Monday, March 18, 2013

Start Social Security early or not?

Early dip into Social Security has pros, cons

Article Excerpt: "...Starting Social Security early comes with a penalty. Suppose that at age 66 you’re scheduled to receive $1,000 in monthly benefits. If you were to start drawing them at 62, your monthly benefit would be reduced by 25 percent, to $750, where it would remain as long as you draw benefits...."



Resource: www.spokesman.com

Wednesday, March 13, 2013

Saving Social Security: A plan that makes sense

Lynch Calls For Raising Social Security Tax Cap

Article Excerpt: "...U.S. Rep. and Democratic senatorial candidate Stephen Lynch says the income cap on Social Security contributions should be raised at a faster pace to help keep the retirement system solvent...."



Resource: www.wbur.org

Social Security Tax Cap

Saturday, March 2, 2013

What are your retirement options?

Saving for Retirement: What are My Options?

Article Excerpt: "...TSP, IRA, 401(k), Roth TSP: what do all these acronyms mean and what do they have to do with my money..."



Resource: www.dodlive.mil