How Returning to Work Impacts Social Security Benefits

How Returning to Work Impacts Social Security Benefits

If you return to work before reaching your FRA, $1 in benefits will be withheld for every $2 you earn above the annual limit ($18,240 for 2020). For example, if you retire early and go back to work before your full retirement age and earn a salary of $30,000, you’ll be $11,760 over the annual limit.

If people could see the fears I have witnessed in those left behind over nearly 3 decades…

Real_Life_story-Flechsing_2019

Cash value life insurance makes Harbaugh college football’s top-paid coach

Cash value life insurance makes Harbaugh college football’s top-paid coach | ThinkAdvisor

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Still Working and RMD’s

Delaying 401(k) RMDs With The Still-Working Exception

While qualified plan participants are generally required to begin taking distributions April 1 of the year following the year the plan participant turns 70 ½, the “still-working” exception delays the RBD to April 1 of the year following the year the employee retires.

Senior Spirit July 2019

Monthly newsletter from the society of Certified Senior Advisors

http://blog.csa.us/2019/06/RMDs.html

Understanding RMD Withdrawals

Tax-deferred retirement accounts are a great place to tuck away money for your later years. Your dollars can grow without having to pay Uncle Sam, and the power of compounding works to your advantage. But don’t forget that the tax man cometh, and the IRS will be looking for its share of your retirement pot once you turn 70 1/2.