Social Security Income Planning: The Baby Boomer's 2022 Guide to Maximize Your Retirement Benefits - Tapa blanda

Orr CFP, Mr. Mark J.

 
9781492933045: Social Security Income Planning: The Baby Boomer's 2022 Guide to Maximize Your Retirement Benefits
Tapa blanda
ISBN 10: 149293304X ISBN 13: 9781492933045
Editorial: CreateSpace Independent Publishing Platform, 2013

Sinopsis

FULLY UPDATED for 2025 Tax Laws, Medicare, and more!

On November 4, 2015, this book was cited, and I was quoted in a USA Today article about the new Social Security rules:

“The decision on how and when to file for Social Security should be made as part of an overall retirement income plan with your financial goals, life expectancies, and financial fears firmly in mind.”

It’s your money. You paid $100,000s into the system your whole life (FICA taxes)—so don’t leave $10,000s of benefits sitting on the table that cannot be retrieved.

It’s my goal for both the middle-class and affluent Baby Boomers to realize that this is an important decision.

Using the “4% rule,” a $2,000 monthly Social Security check is worth some $600,000. How much thought should you give to an “investment” of that size?

Too many people have no idea of what their real benefit options are—and, unfortunately, can be prone to miss out on all the money they qualify for. Several useful examples are given to show you the full range of filing options and how to maximize the lifetime benefits you deserve.

Written by an experienced Certified Financial Planner, this book is for soon-to-be retirees who want to learn about the different claiming strategies and ramifications of each (whether you are married, never married, divorced, or widowed).

As you are reading the book, it becomes very apparent that I actually work in the retirement income planning field daily with real people’s savings, their Social Security filing options—and their retirement dreams.

But let me be clear that there is NOTHING about Social Security DISABILITY income payments or Supplemental Security Income (SSI) in my book (which caused some early negative reviews). If that’s what you are looking for, don’t buy this book.

My book’s sole purpose is to provide people who are about to retire with all the information that they need to make the best Social Security benefit decisions based on their unique financial circumstances and retirement goals. In this respect, it is an essential planning guide.

Perhaps one of the most unique portions of the book is where I combine my expertise in Social Security with my knowledge of income taxes to show readers how it is very possible to cut one's taxable income and subsequent retirement income tax bill by 50%.

The example comparing the Earlys, the Waites, and the Bests shows what’s possible.

That alone is worth multiple times the book's price, as it explains how a savvy reader can save $1,000s of income tax dollars each year during their retirement by fully understanding how Social Security is taxed.

The chapter about the 3 buckets of investment risk and the 3 taxation buckets is the perfect complement to learning about filing strategies since Social Security was never meant to provide for all of one’s retirement income.

—Social Security Income Planning—is concise and written in a conversational style, yet it’s jam-packed with non-stop tips, warnings, things to consider, and much more you need to maximize your benefits.

Again, the book rightfully stresses how your decision to file for your Social Security benefits should not be made
on a “standalone basis.” Your claiming decisions should be made in conjunction with your overall retirement income goals, your assets and other income resources, your aversion to risk, your (and your spouse’s) likely longevity, etc. This book helps put all those factors into perspective.

It is a big decision. Don’t let ignorance cause you to make a filing mistake that could cost you a bigger guaranteed lifetime income.

Fully UPDATED for 2025, the latest MEDICARE info, plus the SECURE ACT 2.0!

[provisional income, Social Security taxation]

"Sinopsis" puede pertenecer a otra edición de este libro.

Reseña del editor

Fully UPDATED for 2019 and the New Tax Laws!

And fully updated to reflect the changes and new rules made to Social Security by the Bipartisan Budget Act of November 2015. The book and the author have been quoted in the USA Today both before and after the new laws.

This is perhaps the most encompassing, yet easy-to-understand book on the vital and timely topic of Social Security retirement income planning. It is written by an experienced Certified Financial Planner for soon-to-be retirees who want to learn all about the different claiming strategies for couples and for single persons (never married, divorced or widowed). Most people have no idea of what some their real benefit options are -- and unfortunately can be prone to miss out on $10,000’s.

The book’s sole purpose is to provide people who are about to retire, with all of the information that they need to make the best Social Security benefit decisions based on their own financial circumstances and retirement goals. In this respect it is an essential planning guide and road map.

A quick scan of the table of contents gives a glimpse of the scope and amount of powerful information provided. However, what the table of contents does not show is how 95% of Social Security recipients (both couples and many singles) will leave up to $50,000 of benefits sitting on the table that cannot be retrieved. This is money that they are fully entitled to, but these folks did not follow the little-known claiming strategies described in this book. It’s your money, you paid into the system your whole life – so don’t miss out on getting every dollar that you can.

