That may be unlikely, but the program does face financial challenges. Provided by Marc Aarons and Money Managers, Inc. Will Social Security run out of money in the 2030s? You may have heard warnings about this dire scenario coming true. These warnings, however, assume that no action will be taken to address Social Security’s financial […]

Creating a strategy for success.  Provided by Marc Aarons at Money Managers, Inc.   Run the numbers. There is a rule of thumb for retirees suggesting that retirement income has a target of 70-80% of the household’s end salary, though this can certainly vary. So, years before leaving work, sit down (perhaps with the financial professional […]

Some specifics about the “second act.”  Provided by Marc Aarons at Money Managers, INC.      Does your vision of retirement align with the facts? Here are some noteworthy financial and lifestyle facts about life after 50 that might surprise you.   Up to 85% of a retiree’s Social Security income can be taxed. Some retirees are […]

Are you aware of them?  Provided by Marc Aarons at Money Managers, Inc. The federal government offers some major tax breaks for older Americans. Some of these perks deserve more publicity than they receive. If you are 65 or older, your standard deduction is $1,300 larger. Make that $1,600 if you are unmarried. Thanks to […]

Even those who have saved millions must prepare for a lifestyle adjustment. Provided by Marc Aarons @ Money Managers, Inc. A successful retirement is not merely measured in financial terms. Even those who retire with small fortunes can face boredom or depression and the fear of drawing down their savings too fast. How can new retirees […]