Archive for June 2018
Strategies for Optimal Social Security Payouts
Social Security benefits are typically synonymous with retirement income. It would be inefficient to create a retirement plan without first estimating how much you will receive from the government.1Â According to a 2018 report, Social Security benefits represent approximately:2 33% of elderly income 50% or more of income for about half of elderly married couples At…
Read MoreConsider Having a Backup Plan
When looking ahead in anticipation of Social Security benefits, many people expect to wait until an average age of 66 to make a claim.1 However, Nationwide Retirement Institute’s fifth annual Social Security survey found many retirees start drawing Social Security at the earliest possible age of 622 — frequently the result of being laid off or…
Read MoreThe Income Gap and the Economy
The income gap between the wealthy and the poor is widening in the U.S.1Â Why does that matter? Because there are studies that indicate a wide swathe of income differentiation is not good for economic growth. In the years following the Great Recession, we often heard how slowly the economy was recovering. That was true for…
Read MorePros and Cons: Fewer Regulations in the U.S.
One of the current administration’s persistent themes has been deregulation — cutting through the red tape in the rules of doing business. In one instance, Donald Trump was filmed standing beside mounds of paperwork to symbolize the amount of regulation the government has implemented since 1960.1 Perhaps the same can be said for the paperwork…
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