In recent columns I've been making the case for why it pays for most people to consider delaying taking Social Security rather than at the first opportunity, age 62.
Updated: February 02, 2013, - 04:24 PM
Last week's column on Social Security sparked a number of comments. Briefly, rather than take Social Security early at age 62, I argued for a strategy of filing for Social Security benefits later, tapping into retirement savings and working at least part-time instead. I'd like to address some of the challenges to this perspective.
Updated: January 19, 2013, - 04:26 PM
QI am 59 and wish to retire in three years. To have enough retirement income, I could take Social Security early at 62, or withdraw $2,000 a month from my retirement accounts. Which is the better option?
Updated: January 12, 2013, - 09:16 PM
Q I am 62. My husband is 63. We hired a respected fee-based certified financial planner to update our financial plan as we head into retirement. We have a projected secure stream of income aside from our 401(k) and may or may not need to draw down on our retirement funds ever, or at least not for five or six years.
Updated: January 05, 2013, - 04:26 PM
QI'm 26 now and just got my first "career" job. So I've been thinking more about investments. I have a macroeconomic/fiscal cliff question for you. While I intend to invest in the way that's best for me, if I were being completely unselfish wouldn't bonds be better? After all, sales of stock (other than IPOs) just shift money from one investor to another and sap money from corporations through dividends. Things like municipal bonds, on the other hand, can result in necessary infrastructure being built. Especially with talk of changing the capital gains tax rate, it seems like it would be easy enough to raise it for stocks but leave it at 15 percent for bonds, and indirectly promote huge private investments in infrastructure.
Updated: December 22, 2012, - 04:27 PM
Q Do you have any suggestions on good books that a 16-year-old could read to understand how investments work and offers good advice? Also what's your opinion on good techniques for teaching about how investments work? I am toying with the concept of having him read the book and giving him $1,000 to invest if he can explain some basic concepts. KEVIN
Updated: December 15, 2012, - 08:32 AM
For much of the past week I've spent way too much time watching evening cable television news shows hyperventilate over the impending fiscal cliff. Don't get me wrong: It's a really bad idea to saddle a still-anemic economy with $500 billion to $700 billion in tax hikes and spending cuts starting next month.
Updated: December 08, 2012, - 03:23 PM
QI am over 70 1/2 years and just left my full-time job early in November that had a 401(k) plan. I am confused as to when I must take my first required minimum distribution (RMD). Would appreciate knowing if it must be taken this year or possibly delayed until next year.
Updated: December 01, 2012, - 04:44 PM
Q What sort of results should I expect from my financial planner?
Updated: November 17, 2012, - 04:31 PM