There are many useful examples given to show you the full range of their filing options and how to maximize your lifetime benefits. Written in plain English, these examples are meant to encourage you to carefully consider how you can get the most total benefits available under the law.

Perhaps one of the most unique portions of the book is where the author combines his expertise of Social Security with his knowledge of income taxes to show readers how it is very possible to cut ones taxable income and their subsequent retirement income tax bill by 50%. The story comparing the Early’s, the Waite’s and the Best’s is worth ten times the price of the book, as it explains how a savvy reader can save $1,000’s of income tax dollars each year during their retirement.

The chapter about the 3 buckets of investment risk and the 3 taxation buckets is the perfect complement to learning about filing strategies since Social Security was never meant to provide for all one’s retirement income. Not only is this discussion vital for soon-to-be retirees, it should be required reading for every American adult before they EVER invest a single dime anywhere.

Don’t let the low cost of the book fool you. While reading the book, it becomes very apparent that Mr. Orr actually works in the retirement income planning field on a daily basis with the non-stop tips, warnings, things to consider and much more.

“Social Security Income Planning” is concise and written in a conversational style, yet it’s jam-packed with all the information you need to maximize your benefits. The advanced concepts and planning strategies are made so simple, that you will be able to explain them to your co-workers... or even to your financial advisor (who very likely has only a vague understanding of the strategies you are talking about)!

Reseña del editor

Fully UPDATED for 2015 This is perhaps the most encompassing, yet easy-to-understand book on the vital and timely topic of Social Security retirement income planning. It is written by an experienced Certified Financial Planner for soon-to-be retirees who want to learn all about the different claiming strategies for couples and for single persons (whether never married, divorced or widowed). Most people have no idea of what some their real benefit options are -- and unfortunately can be prone to miss out on $10,000’s. Before describing what readers will find in the book, let me point out that there is purposely nothing written about Social Security DISABILITY income payments or Supplemental Security Income (SSI). The book’s sole purpose is to provide people who are about to retire, with all of the information that they need to make the best Social Security benefit decisions based on their own financial circumstances and retirement goals. In this respect it is an essential planning guide and road map. A quick scan of the table of contents gives a glimpse of the scope and amount of powerful information provided. However, what the table of contents does not show is how 95% of Social Security recipients (both couples and many singles) will leave up to $50,000 of benefits sitting on the table that cannot be retrieved. This is money that they are fully entitled to, but these folks did not follow the little-known claiming strategies described in this book. It’s your money, you paid into the system your whole life – so don’t miss out on getting every dollar that you can. There are many useful examples given to show baby boomers the full range of their filing options and how to maximize their lifetime benefits. Written in plain English, these examples are meant to encourage you to carefully consider how you can get the most total benefits available under the law. Perhaps one of the most unique portions of the book is where the author combines his expertise of Social Security with his knowledge of income taxes to show readers how it is very possible to cut ones taxable income and their subsequent retirement income tax bill by 50%. The story comparing the Early’s, the Waite’s and the Best’s is worth ten times the price of the book, as it explains how a savvy reader can save $1,000’s of income tax dollars each year during their retirement. The chapter about the 3 buckets of investment risk and the 3 taxation buckets is the perfect complement to learning about filing strategies since Social Security was never meant to provide for all one’s retirement income. Not only is this discussion vital for soon-to-be retirees, it should be required reading for every American adult before they EVER invest a single dime anywhere. Don’t let the low cost of the book fool you. While reading the book, it becomes very apparent that Mr. Orr actually works in the retirement income planning field on a daily basis with the non-stop tips, warnings, things to consider and much more. Everything is discussed in “real world” terms, not useless academic theory. “Social Security Income Planning” is well organized, concise and written in a conversational style, yet it’s jam-packed with all the information you need to maximize your Social Security benefits. The advanced concepts and planning strategies are made so simple, that you will be able to explain them to your co-workers... or even to your financial advisor (who very likely has just a vague understanding of the strategies you are talking about)! Finally, the book rightfully stresses how your decision to file for your Social Security benefits should not be made on a “standalone basis”. That your claiming decisions should be made in conjunction with your overall retirement income goals, your assets and other income resources, your level of adverseness to risk, your (and your spouse’s) likely longevity, etc. Buy this book today and become an educated consumer of your Social Security benefits.

"Sobre este título" puede pertenecer a otra edición de este libro.

Editorial
CreateSpace Independent Publishing Platform
Año de publicación
2013
Idioma
Inglés
ISBN 10 
149293304X
ISBN 13 
9781492933045
Encuadernación
Tapa blanda
Número de edición
2
Número de páginas
127
Contacto del fabricante
Manufactured by Amazon on behalf of the author
https://www.amazon.es/hz/contact-us

c/o Amazon Media EU S.à.r.l., 38 Avenue John F. Kennedy
Luxembourg
L-1855
Luxemburgo