Social Security benefits should be one part of a broader retirement plan. As such, you will want to consider how these benefits supplement other sources of retirement income that you may receive from 401 K’s, individual retirement accounts or other retirement saving plans. Getting a complete Financial picture can help you determine when it’s appropriate and or necessary for you to start to claim your Social Security benefits.
“This is the IRS and you owe taxes. Unless you pay RIGHT NOW with iTunes Gift cards we are going to come and take you to jail”
Sounds ludicrous, yet thousands of people have lost millions of dollars and their personal information to tax scams. Scammers use the regular mail, telephone, or email to set up individuals, businesses, payroll and tax professionals.
The IRS DOES NOT INITIATE CONTACT with TAXPAYERS. They do not use social media, email or text messages.
With just about six weeks left before the April filing deadline, the scammers and crooks are out in full force. The scammers are getting better by the day and have created many new angles to steal your money.
My grandmother Mamaw always collected S & H Green Stamps when she went shopping. Green Stamps were an early reward and loyalty program. Customers would receive stamps at the checkout counter of supermarkets, department stores, and gasoline stations among other retailers, which could be redeemed for products in the S&H Green Stamp’s store catalog.
She might not appreciate ordering a Venti Non-Fat two equal extra hot café latte at Starbucks, however, she would understand using the Starbucks App on her smartphone and collecting Stars to get free drinks.
I am sure that Mamaw would find ways to shop online and save money.
That’s not fair!” – How many times have you heard that cry from a child?
I created a “dadism” about that years ago. I would reply, “I know, life’s not fair then you die.”
Every day since the announcement of the proposed tax legislation, there are many variations of this reply to the elimination of the deduction for State and Local Income Taxes, Property Tax, and Sales Tax.
Those losing the deduction are the people that have been subsidized by nearly two-thirds of Americans. The renters are the ones that should be crying out that it is not fair.
How many times do we say to our children “don’t do that”?
Overwhelmingly we focus on the “don’t” versus the “do”.
I want to share with you a do that is important in your investing and your financial life.
It’s something you can do immediately and change how you approach investing (for the better) and it is deceptively simple.
Turn down the noise in your life, especially the short-term noise.
We are being bombarded by the news – both real and fake!
Top conversations over the last 30 days with clients, friends, and family?
- Is the stock market overpriced?
- Will the North Koreans launch another missile?
- Obamacare Repeal – will they, or won’t they?
- Will they kneel or not?
- Michael, what are you doing about the Equifax thing?
If we were playing Family Feud, then the top answer would be “The Equifax Thing”.