Category Archives: Social Security

Following The Herd Can Leave You Lost During Retirement

Forbes Finance Council Six times more people have died coming down Mount Everest than while climbing Mount Everest. The same can happen as you come down the mountain after retirement. How you distribute wealth, or “disinvest,” is even more important than how you invest. The savings decisions you are making today have far more implications… Read More »

Developing A Retirement Playbbook

Joel Johnson Ever wonder what it might be like to be a retirement “all-star?” To have a plan in place so that you can live the retirement you’ve always wanted, stress-free and confident about your financial future? It all starts with a playbook of important strategies and tools to get you on the road to… Read More »

Seven Crazy Tax Laws Trump Should Change

Robert W. Wood President Elect Trump and Republicans say big tax changes are coming. It’s about time. The U.S. tax code is the most complex in the world, chock full of perks to special interests and social engineering. It is incomprehensible, and often produces unjust results. In 1913, our entire tax law was 27 pages. It’s now over 4 million words, 9,000 bloated… Read More »

Retirement Savings, Investment, and Planning Strategies | Get personal retirement guidance from the financial advisors at Jordan Dechtman Wealth Management in Denver ColoradoWill My Retirement Savings Support Me For 30 Years?

For our clients across Colorado, this is the biggest question they face as they approach retirement. Will your money last, our will you outlast your money? Making decisions about how to save, invest, withdraw, and spend your nest egg has a big impact on your quality of life after you retire. The following article by… Read More »

Your Social Security Checks May Be Lower Than You Think

Amid countless headlines about the projected Social Security shortfall that could necessitate a 23 percent cut in benefits by 2033, seniors are understandably frustrated by Congress’ failure to address the issue. But many future retirees aren’t aware the following factors could also diminish their Social Security income.   (1) In 2016, seniors who begin drawing… Read More »

Financial Benefits of Remarrying

Remarriage among Americans over the age of 55 is on the rise. For many, the financial impact is positive. An Ohio State University study found married people generate 4 percent more wealth per year than singles, accumulating twice the wealth of singles over time.* One obvious reason is the savings achieved by sharing housing, utilities… Read More »

Social Security in 2016

The end of the file and suspend strategy, effective May 1, is this year’s biggest change to Social Security. Individuals under full retirement age will no longer be able to file and suspend payments with the option to later receive a lump sum for the suspended period. And a spouse will not be able to… Read More »

Budget Deal Kills Popular Social Security Strategies

Last week, President Obama signed a two-year federal budget deal into law that included an amendment containing the most significant Social Security reform since 1983. The provision, which abolished two popular strategies used to maximize retirement benefits, could cost some Americans up to $50,000 in reduced lifetime accumulation.   Prior to the legislation, claimants could… Read More »