March 31, 2016
WHEN SHOULD I START DRAWING SOCIAL SECURITY?

When Should I Start Drawing Social Security?

You may be eligible to start drawing Social Security as soon as you turn 62, but this doesn’t mean you necessarily should. By waiting a few years, you will get a higher monthly payment and potentially more total income. So how do you decide? If you need Social Security to get by, then the decision is easy: take it when you can. If you’re in the much happier situation where your family is earning good money without Social Security benefits (say your spouse is working a well-compensated job), then the decision is also fairly easy. Your Social Security, in this case, is going to be pretty heavily taxed, so don’t take it yet. But if all you care about is drawing the most Social Security you can before you die, the calculation is fairly simple: Let’s say you’re eligible to draw $1,100 a month when you turn 62, but you would get $1,500 a month when you turn 67. In this case, by starting at 62 you would make $66,000 before you reach 67 (that is, $1,100 a month multiplied by 60 months). On the other hand, you will make $400 a month more by starting at 67. So how long […]
March 29, 2016
Q4 GDP Revised Upward by Strong Consumer Spending

Q4 GDP Revised Upward by Strong Consumer Spending

Q4 GDP Revised Upward by Strong Consumer Spending WEEKLY UPDATE – MARCH 28, 2016 Stocks ended the holiday-shortened week down, snapping their five-week winning streak. However, losses were mild amid low trading volume before the Easter weekend. For the week, the S&P 500 lost 0.67%, the Dow fell 0.49%, and the NASDAQ dropped 0.46%.[1] Last week’s economic calendar was highlighted by the third estimate of fourth-quarter 2015 economic growth. The report showed that Gross Domestic Product grew much faster than originally thought- by a 1.4% annualized rate instead of 1.0%. For all of 2015, the economy grew by a respectable 2.4%- not too shabby considering the headwinds the country faced down last year.[2]  The revision reflected much stronger consumer spending than originally thought, which is a relief to recession-watchers and could bode well for the economy in 2016. Spending is being supported by a strong labor market and low gas prices. However, the news isn’t all rosy. Business inventories were revised lower, showing that companies are reluctant to tie up cash in the face of uncertain demand. Since stockpiles are still high, it’s possible that weak business spending will eat into economic growth in the first quarter.[3]  Can we trust […]
March 28, 2016

Do you know your planner? – Financially Simple

Do you know your planner? Have you been to their house? Do you stalk them on social media? You should! Hire a #CFP http://ow.ly/100V4T
March 28, 2016

So you want to buy a dental office?