Social Security
Plan Retirement Right: Social Security and Income Taxes
It may seem counter-intuitive, but you may have to pay income taxes to the Federal government on a portion of your Social Security benefits that you receive FROM the federal…
Read More2 big reasons you may not want to retire at 62
Half of all Americans would like to retire at 60, but the most popular age to retire and begin receiving Social Security for American workers is 62. However, that may…
Read MoreShould you visit with a Financial Advisor or Planner?
Smart people know that sometimes they need to seek out expert opinions – because none of us is an expert in everything. As the person in charge of your finances,…
Read MoreHow long will you live in your retirement years?
According to The Center for Retirement Research at Boston College, a person who retired at age 65 in 1970 could expect to live another 13 years during their retirement. They…
Read MoreWhen should I start receiving my Social Security benefits?
The amount you can expect to receive from Social Security varies quite a bit. As we at Texas Financial & Retirement like to point out, Social Security should only account…
Read MoreCan I live on my Social Security when I retire?
No, you probably cannot. Social Security is not designed to replace your full working wages. It’s intended to cover only approximately 40 percent of the income you earned while working.…
Read MoreHow much do I need to save for retirement?
How much is “enough” for retirement is a very personal question – it varies greatly from one person or family to another. Here are just a few of the things…
Read More