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  • New RMD Rules For IRAs In 2022

    New RMD Rules For IRAs In 2022

    getty You might need to take a little extra time in 2022 to plan your required minimum distributions (RMDs) from IRAs, 401(k)s, and other qualified retirement plans. A few of the rules have changed. Changes affect both original owners of accounts and beneficiaries who inherited them. The starting age for RMDs of account owners was […] More

  • A New Bill In California Would “Double Taxes” In Order To Pay For A Statewide Single Payer Healthcare System – Investment Watch

    A New Bill In California Would “Double Taxes” In Order To Pay For A Statewide Single Payer Healthcare System – Investment Watch

    by Michael Snyder Are politicians in California actually trying to make the mass exodus out of their state even worse?  Even though Democrats currently have control of the White House, the Senate and the House of Representatives, it has become exceedingly clear that a national single payer healthcare system is not going to happen any […] More

  • Will Working Part Time Before Filing Reduce My Social Security Benefit Rate?

    Will Working Part Time Before Filing Reduce My Social Security Benefit Rate?

    Ask Larry Economic Security Planning, Inc. Today’s Social Security column addresses questions about whether having reduced income before filing will reduce retirement benefit rates, potential effects of pensions based on income not taxed by Social Security and benefits potentially available after remarriage. Larry Kotlikoff is a Professor of Economics at Boston University and the founder […] More

  • Does My Husband Need To File In 2021 Retroactively To Get The 2022 Social Security COLA?

    Does My Husband Need To File In 2021 Retroactively To Get The 2022 Social Security COLA?

    Ask Larry Economic Security Planning, Inc. Today’s Social Security column addresses questions about whether it’s necessary to file retroactive to 2021, documenting current and future payments for work performed in the past in regards to the earnings test and a discrepancy is Social Security benefit estimates. Larry Kotlikoff is a Professor of Economics at Boston […] More

  • Something Taxing This Way Comes

    The Taxman Cometh Let me tell you how 2022 will be! One meme for you, nineteen for me? Pssh, let’s not get meme-greedy now. This is Great Stuff — y’all know there are enough memes to go around! And around, and around, and around… Besides, I’m not the taxman … just a messenger. And I […] More

  • Does A Possible Drop In The 2020 AWI Mean I Should I File Retroactive To 2021?

    Does A Possible Drop In The 2020 AWI Mean I Should I File Retroactive To 2021?

    Ask Larry Economic Security Planning, Inc. Today’s Social Security column addresses questions about what effects a potential drop in the 2020 Average Wage Index might have on benefit amounts and timing, survivor’s benefits and the earnings test and when first checks can start and when they’ll arrive. Larry Kotlikoff is a Professor of Economics at […] More

  • Why Economics Based Planning Beats Conventional Financial Planning

    Why Economics Based Planning Beats Conventional Financial Planning

    Hand holding piece of puzzle with words Financial Planning. Business concept getty Conventional planning, in my view, is about wishful and dangerous thinking. Conventional planning was designed by Wall Street to sell product, not to obey commonsense economic principles. This is why not a single top economics or finance department teaches conventional financial planning. Economics-based […] More

  • Can My Wife Take Social Security Retirement Benefit At 62 And Spousal Benefits Later?

    Can My Wife Take Social Security Retirement Benefit At 62 And Spousal Benefits Later?

    Ask Larry Economic Security Planning, Inc. Today’s Social Security column addresses questions about taking early reduced retirement benefits and switching to spousal benefits, moving from a survivor’s benefit to a retirement benefit and taking a retirement benefit while awaiting approval of a disability application. Larry Kotlikoff is a Professor of Economics at Boston University and […] More

  • Are Earnings After 62 Included When Social Security Calculates My PIA?

    Are Earnings After 62 Included When Social Security Calculates My PIA?

    Ask Larry Economic Security Planning, Inc. Today’s Social Security column addresses questions about how income earned after previous earnings are inflation indexed at 62 affect how benefits rates are calculated, recalculation of WEP reductions due to substantial covered earnings and the family maximum benefit. Larry Kotlikoff is a Professor of Economics at Boston University and […] More

  • 7 Ways To Create Tax-Free Assets And Income

    7 Ways To Create Tax-Free Assets And Income

    getty Tax increases probably are coming. Even if Congress doesn’t agree on substantial increases this year, they’re likely to come. The 2017 tax law is scheduled to expire after 2025. The pre-2018 tax law will be re-instated automatically unless Congress agrees to something else. Plus, the trillions of dollars added to the national debt the […] More

  • Why Are My Estimated Social Security Retirement Benefits Going Down?

    Why Are My Estimated Social Security Retirement Benefits Going Down?

    Ask Larry Economic Security Planning, Inc. Today’s Social Security column addresses questions about why Social Security’s estimates of future retirement benefits may fluctuate, requesting that a benefit rate be recalculated and how rates might increase even after 70. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic […] More