The SSA Announces: No Social Security Increase in 2016
One of the best features of Social Security is the annual cost of living adjustment or COLA. The COLA was created to help seniors keep up with rising costs. This is especially helpful to retirees who depend on Social Security for the majority of their income (note: according to the Social Security...
Kansas Residents May be Entitled to Refund of KC Earnings Tax Paid
Thanks to a recent ruling from Topeka, Kansas residents who work in Kansas City (and pay KC earnings tax) may be eligible for a refund of the KC taxes paid. I am reviewing the recent ruling and will contact any clients who I believe may benefit from it. However, if you are a current tax client and...
Stock Market Update: Don’t Panic!
I sent out an email to my clients today telling them why they shouldn't panic in face of the recent stock market volatility. I"m sure many people are nervous after three large down days in a row, so I thought I'd post a copy of the email I sent out below: Hello, I just wanted to check in...
A Guide to Withdrawing Retirement Assets
A lot is being written about how much money Americans can withdraw from their investments to fund their retirement years. Now, a new research institute launched by Fidelity Investments has outlined the order in which money should be withdrawn from various tax-deferred and taxable investment...
The Importance of an Annual Financial Checkup
It's one of the six steps of the financial planning process. But, oftentimes, it's the one step that gets overlooked. It's the sixth step - the annual financial check-up. The annual financial check-up is indeed the most important of the financial planning steps. And yet, financial planners and...
Common Social Security Retirement Questions
As Baby Boomers are getting closer and closer to retirement, they have many questions about Social Security, such as... Will Social Security be there for me when it's my time to collect benefits? For a long time the media has been telling us that Social Security is going bust. Millions of...