The shovel to social security

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The shovel to social security

[Video] When do I get social security benefits?

by Trevore Meyer, Financial Design Studio, Inc.

The next question for many of our clients who are at the end of their careers is when will I get social security benefits? You have continuously contributed to social security throughout your career. It makes sense to maximize the available benefits that you could get. That way, you don’t have to rely nearly as heavily on your external savings.

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Understand the social security tax torpedo and what to do about it

by Massi De Santis, Desmo Wealth Advisors, LLC

Don’t worry, we’re not talking about the chances of a Social Security Fund explosion. We are talking about the interaction between social security taxation and other sources of income and the potentially high tax rates that result.

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Social security: some questions and answers about benefits

from Philip WhiteApprove Wealth Management

Social security benefits are an important part of any financial plan. Yes, there are concerns that the system may run out of money. The social security trust funds are expected to default in 2035, according to the program’s trustees. This could lead to reductions in benefits or an increase in the retirement age – the full retirement age is 67 for those born in 1960 or later.

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The SS hedge

by Craig Joncas, Penobscot’s financial advisor

Given the uncertainty in the markets and the economy, asset managers try to hedge against undesirable risks whenever possible. They … um, WE … focus on areas where we can add value through smart decisions. with all the analysis tools that we have at our side. Sure, we get paid to take risks, but we want to be smart.

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Beware of the social security tax torpedo!

by Craig Joncas, Penobscot’s financial advisor

If you are at all familiar with federal programs and taxes, I hope you have chosen c without hesitation. Tax questions are never so short and dry that they can be answered with a simple “yes” or “no” which is somewhat random as this would be a very short blog post if they were!

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Following financial advisor blogs is a great way to access valuable, educational information about finance – and it won’t cost you anything! Our financial planners are happy to share their knowledge and help everyone, regardless of age or wealth.



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