John Turner
The Social Security administration calculates benefits based on an individual's 35 highest earning years. The program is funded by current workers through the payroll tax, which is 6.2% on up to $147,000 in earnings per employee. "It's almost as if they [retirees] are thinking about it [...
To avoid confusing those who haven’t worked very many years yet – but plan to – the standard Social Security benefits statement projects out anticipated future Social Security benefits based on the assumption that the individual will continue working until retirement. Which allows the individual to...
In early adolescence, attachment security reflects not only the quality of ongoing relationships with parents, but also how adolescents process social relationships with "others" – that is, their "social value orientation" – with possible implications for adolescents' risk-taking. In this study, a...
2. Avoiding Overconfidence in U.S. Investment ReturnsThe U.S. stock market’s strong track record might tempt you to rely heavily on it for your retirement plans. However, markets fluctuate, and if you live in Israel, you must consider currency risks and international tax implications as well...
For decades, 65 was considered the standard age to transition to retirement. But in recent years, the Social Security Administration has pushed back thefull retirement age. In addition, some workers are finding they need more years of earning income before they can quit their jobs. ...
Another benefit of Social Security is the advantageous tax treatment. Only up to 85% of the benefits are taxable. So, maximizing lifetime benefits is essential! And talking about taxes, here’s another reason to use a very sharp pencil and craft a careful personalized analys...
we still don’t phase out Social Security benefits, for example, for those who clearly don’t need them. The most we do is tax them more for some people. But I think your larger point is true everywhere: stay flexible and stay informed about changes, because they can have a big ...
“They're so nasty, they're so evil,” Trump said, apparently upset that he didn’t think news cameras captured footage of a video he played about Harris’ tax plan. “They are actually the enemy of the people. They really are so evil.” ...
Let’s take Amelia’s hypothetical future. By 2030, thanks to Sarah’s strategic planning, both children each inherit sizable SIPPs – say about £600,000 each, boosted by earlier contributions. These balances are enough to provide financial security, but the tax implications loom large. ...