monumental. One reason for the advances is that cheap computing has made the study of financial data […]

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Social Security Benefits – Look Before You Leap

Key Takeaways The decision of when to begin receiving benefits is a very personal one and there is no “one-size-fits-all” solution. Electing to begin benefits at the earliest age of 62 could mean you will receive 25% less than your full retirement benefit for the rest of your life. Your benefit will increase by 8% […]

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Social Security: How Do I Know When To Begin?

There are many great mysteries in the world.  Some are created by the forces of nature and some are created by our desire as human beings to overcomplicate things.  The rules around receiving Social Security help to create one such mystery. Most individuals approaching age 62 have probably had the thought:  “Should I just take […]

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“Now that I’m Retiring – How do I plan for distribution?”

Your retirement:  How  far into the future should I plan? The good news is that, statistically, you’re going to live for a long time.  The bad news is that, statistically, you’re going to live for a long time.  The average 65-year-old American can expect to live for over 19.2 additional years. (Source: National Vital Statistics Reports, […]

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Should You Delay Your Social Security Retirement Benefit?

Social Security benefits are a major source of retirement income for many people. When you begin taking Social Security greatly affects the size of your benefit. Your Social Security retirement benefit is based on the number of years you’ve been working and the amount you’ve earned. When you become entitled to retirement benefits at age […]

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