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 […]
Six Smart Things to Do Right Now to Prepare for the Next Downturn
The U.S. bull market has entered uncharted territory – it is now the longest in history and is still marching higher. But this charging bull has to catch its breath someday before resumes its run. Behavioral finance teaches us that it is during these tumultuous times when humans react emotionally (and irrationally). Although we will […]
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, […]
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 […]
How to Boost Your Retirement Security
Today, many Americans’ retirement dreams are dependent upon two crucial incomes: Social Security benefits and personal savings—in tax-qualified retirement accounts, in personal, taxable formats, or a combination of both. As of 2014, the Social Security OASI Trust Fund had over $2.6 trillion in reserves,1 while aggregate retirement assets approached $25 trillion in first quarter of […]
