You owe federal income tax wherever you live. But your overall tax burden can vary dramatically depending on where you live. Read on to learn more. Best Places to Retire: State Taxation … [Read more...] about Best Places to Retire: State Taxation
The Social Security program is very important for the majority of people who are planning ahead for their retirement years. This having been stated, you would do well to take personal responsibility for your retirement to avoid being overly reliant on this entitlement. If you plan ahead properly you can accumulate a financial underpinning on your own while you look forward to the boost that your Social Security income will provide when you start to draw a benefit. When can you apply for … [Read more...] about When Can I Apply for Social Security?
The elder law community focuses on legal issues that are of interest to people who have reached an advanced age. Without question, the best way to prepare for the eventualities of aging is to sit down and discuss everything with a licensed Connecticut elder law attorney. You are entering uncharted waters when you start to get older and ultimately reach different stages of life. There are certain things that you must take into consideration, and you may not know exactly how to proceed. It … [Read more...] about Connecticut Elder Law Resources
You have to be apprised of your anticipated future income if you want to plan ahead for retirement intelligently. Different people have different capabilities, but the fact is that Social Security is going to be very important to the majority of individuals who are making retirement plans. And even if you are not going to be particularly dependent on Social Security you are certainly going to be interested in knowing how much you will be qualified for when you do become eligible. The Social … [Read more...] about Where Is My Social Security Statement?
The United States Census Bureau conducts surveys that can be very useful to those who are interested in the field of elder law. Their American Community Surveys for 2005-2007 and 2008-2010 revealed an interesting trend. Apparently more and more senior citizens who are in committed live-in relationships are choosing to remain unmarried. Between the two time periods the number of people who are at least 60 years old who are living with someone increased by 14% to 1,206,661. One reason why many … [Read more...] about Surveys: More Elder Couples Living Together Without Marrying
The baby boomer generation is reaching the typical age of retirement, and surveys are showing that many of these individuals are not prepared. Many people don't take retirement planning seriously enough because they have a certain misguided notion in the back of their minds. They feel as though Social Security will be there for them once they become eligible for the program. Yes, it would be nice to have something extra they reason, but Social Security will be more than enough to live on … [Read more...] about Understand Limitations of Social Security
The baby boomer generation is reaching retirement age, and as a result a lot of people are starting to think about Social Security. Let's take a look at three things everyone should know about this program for seniors. Age of Eligibility The question of eligibility age is more complicated than it may seem to be on the surface. The the age of full eligibility varies depending on the year during which you were born. Suffice to say that it is somewhere between 66 and 67 years of age if you are … [Read more...] about Three Things to Know About Social Security
Greater Hartford retirement planning is going to involved gaining an understanding about the ins and outs of the Social Security program. The first question that most people are going to ask would involve the age of eligibility. People who were born in 1954 and earlier than that are going to reach full retirement age according to the Social Security Administration when they celebrate their 66th birthdays. The age at which you qualify for your full retirement benefit then goes up by two months … [Read more...] about Is There A Penalty For Working While Receiving Social Security?
One of the most amazing statistics that is currently circulating around the elder law community involves the volume of Social Security applications that are being submitted right around now. According to the Social Security Administration about 10,000 people are applying every day, and if this wasn't enough this volume of applications is expected to be accepted each day for the next two decades. This onslaught is due to the fact that the baby boomer generation is reaching retirement age. The … [Read more...] about Online Tool For Those With Social Security Questions
Social Security benefits are part of the equation for a majority of people who are planning for retirement, and right now we are going through a historic period when it comes to Social Security. The baby boomer generation is reaching retirement age, and that means there are a lot of people applying for Social Security for the first time. But when you hear just how many "a lot" is, the number is rather jaw-dropping. Right now there are some 10,000 people applying for Social Security every day, … [Read more...] about Social Security Information