Financial planners will often advise waiting until age 70 to max out the potential amount of your Social Security checks. This may be a good policy but there are many variables that affect when you should claim. Amassed wealth for retirement, personal health, job security and/or burnout are some of the top reasons people may choose to apply before age 70.
Tag: planning for retirement
Nervous About Retirement?
‘Mary Dovel, CPA/PFS, managing partner at Telos Family Office in Charlotte, N.C., and a member of the AICPA Personal Financial Planning (PFP) Executive Committee advises that for the best outcomes when planning for retirement, “Clients are much happier when they have clarity and fewer decisions.”’
They recommend following these steps:
Start With an Overview
Consolidate and Automate
Talk About Worst Case Scenarios
Consider Test Runs
Calming nervous clients nearing retirement Read the full article, HERE.
Retirement?
As clients approach the presumed age of retirement, some are beginning to question this expectation. In her article, Why retire? 10 reasons clients should keep working, Ann Marsh for financialplanning.com offers ten valid reasons why you might want to continue working, drawn from money management professionals. One sites this article as well, Voices The worst retirement advice I ever gave. What will you do when the time comes?