Financial Planner Dee Lee and WBZ NewsRadio’s Business Editor Anthony Silva provide listeners with tips on successful financial planning.
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According to the latest data I found, 59 million Americans are receiving Social Security benefits totaling $863 billion.
Social Security benefits are not just for folks with an AARP membership card.
Congress and the IRS decided that you cannot leave your pre-tax retirement savings growing forever tax-deferred, so they chose 70½ for you to begin mandatory withdrawals.
Current thinking has 65 as the normal retirement age because at one time a worker could collect full Social Security benefits at age 65. No more.
At 59½ you can finally get at those dollars you have been stashing away for years in your retirement plans without paying a 10% penalty.
Age 55 seems to be a magical number. It’s the elusive goal for retiring early!
Many birthdays are key to successful retirement planning. We’ll spend the week looking at the ones I think are key to your success.
College is expensive. And many wonder if it is worth the cost. I believe it is!
Colleges post the cost of tuition, room and board and the miscellaneous fees but these are not the only expenses you will need to plan for.
I don’t have a definitive answer! But I believe that kids should be responsible for some of the cost of college.