There is no increase in your retirement benefit for waiting beyond age 70. If you wait until age 72, you will simply give up two years of retirement benefits. You should, of course, wait until 70 if you can afford to, since your benefit will be 32 percent higher than if you were to take benefits now, at age 66.
What Non-Residents Need to Know About Taxes
May 2, 2013 By
Taxes can be complex for American citizens, but the regulations get even more confusing for non-resident aliens. A resident alien files Form 1040 whereas a nonresident alien files Form 1040NR, which looks similar to the 1040, but the rules are different and more tricky. More more information on whether you need to file taxes or not check out this article.
Funeral Planning: An Unpleasant Necessity
May 1, 2013 By
There’s one event that we don’t plan for, yet it’s guaranteed: our funeral. Thinking about death and your own funeral leaves most people feeling a little uneasy, but not being prepared can leave survivors with added financial pressures as they work through their grief.
Driving Your Car Can Cost $10,000 Per Year
April 30, 2013 By
In the past year, the cost of driving climbed almost 2%, according to AAA’s Your Driving Costs study. The average cost 60 cents a mile for sedans. For an SUV, it’s more than 77 cents a mile; for a small sedan, almost 45 cents.
Manage Your Money Like a Millionaire
April 29, 2013 By
The goal of most millionaires is two-fold: to keep getting richer and to protect the riches they’ve already earned. Martin Graham, chairman of Oracle Capital Group had five principles to better manage your money.
When a Retail Medical Clinic Will Suffice
April 27, 2013 By
Can’t shake a cold? One option is to visit the clinic in your local pharmacy. Such clinics are priced at a discount to your local doctor’s office. The Wall Street Journal has some tips for when a retail clinic is all you need.
How To Spend Your Tax Refund
April 25, 2013 By
Assuming you are getting a tax refund, what should you do with the money? US News & World Report has eight ideas for your money.
Avoid These 401(k) Blunders
April 24, 2013 By
What you don’t know about your 401(k) could hurt you. The Wall Street Journal has a list of the top mistakes you should avoid with your 401(k).
Let the Government Help You Manage Your Finances
April 23, 2013 By
Find government information in managing your finances, including credit, debt, home ownership, money management, retirement and estate planning and more at USA.gov.
Turn Your Assets Into a Nest Egg
April 22, 2013 By
As you approach retirement, you must determine how to turn the assets you’ve been accumulating in your 401(k) and other retirement savings vehicles into income that will last for the rest of your life.
