Tag: Social Security

COLA

Social Security Increase and Taxes

Beginning January 2023, Social Security checks will increase a whopping 8.7%! This is the largest increase in 41 years… and comes on the heels of a 5.9% raise in 2022. To top that off, Medicare premiums will actually decrease a small amount in 2023. This is great news, but beware! Uncle Sam may think it’s…
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November 1, 2022 0
Worried

When Should I Take My Social Security?

You were probably hoping to click on this article and finally get a straight and simple answer…And looking to your friends and relatives, you think you know the answer already.  Over 80% of the people eligible to start taking Social Security file their claim before their Full Retirement Age (which is most commonly age 67).1…
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September 2, 2022 0
Taxes

Paying Taxes on Your Terms

Did you know you can often choose when to pay tax? By default, you can often choose how much you will pay. There is no trick or “gotcha.” It is simply a result of understanding how taxes work for or against your situation. “The hardest thing to understand in the world is income tax.” —Albert…
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March 14, 2022 0
Saving

Have You Saved Enough for Retirement?

The number one fear in retirement is – you guessed it! – running out of money. You have relied on your personal income your entire adult career… but you also had the ability to control it, stabilize it, and even change it. You held the power. You determined what you were worth. Yet when you…
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June 7, 2021 0
Questions

10 Financial Questions Everyone Over 60 Should Ask

Did you realize that reactive and creative are an anagram? We’ve realized that far too many people fail to ask the “right” questions regarding their unique situations. The result: reactive. We encourage you to spend a little time being creative so you don’t have to be reactive. You can begin by asking these 10 questions:…
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September 1, 2020 0

Securities offered through Calton & Associates, Inc. member FINRA and SIPC, a Registered Investment Adviser. Investment advisory services offered through Smart Money Group, LLC, a Registered Investment Adviser. Smart Money Group, LLC and Kennedy Financial Services, Inc. are not owned or controlled by Calton & Associates, Inc.