As retirees look to receive the most from their Social Security benefits, financial firms and advocacy groups are offering more advice on maximizing payouts.  Many variables affect Social Security benefits, from age and the timing of retirement for spouses to taxes, income from continuing work and income from tax-deferred retirement savings.  By changing some of [...]

MarketWatch has some very important dates listed that everyone needs to know.   Age 55: If you separate from service in the year you reach age 55 or later, distributions from that employer’s 401(k) or 403(b) after you separate from service won’t be subject to the 10% penalty. If you are younger than 55, you [...]

Social Security, just how is my payment created?  There are three items to consider in order to compute social security payouts:  1) In order to be eligible for social security retirement payouts, at least 10 years of part time work.  2)  For eligible recipients, the payment is based on an average of the 25 highest [...]