You owe federal income tax wherever you live. But your overall tax burden can vary dramatically depending on where you live. Read on to learn more. Best Places to Retire: State Taxation … [Read more...] about Best Places to Retire: State Taxation
While you may have to prioritize things that are taking place in the present it is also important to keep an eye on the future. The baseball manager Dusty Baker is credited with saying "The measure of intelligence is the ability to hold multiple thoughts in mind at the same time (or something to that effect)." This ability comes in handy on a financial planning level. As you are looking forward toward the future and setting a retirement date one of the things that you need to know is your age … [Read more...] about Social Security & Medicare: When Will I Be Eligible?
When you are planning for retirement you must know the basics about Social Security, and with this in mind we would like to look at three of the most frequently asked questions. Where do I submit my application? Back in the day before the advent of the Internet the way that you would apply would be to go down to the office if you were capable of doing so. This is still an option for you if you prefer face-to-face interactions. However, the Social Security Administration website is set up to … [Read more...] about Three Frequently Asked Social Security Questions
Planning for retirement is essential for serious minded individuals who want to be able to stop working someday. It is not easy to pay your way for perhaps 20 years or more without working. Most people are going to have to exercise financial discipline throughout their lives to reach their goals. Simply relying on Social Security to provide you with retirement income is not going to do the trick. At the time of this writing the average payout is just under $1240 per month, and this is certainly … [Read more...] about Social Security Payouts Rising Slightly in 2013
Effective retirement planning will involve having a firm understanding of the Social Security program. Most people will rely on Social Security to one extent or another so you have to know how much you can expect to receive when you do become eligible for the program. Up until last year this information was made available to everyone on an annual basis via a Social Security statement that was sent out in the mail. Imagine the administrative expenses involved in preparing and sending out tens … [Read more...] about SSA Cost Cutting Includes Paperless Mandate