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Social Security Earnings Test : How Earnings Affect Benefits

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 on your work history. Full […]

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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 environments and when the retiree […]

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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 deciding when to take Social […]

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How Couples Can Get Maximum Benefit From Social Security

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 when it comes to Social […]

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Determining Break Even on Social Security Income

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, the month you turn 62, […]

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Supplement Executive Retirement Plans – Advantages and Disadvantages

Supplemental Executive Retirement Plans (SERPs) have advantages and disadvantages to consider when determining if they are the right solution for an organization. The advantages to an employer of establishing and using a Supplemental Executive Retirement Plan include the following: The plan provides “golden handcuffs” because benefits are forfeitable by the employee in the event of […]

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When Does an Executive Receive SERP Benefits?

Supplemental Executive Retirement Plan (SERP) benefits are typically paid out to the executive when one of three events occur. The three events are: The participating executive retires At the death of the executive to their beneficiaries. The participating executive becomes disabled The methods how SERP benefits can be paid depends which situation requires their payment. Funding Benefits at the […]

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Requirements to Avoid Current Taxation of SERP Benefits to the Executive

A business setting up a SERP may want to avoid current taxation of the SERP benefits to the executive. An important characteristic of SERPs is that they avoid current taxation of SERP benefits to the executive until the benefits are actually received by the him or her. However, to ensure deferred (rather than current) taxation of the […]

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