Retirees should know when to file their taxes as some retirees don’t need to file a yearly tax return but ensure to check and verify the tax return income requirements if in doubt. Other retirees may file a return, even when is no need to make such filings. You should consider several options if you want to have more Social Security benefits. The major option is a rise in the full retirement age (FRA). There is a proposal to increase beneficiaries’ FRA, but Congress has not approved or publicized how it will improve Social Security benefits. A report shows that increasing the FRA from 67 to 70 is not the right way to fix the Social Security program. Technological advancements help some seniors, while some elders seem adversely affected. Before you decide to claim your Social Security benefit, you should consider the following options. If you and your spouse have retirement savings and want to retire early, you need to consider the durability of your savings. If your money wouldn’t last, you should do the following: • You can leave your properties to your designated beneficiaries using palliative or hospice care. However, you need to know the difference between palliative and hospice care by consulting experts with decluttering experience. • You could reverse the forecasted retirement crisis with expert advice. • It would help if you considered saving more money when your children leave. Over the years, women have overcome financial retirement crises by engaging in a skilled trade, such as construction. Before you retire, make sure that you can pay your future medical bills. Claiming your Social Security benefits is not an easy decision. Thus, you need to determine how long your retirement savings will last if you retire now and claim your benefit.
Contact Information:
Email: [email protected]
Phone: 8139269909
Bio:
For over 30-years Joe Carreno of The Retirement Advantage has been a Federal Employee Retirement System specialist (FERS) as well as a Florida Retirement System specialist (FRS) independent advocate. An affiliate of PSRE (Public Sector Retirement Educators), a Federal Contractor & Registered Vendor to the Federal Government, also an affiliate of TSP Withdrawal Consultants. We will help you understand your FERS & FRS Benefits, TSP & Florida D.R.O.P. withdrawal options in detail while recognizing & maximizing all concurrent alternatives available.Our primary goal is to guide you into retirement with no regrets; safe, predictable, stable, for life. We look forward to visiting with you.
Disclosure:
Not affiliated with the U.S. Federal Government, the State of Florida, or any government agency. The firm is not engaged in the practice of law or accounting. Always consult an attorney or tax professional regarding your specific legal or tax situation. Although we make great efforts to ensure the accuracy of the information contained herein we cannot guarantee all information is correct. Any comments regarding guarantees, safe and secure investments & guaranteed income streams or similar refer only to fixed insurance and annuity products. Fixed insurance and annuity product guarantees are subject to the claimsâ€paying ability of the issuing company. Annuities are long-term products of the insurance industry designed for retirement income. They contain some limitations, including possible withdrawal charges and a market value adjustment that could affect contract values. Annuities are not FDIC insured.
