Alhambra's Bob Williams describes how working past age 70, after delayed credits have stopped, can still increase your Social Security benefit.
It seems like you just finished filing your tax return and now it’s almost time to step into the ring with the IRS again. But as you contemplate gathering receipts and tax records for 2021, the IRS is at work adjusting tax brackets for 2022.
The U.S. tax system uses...
There’s a common misconception that Medicare is a simple, automatic process when you turn 65. Nothing could be further from the truth. The responsibility to enroll is on your shoulders, and if you miss deadlines or don’t enroll in just the right way, you can incur penalties that will...
Over the years, I’ve been given a couple of simple but profound pieces of financial advice. A man I looked up to told me that tax loopholes are illegal, but if something is in the IRS code it’s there to be used and if it applies to me… use...
When the Tax Cuts and Jobs Act of 2017 became law, estate tax exemptions got a substantial boost. The amount each individual could pass on free of federal estate taxes jumped from $5,490,000 in 2017 to $11,180,000 in 2018. That amount has increased each year since then based on...
When do you want to retire? For a lot of Americans, the answer is just as soon as possible. And it’s no wonder. Only 20% of U.S. workers are passionate about their jobs. 55% don’t like what they do. It’s a means to an end. They just want to...
It’s been said that with age comes wisdom, and age and wisdom cause us to ask questions we would never have thought of at the beginning of our adult journey. One of the questions married couples should ask—What happens if I die first?
The loss of a spouse is not...
There was dancing in the streets when Social Security announced that 2022 checks will go up by 5.9%, the biggest Cost of Living Adjustment (COLA) in 40 years. But now, the streets are empty and the cheering is gone. Most of that Social Security COLA will be eaten up...
The end of the year is a financial opportunity—an opportunity to take advantage of remaining tax breaks and keep Uncle Sam’s hand from going deeper into your pocket than it has to, and an opportunity to clean up your portfolio and make sure your financial house is in order....