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When Should I Start Taking Social Security?
This might be the most common retirement planning question we get — and one of the most impactful. There are many variables to consider but the most important, and maybe the simplest to understand, is your expected longevity. At its core, Social Security is a supplemental income to help support living during retirement. The monthly benefit continues to grow 8% per year until age 70 where it hits its maximum and then continues for the rest of your life.
Is Cognitive Bias Impacting Your Decision Making?
A number of years ago I read Richard Thaler and Cass Sunstein’s book, Nudge: Improving Decisions About Health, Wealth, and Happiness. The book, first published in 2009, argues that individuals often make poor, sub-optimal decisions due to cognitive and behavioral biases.
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Posted in May 2023, this article guides you through SECURE Act 2.0 and how it stands to impact retirement.