Episode 10 - Financial Workshops Part 1: Maximizing Your Social Security Marc Bautis’ newest series covers content from the financial planning workshops that he and his team put on in North Jersey. In this first part, Marc teaches you how to maximize your Social Security benefit and he
How to Calculate Health Care Expenses in Retirement
How to Calculate Health Care Expenses in Retirement by Victoria Finlay Health care is a major concern for people as they get older. The unanswered question of whether or not you will be able to afford your health care expenses can be unnerving. In the blink of an eye your life changes from
Budgeting In Retirement: Health Care Spending Projection
When it comes to budgeting most think that it is a useful exercise for twenty and thirty year olds looking to get out of debt, or to improve their spending habits. It's good for everyone to have a spending plan, but essential for retirees looking to figure out how much income they are going to need
Thinking about retiring early? Be sure you have thought about these things…
Healthcare costs and length of life - be sure you have thought long and hard about these two very real issues facing current and future retirees. People are living longer than they ever have before and with the cost of healthcare around $1,200-$1,800 a month, retiring early may be much trickier than
2016 Year End Financial Planning
Every year I send out a checklist to try to put the focus on some areas - like taxes, investments, health care, insurance, and retirement that may need attention before the end of the year. In this article I wanted to highlight an item or two from each area of the checklist and why it could be
Last Chance To Take Advantage Of These Social Security Claiming Strategies Before They Are Gone
As part of the Budget Act of 2015, two popular Social Security claiming strategies, "File and Suspend" and "Claim Now, Claim More Later", will not longer be allowed. For anyone who is 66 or older they have until April 29, 2016 to decide if they would like to utilize one of the two
Social Security: Taxes and The Earnings Test
I hosted a great workshop yesterday on Social Security Planning at the Leonia Public Library with over 25 people in attendance. Two questions I get at almost every workshop are about the Earnings Test, and how Social Security benefits are taxed. Here is an explanation of those two concepts. How
Maximize Your Social Security Paycheck
BMO Private Bank recently ran a study on retirees collecting Social Security benefits and concluded that 64% of retirees start collecting their benefit without considering how their benefits may be changed by waiting to file or by implementing various spousal benefit claiming strategies. By failing