BEFORE RETIREMENT A percentage of earnings is paid to Social Security throughout your working years Only the top 35 earning years (not consecutive) will be included Any years with no income will be recorded as zeros CALCULATING YOUR BENEFITS There are three factors in determining your Social Security benefits: Your Birth Year Click here to […]
Social Security Primer
Eight Ways to Give
1. DONATE TIME Do you enjoy cooking? Are you good with computers? Do you care about music or sports? Call up your favorite charities and see what use they might have for your particular skill set. Or if you’re passionate about a certain charity – ask them where they need help – they can help […]
Simple and Smart Year-End Planning Moves
This blogpost was originally published in September of 2016. Relevant information has been updated for 2018. The “relatively” quiet period between Thanksgiving and Christmas is a perfect time to do some last-minute year-end planning, particularly those that have an expiration date of December 31. Income Tax Mitigation By this time of the year, you should have […]
Summa Global is Turning 10!
Check out how we’ve grown in the past 10 years!
Risk and Diversification – Understanding Risk and Why It’s Important
Every day we take risks. For “adrenaline junkies” it may mean jumping out of an airplane at 10,000 feet, riding the steepest roller coaster in the world, or swimming with sharks. But even those of us who are more risk-averse take some risks – like driving a car or playing sports. Approximately fourteen auto-related accidents[1] […]
Time Value of Money – The Single Most Important Key to Successful Investing
Are you worried about not having enough for retirement? Are you constantly checking the stock market, searching for the next “Amazon” or “Netflix,” or concerned that another economic recession is around the corner? These anxieties often lead to excessive and unnecessary trading (portfolio rebalancing), questioning of your financial future and the path you are on, […]
Budgeting – Why Is My Take-Home Pay So Much Less Than My Salary?
The third topic in our InsomniaCure Financial Education Rx Series is Budgeting. The first step in budgeting is knowing your income. Yet, it could be misleading to build your budget with “gross” pay, thanks to the various deductions from your paycheck before you receive it. What are these deductions? Some are mandatory while others are voluntary. Take […]
What Investors Can Learn from the World Cup
Congratulations to France! Now that the World Cup has come and gone, soccer fans around the world have to patiently wait another four years for the festivities. To many, soccer is merely a game. However, like many sports, profound lessons can be learned that transcend the game itself. We have summarized a few experts’ views […]
Retirement Planning – Understanding the Most Popular Workplace Retirement Plans
The second topic in our InsomniaCure Financial Education Rx Series is Retirement Planning 101, which broadly covers popular types of retirement plans and how each plan works. Note: As of 2019, individuals may contribute $6,000 annually to their IRA, up from the amount ($5,500) at the publishing of this article. View other posts in the […]