Archive - October 23, 2012

1
Selecting Investments In Your 401(k)
2
How Would An Extra $124,342 Suit You In Retirement?
3
Open Enrollment For Medicare Part C & D
4
Factors To Take Into Account When Planning Social Security Filing

Selecting Investments In Your 401(k)

Selecting investments in your 401(k) can be a daunting task.  Many people have 401(k) plans through their employer, yet very few of them have ever received education or recommendations on how to invest within their retirement account. Although retirement accounts are a great tax saving vehicle, it is important that you take an active role in managing your 401(k) to be sure you are setting yourself up for retirement success.

Many times, 401(k)’s will offer a limited number of investment options. Some companies will offer employer stock in additional to a handful of mutual funds. Other 401(k)’s have a brokerage …

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How Would An Extra $124,342 Suit You In Retirement?

I have written in the past regarding the benefits of delaying Social Security benefits for your investment portfolio. I recently came across another post that indicates that a proper strategy of delaying Social Security could result in extra income for a married couple of $124,342 over their lifetimes. The research looked at the benefits for a single woman, a single man, and a married couple. In all cases they compared the strategy of taking Social Security at age 62 (the earliest most can claim a benefit) versus delaying the benefit until age 69 or 70. In all cases, the income …

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Open Enrollment For Medicare Part C & D

For those eligible for Medicare, it’s time to shop around as the open enrollment period for Medicare Advantage (Part C) and Medicare Prescription Drug Coverage (Part D) started October 15 and runs through December 7, 2012.

Why shop around? Like any other insurance policy that renews annually, it’s important to see if your current options still best fit your needs. For example, what may have been the most efficiently priced policy last year could be significantly higher this year. Pricing for most Medicare Advantage Plans are expected to increase moderately this coming this year. However many Medicare Part D Plans …

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Factors To Take Into Account When Planning Social Security Filing

As with the overall process of planning for retirement income, there are certain important factors external to Social Security benefits that you need to take into account while planning when to file for benefits.  In the list below I will detail some of these factors and why they are important to the process.

Important Factors When Planning Social Security Filing

Pension income.  Pension income must be considered with special care when planning your Social Security filing strategy.  Often, pensions will increase in value up to a certain age of commencement and then there are no increases after that age.  Coordinating …

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