by Brian Bickett | Sep 20, 2024 | Retirement, Social Security
Retroactive Social Security benefits offer a lump sum payment for up to six months of missed benefits, but opting for this can lead to lower monthly payments moving forward. Let’s explore when taking these benefits might make sense. 1. High Medical Expenses In...
by Brian Bickett | Oct 19, 2023 | Retirement, Social Security
The 2024 Cost-of-Living Adjustment The Social Security Administration announced the 2024 cost-of-living adjustment will be 3.2%. This is down significantly from the 5.9% increase for 2022 and 8.7% increase for 2023. How Does the New Social Security COLA Effect...
by Brian Bickett | Oct 12, 2023 | Investments, Retirement, Taxes
New income tax brackets have just been released. The IRS standard deduction and marginal tax rates are the basic building blocks of ongoing tax planning. They are adjusted annually for inflation. Understanding where your household falls in these marginal tax brackets...
by Brian Bickett | Oct 2, 2023 | Investments, Retirement, Taxes
For most Americans, federal income taxes are a once-a-year inconvenience that raises its ugly head every spring. Filing our annual tax return brings with it the opportunity to gather multiple documents that we likely placed in that one file in the pile of...
by Brian Bickett | Jun 30, 2023 | Retirement, Social Security
If you’re near retirement age and plan to start receiving Social Security retirement benefits, you may wonder if you have the option to include retroactive benefits in your first check. The answer depends on a few factors, including when you apply for benefits...
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