Goldstone Financial Group presents the three questions you must be able to answer before you retire?

1. CAN YOU
PASS?
OUR THREE QUESTION RETIREMENT QUIZ
GoldstoneFinancialGroup.net

2. CAN YOU AFFORD IT?
UNFORTUNATELY, MORE THAN HALF OF AMERICANS GO
INTO RETIREMENT BROKE, WITH NOTHING TO SHOW FOR
THE 35+ YEARS THEY’VE BEEN WORKING.
AS A GUIDELINE, MANY FINANCIAL PLANNERS ADVISE YOU
TO START SAVING UP TO 15% OF YOUR INCOME WHILE
YOU’RE STILL IN YOUR 20S. IF YOU WANT TO KNOW THE
EXACT AMOUNT, PROFESSIONALS ESTIMATE THAT YOU
SHOULD HAVE AT LEAST 10 TIMES YOUR LAST FULL-YEAR
INCOME BY RETIREMENT.
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3. WHERE SHOULD YOU RETIRE?
FOR INSTANCE, DID YOU KNOW THAT 13 STATES TAX SOCIAL
SECURITY BENEFITS WHILE 37 DON’T? OF THE 13, 9 EXEMPT
TAX UP TO A CERTAIN LIMIT. THE REMAINING 4 (MINNESOTA,
VERMONT, NORTH DAKOTA AND WEST VIRGINIA) TAX YOUR
BENEFITS, NO EXEMPTION.
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4. HOW DO YOU MAXIMIZE SOCIAL
SECURITY BENEFITS?
WHILE THE SOCIAL SECURITY BENEFITS AT FULL RETIREMENT
AGE (FRA) ARE CAPPED AT $2,687 A MONTH IN 2017, THERE
ARE A NUMBER OF WAYS THAT A RETIREE COULD USE SOCIAL
SECURITY TO BOOST BENEFITS.
FOR INSTANCE, THERE’S A “SOCIAL SECURITY SECRET” YOU
CAN USE TO GET AN ADDITIONAL $15,978 EACH YEAR.
RETIREES CAN INFLUENCE THE AMOUNT THEY ARE PAID IN
SOCIAL SECURITY BY CHOOSING WHEN (WHAT AGE) TO
CLAIM THEIR BENEFITS. AT FRA, A RETIREE IS ENTITLED TO
100% OF THEIR BENEFITS. RETIRING BEFORE REACHING THE
FRA REDUCES THE MONTHLY BENEFIT.
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5. ORIGINAL STORY PUBLISHED ON
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