I should point out, again, that the titles of these blogs are Financial Myths. Especially this one.Conversions from your pre-tax retirement accounts such as: Traditional IRA SEP IRA 401k 403b SIMPLE IRA TSA. etc. must be calculated every year to be sure you don’t bump yourself up into the next tax bracket . . . […]
EVERYONE SHOULD DO ROTH CONVERSIONS Read More »
Well, this is a solid myth, that’s for sure. Smart and ethical CPAs are recommending that their clients not just walk, but sprint away from the Memorandum Deferring Payroll Tax Obligation. Let me preface this by declaring that I’m not an attorney and that all of this is my opinion. But I can read and
MYTH : Trump’s Social Security Tax Holiday Will Help Employers and Their Employees Read More »
This is a solid, proven myth. The only trouble Social Security is in is the same trouble it’s been in since before it was signed into law 84 years ago: ignorant, malicious attacks by self-righteous ideologues. As quoted in Social Security Works: The most important takeaways from the 2019 Trustees Report are that (1) Social
MYTH: Social Security is in Trouble Read More »
Yes, this is a solid, ridiculous myth. Don’t step in it. I feel sorry for Melanie Waddell, the ThinkAdvisor writer, that her editor capped an otherwise laudable article this way. Here is her original piece. The Social Security program’s reserves will be depleted in 2035, with continuing income to the combined trust funds being sufficient
MYTH: Social Security Trust Fund Set to go Bust by 2035 Read More »
This post heading is NOT a myth, for once. Think about common risks in your life and the tactics you use to minimize or avoid them. If you’re trying to lose weight then you burn more calories (read: Exercise) and consume fewer or at least better calories (quality proteins, greens, fruits & oils versus sugars,
THE TWO MOST IMPORTANT FINANCIAL TOOLS FOR 2017 Read More »
Unfortunately, the title of this post is not a myth. What is a myth is AARP’s statement in their 2016 Retirement Guide. I bought one at the grocery store, out of curiosity. In the section on Social Security it is flatly stated that the timing strategies are gone. Wrong! This misstatement will cause gullible retirees to miss
AARP Has Wrong Information About Social Security Claiming Read More »
Ok, this is NOT a myth. These steps come verbatum from the ever-helpful IRS. RS Security Awareness Tax Tip Number 3, December 7, 2015 Español The theft of your identity, especially personal information such as your name, Social Security number, address and children’s names, can be traumatic and frustrating. In this online era, it’s important
Seven Steps for Making Identity Protection Routine Read More »
The title of this post isn’t a myth. It’s true. You can wait until age 62. It’s just a bad idea. If you are 50, you may still have time to start working on an ideal cash flow plan for your 60’s & 70’s. I know. So much can change over 10, 20 years. And a
You Can Wait Until You Are 62 To Plan How to Take Social Security Benefits Read More »
Do you get a lot of emails with the words “trick”, “weird” “secret”, “epic” and so on to the ends of hyperbole & hubris? I do. So I remind you again that the title of this blog- like all my titles -is a big, fat MYTH. There are two moving parts to Social Security benefit
There is One Best Trick for Maximizing Social Security Benefits Read More »