Social Security Fairness Act: Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) update Many clients have been impacted by two Social Security provisions previously reducing, or even eliminating, Social Security benefits they might have been eligible for if they did not have a government pension. The Social Security Fairness Act, HR 82, concerning the…
I’ve been officially retired for more than two years. During that time, I have been asked numerous times about when to take Social Security retirement benefits. My general response is that it pays to delay receipt of benefits to age 70. After that, there is no incentive to delay other than potential income taxes.…
Welcome to Viewpoints, a monthly bulletin from PDS Planning to our valued clients and friends. Our goal with each issue of Viewpoints is to provide you with a wide variety of perspectives on life and wealth. Feel free to share with others. Economic and Investment News Bits Longest Bull Market (almost): The S&P 500 is…
Welcome to Viewpoints, a monthly bulletin from PDS Planning to our valued clients and friends. Our goal with each issue of Viewpoints is to provide you with a wide variety of perspectives on life and wealth. Feel free to share with others. Economic and Investment News Bits 0% Investment “Return”: For the first time since…
My original intent was to retire when I turned 70. However, as I noted in Part 2 of this series, the realization that “it’s time” bumped up my retirement to this fall, when I turn 67. Thus the mental switch was flipped, then the “Can I afford to retire?” review and decision was made. A…
This is the second in a series of articles on preparing for retirement, in which I consider the question we all ask: “Can I afford to retire?”. Future articles will deal with converting my retirement plan from one of accumulation to one of distribution, health insurance, Social Security planning, investments, eventual downsizing and/or re-locating, and…
