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TOPIC | Retirement Planning
Mom is 53 But Looks 25
53yr Old Mom publishes 1 simple wrinkle trick that has angered doctors.
www.ConsumerLifestyleMag.com
53yr Old Mom publishes 1 simple wrinkle trick that has angered doctors.
www.ConsumerLifestyleMag.com
Gambling with Social Security
Published: Mon, May 21, 2012
I find it rather curious that baby boomers, many of whom, in their youth, decried the accumulation of wealth and the materialism of their parents, are the first generation in history to regard Social Security not as the safety net it was intended to be but rather as a pot of gravy to pour over their already meaty... Read More
When you punish oil 'barons,' you hurt everyday Americans
Published: Thu, May 10, 2012
TWENTY-ONE years after “Dallas” ended its 13-year run on CBS, the myth of the malevolent oil baron lives on. Just ask President Barack Obama. He doesn't call out any real-world J.R. Ewings by name in demonizing oil companies and their earnings. But Obama is more than happy to rerun episodes with class warfare... Read More
Former Edmond church worker accused of theft
Updated: Wed, May 2, 2012
Chalea B. Crow, of Edmond, is accused of embezzling money from Highland Park Baptist Church when she worked between January 2011 and March. Read More
When to take your Social Security -- a new fact sheet
Published: Mon, Apr 23, 2012
Well, dear readers: do you want the good news ... or the bad news?
Let me get the bad news out of the way first. I've been working on a new fact sheet for my readers (that's actually the good news -- but more about that in a minute); and as part of my research, I've discovered that I haven't been completely clear... Read More
More SSI clarification
Published: Mon, Apr 16, 2012
Q: I read your article explaining that SSI is not a Social Security benefit and is not paid for out of Social Security taxes. But I'm still confused.
What is the difference between Social Security disability and SSI disability? And how are they different from regular Social Security?
A. I'm always puzzled when... Read More
The average Joe doesn't need a trust
Published: Mon, Apr 16, 2012
DEAR BRUCE: Can you tell me the difference between having a will and having a living trust? What would an attorney's approximate cost be for preparing a trust?
A friend claims that a trust is a "must." My present will would not protect my assetsif my wife and I had an accident and were killed. What is your... Read More
Maximum payout impacts benefits to a retiree's family
Published: Mon, Apr 9, 2012
Q: I am 67 years old. I took my Social Security at age 66. I have a 17-year-old son, a 14-year-old daughter and a 57-year-old wife. All three of them are getting benefits as dependents on my account.
The Social Security office told me that my kids will keep getting checks until age 19. And my wife will get Social... Read More
Agency checkup nothing to fear
Published: Mon, Mar 26, 2012
Q: I am a certified public accountant. One of my clients, who signed up for his Social Security about a year ago, just got a letter from Social Security's "Office of Quality Assurance."
The people there want to redo his claim for benefits. And they are asking him to bring in his military discharge papers (he was... Read More
Market doesn't deserve its bad reputation
Published: Mon, Mar 19, 2012
DEAR BRUCE: I have been a longtime listener of your show and have tremendous respect for your opinion.
I am in my early 40s. My wife lost her job over a year ago, which has put an added strain on our finances. She was making more than $120,000 a year. We both worked for the same engineering company for more than... Read More
Business owner gets lucky
Published: Mon, Mar 5, 2012
Q: My wife and I own a dry cleaning business. I am about to turn 62 and want to start my Social Security. So we plan to put the business in my wife's name. I will draw a small salary — about $14,000, just enough to stay under the Social Security earnings limit.
The rest of the business income will go under my... Read More
What's best for Mom in a Mom-and-Pop business?
Published: Mon, Feb 27, 2012
Q: My wife and I are in our 30s. We're partners in a business that nets us about $80,000 per year. What's the best way to report our income on our tax returns to maximize our Social Security benefits?
A: Even though you're asking about your future Social Security benefits, I don't like giving tax advice because... Read More
Geezers and floozies
Published: Mon, Feb 6, 2012
Q: I'm part of a group of old geezers who gets together every week at the local coffee place. Social Security is a frequent topic of conversation. At our last meeting, the subject of benefits for divorcees came up.
One of our geezers was married to his first wife for 16 years and to his second wife for 30 years.... Read More
Social Security's most misunderstood rule
Published: Mon, Jan 30, 2012
Regular readers of my column know that over the years, I've dealt with many misunderstandings that people have about their Social Security benefits.
In fact, I just wrote a column a couple of weeks ago that dealt with many of these misconceptions. But I can tell from the hundreds of emails I've received as a... Read More
Don't feel obligated to save for the grandkids
Updated: Mon, Jan 23, 2012
DEAR BRUCE: I am an almost 69-year-old woman who is retired from a school system for five years. However, I still work for a chain pharmacy part time. I love the work and have a small 401(k) benefit that I continue to contribute to, and I wish to invest for my grandchildren's future. What is the best way to roll... Read More
How to get your affairs in order
Published: Mon, Jan 16, 2012
Dear Savvy Senior:
I would like to get my personal and financial information organized so my kids will know what’s going on when I die. Any tips would be appreciated.
-- Overwhelmed Senior
Dear Overwhelmed:
Organizing your important papers and personal information is a smart move and a great gift to your... Read More
How to get financial and retirement advice on a budget
Published: Mon, Jan 2, 2012
Dear Savvy Senior:
Can you recommend any resources that provide affordable one-shot financial advice for folks on a budget? I’m about six years from retirement and would like a quick financial checkup and get a few questions answered, but I don’t want to pay an ongoing financial advisor to manage my money.... Read More
Social Security is just one part of the global economy
Published: Mon, Jan 2, 2012
Q: I'll bet you got a lot of hate mail from readers after you printed the column in which you explained that a Canadian citizen could get American Social Security benefits — even if she moves back to Canada.
Is it any wonder our Social Security system is in such trouble if we're sending all of our hard-earned... Read More
How much do you need to retire?
Published: Tue, Dec 20, 2011
Dear Savvy Senior:
Is there an easy way to figure out how much savings a person needs to retire? I’m 52 years old – about 10 years from when I would like to retire – and I want to see where I stand.
-- Planning Ahead
Dear Planning:
How much money you need to retire comfortably is a great question that all... Read More
No need to 'register' with Social Security
Published: Mon, Dec 5, 2011
Q: I will be 65 in February 2012. I'm still working and plan to keep working until I'm 70. A friend told me that I have to register with the Social Security Administration three months before my 65th birthday even though I don't plan to take my Social Security yet. Is this true?
A: There really is no such thing as... Read More
No rush to file for Social Security benefits
Published: Tue, Nov 29, 2011
Q: I plan to start my Social Security when I turn 65 in January 2012. When and how should I file? What documents will I need?
A: The Social Security Administration usually tells people to file three months before they want their retirement benefits to begin. So you could start the ball rolling any time now. But you... Read More
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