Unfortunately, many, if not most, people get this wrong. They find out too late their friends weren’t experts – and their mistakes can cost tens, even hundreds of thousands of dollars. And, those mistakes can be irrevocable!
Those claiming mistakes can impact the taxes you pay later, including those on your IRA required minimum distributions and even your Medicare premiums. Widows, widowers, and even divorcees can be impacted, as well.
Retiring early and plan to work too? You may have heard your benefits will be impacted – your friends probably told you you’d be penalized! The truth is your benefits are adjusted; but you may be surprised to learn they’re not really lost. All of these issues need to be included in your overall planning. After all, living is a business, and every business should have a plan.
I’ve created a short program – only about 23 minutes – that you might find helpful. It won’t make you a Social Security expert; but, it will get you started on the right track and help bring to the forefront some of the things you might want to know before making any mistakes.
You can register and access it here.