Author - Eric J. McClain, CFP®

1
What Long-Term Effects Can We Expect From the Japan Earthquake?
2
Should You Reset Your Social Security Benefits?

What Long-Term Effects Can We Expect From the Japan Earthquake?

Our thoughts and prayers are with the people of Japan as they continue dealing with the earthquake and tsunami after effects.

The  Tōhoku earthquake and tsunami caused significant destruction in Northern Japan while the on-going nuclear crisis threatens wide environmental contamination. Because the news situation is fluid, we’ve restricted our comments to longer-term observations and how it may affect the global economy.

1. U.S. Treasury yields increase

Because of the 2008 financial crisis, treasury yields are historically low. With Japan being pushed in to the global debt market to refinance rebuilding, upward pressure on treasury yields will increase.

2. Reduced

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Should You Reset Your Social Security Benefits?

You may have recently heard about how you can reset your Social Security benefits. Here’s how it works:

  1. You stop your benefit payment
  2. Pay back all you received
  3. Receive a higher benefit when you resume payments.

Social Security has proposed doing away with this option. So you’ll need to consider your options now.

Generally you may begin Social Security payments at age 62 for a reduced benefit relative to your “normal” retirement age. Delaying past 62, perhaps all the way to age 70, yields a higher monthly payment for the rest of your life. If you live long enough, you …

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