Archive - June 2022

1
The Impact of Zero Years
2
A Good Reason to Not Convert to Roth
3
As the World Turns
4
Interest Rates, Inflation, and Investment Strategy-Part 1: Understanding Interest Rates
5
Earnings Tests in the Year You Begin Benefits

The Impact of Zero Years

Remember when we talked about how your Social Security Benefit is calculated? Your highest 35 earning years during your career are put into a formula, and the earnings are indexed, then averaged by dividing the result by 420, the number of months in 35 years. And if you have less than 35 years of earnings, those years without earnings are counted as zeros… So, you can guess what might happen when you have years with zero earnings in your record. Naturally your average is going to be reduced (perhaps dramatically) by any year when you had zero earnings. Let’s say you have 35 years of earnings at the maximum amount, which will give you (for 2022) a FRA benefit of $3,262. But if you only had 30 years at the maximum earnings amount, your benefit would be reduced to $3,010, an annual reduction of $3,024. Taking this further, if there […]

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A Good Reason to Not Convert to Roth

Another facet that you might want to think about as you consider whether to convert traditional IRA monies to Roth IRA.

The post A Good Reason to Not Convert to Roth appeared first on Getting Your Financial Ducks In A Row.

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As the World Turns

As the World Turns from Eric Clark In the almost 3 months since I penned my commentary on the Russian invasion of Ukraine, world and market events have continued to swirl.  Some changed, others not.  Some familiar, others not so much.  What remains prevalent, in my opinion, is a level of anxiety tied to the uncertainty all around us.  Anxiety that for some, barely registers a concern as they plow through their daily lives and activities.  But for others, a level of anxiety that might lead to an inability to act.  A preference for the status quo, and the sense of control this static state of affairs might provide.  If I’ve learned anything over the years, it’s that if you remain anchored and reluctant to embrace your surroundings, you might find yourself left behind or irrelevant in ways you could regret.  That’s not to say we should follow the herd, but sometimes it can be helpful to be mindful of the situation and reflect on how to effectively navigate.  Being mindful and reflective seem appropriate when viewing the current state Read on! →

The post As the World Turns appeared first on Clearview Wealth Management.

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Interest Rates, Inflation, and Investment Strategy-Part 1: Understanding Interest Rates

The post Interest Rates, Inflation, and Investment Strategy-Part 1: Understanding Interest Rates appeared first on Yardley Wealth Management, LLC.

Interest Rates, Inflation, and Investment Strategy Part 1: Understanding Interest Rates   At its March…

The post Interest Rates, Inflation, and Investment Strategy-Part 1: Understanding Interest Rates appeared first on Yardley Wealth Management, LLC.

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Earnings Tests in the Year You Begin Benefits

There’s a limit to the earnings you can have while collecting SS before FRA. This article explains how it works when you first begin.

The post Earnings Tests in the Year You Begin Benefits appeared first on Getting Your Financial Ducks In A Row.

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