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Category: Retirement Planning

Retirement Planning

How Taxes Are Determined on Social Security

Social Security income is taxed the same for both retirement and disability benefits. Determining how much tax one pays on Social Security income is done with a formula which provides some great tax planning opportunities. You have to understand that when Social Security first started out all retirement income benefits

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Social Security Earnings Test : How Earnings Affect Benefits
Retirement Planning

Social Security Earnings Test : How Earnings Affect Benefits

If you decide to take Social Security retirement income before you reach Full Retirement Age and you plan to continue working, you need to understand the Social Security Earnings Test. This Earnings Test impacts your benefits AND the benefits of your beneficiaries (like spouses and children) who receive benefits based

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Retirement Planning

Social Security: The Perfect Investment Hedge

Social Security retirement income provides a lifetime income and has tax, inflation and survivorship benefits no other income stream has available. Social Security performs well under all economic conditions but it performs best at times when investment portfolios may perform worst These are during periods of high inflation, high tax

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Retirement Planning

When Should an Individual Start Their Social Security Retirement Income?

Taking it early means cash flow now while delaying can provide you with higher future income benefits.  For an individual with no dependents the decision is less cumbersome than it is for a couple but still there are a number of factors to consider. Generally, the three main factors one needs to consider when

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How Couples Can Get Maximum Benefit From Social Security
Retirement Planning

How Couples Can Get Maximum Benefit From Social Security

When making decisions regarding Social Security retirement income, couples not only need to consider life expectancy and break-even analysis, which is complex enough on their own, but they also need to consider how their benefits are shared between themselves along with potential survivorship benefits. Couples have more factors to consider than a single individual

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Determining Break Even on Social Security Income
Retirement Planning

Determining Break Even on Social Security Income

The factors you should be looking at when considering how long it will take you to break-even when you wait to take Social Security retirement are more involved than you may think. First of all, the decision of whether or not to take social security benefits as early as possible,

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employee compensation plan

Trusts Used To Hold Funds For SERP Benefits

There are two types of trusts used to hold money used to fund Supplemental Executive Retirement Plans. Although any business involves a level of risk, small businesses generally expose their owners to an increased risk level. It is the uncertainty of business that renders many nonqualified retirement plans such as

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employee compensation plan

SERP Funding – Life, Disability and Critical Illness Insurance.

Using insurance such as cash value life insurance, disability insurance and even critical illness insurance can provide your key employee with the compensation they desire in order to stay with your firm. A SERP is sometimes categorized as a deferred compensation plan. However, unlike a true deferred compensation plan under

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Financial Planning

SERPs – What Are Supplemental Executive Retirement Plans?

A Supplemental Executive Retirement Plan (SERP) is a non-qualified retirement plan allowing a business to provide additional (supplemental) retirement benefits to select key employees in order to recruit, retain and reward them. Here is how they work. A business has an employee (or group of employees typically key executives) they want to

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