By Eve Kaplan, CFP® Practitioner New data show the powerful positive financial impact of delaying retirement by even just a few months. Postponing retirement even by a month – for some – can equal or exceed the positive impact of saving more each year for 10 years while working. This is great news especially for […]
Category: Social Security Benefits
Social Security: Don’t Make These Three Mistakes
By Eve Kaplan, Certified Financial Planner ™ Social Security has been around for decades and it’s not about to disappear. Why? Social Security is not an “entitlement” (gift) – it’s a forced savings scheme that Americans pay into in their working years in order to secure a pension for life. Ideally, Social Security shouldn’t be […]
Getting Real About Retirement – Will You Have Enough Money to Remain Comfortable?
By Eve Kaplan, Certified Financial Planner™ Let’s get real about retirement. Will you have enough to remain comfortable in retirement for 30 years or more? Studies show this is a recurring fear many Americans feel. As a Fee-Only financial advisor, my number one priority is to confront this fear and help my clients retain enough […]
How to Navigate the Pending Retirement Crisis
By Eve Kaplan, CFP® Are you tired of hearing about the pending retirement crisis –because you’ve heard about it so much, it’s boring and you think it doesn’t apply to you? You might be in your 70s or 80s before you realize all that “yadda yadda” about “planning” and “saving” actually did apply to you […]
Big Changes in Social Security Headed Your Way
by Eve Kaplan, CFP(R) There are big changes in Social Security benefits headed your way. Congress surprised the financial advisory community in November 2015 by killing off two Social Security strategies many of us advisors utilized to maximize benefits for our married couple clients: 1) “file-and suspend” and 2) “restricted application.” Couples most affected by […]
Five Easy Pieces of Financial Advice for Baby Boomers
by Eve Kaplan, CFP(R) Professional Here are “Five Easy Pieces”* of advice to improve your Baby Boomer financial life. By “easy,” I mean “the vast beneficial outcome is worth the initial effort.” You’re a Baby Boomer if you were born between 1946 (you’re now 69 or 70) and 1964 (you’re now 51 or 52). The […]
Will You Be Caught Flat-Footed by the “New Retirement”?!
by Eve Kaplan, Certified Financial Planner(R) Will you be caught flat-footed by the “new retirement”? This “new retirement” looks nothing like your parents’ and grandparents’ retirement. The “new retirement” is a very mixed bag – there’s good news, bad news and elements of unpredictability. First, the good news. People are living longer than ever and are […]
Don’t Leave Your (Social Security) $$ on the Table!
By Eve Kaplan, CFP Social Security has a Rodney Dangerfield problem because it just doesn’t get the respect it deserves. Not only is it a great risk-free, cost-free inflating annuity for life, but married couples have additional ways to increase benefits. I’m talking about the often-overlooked “spousal benefit” that may add thousands of dollars in […]