Three key things you need to know about Social Security benefits.
If you do not know these things about your benefits, your benefits can be reduced. This reduction in benefits can last for the rest of your lives. Here are three pitfalls to avoid in taking your benefits.
The key points to remember
1. Postpone taking your benefits
Everyone faces hassles in life. We can’t escape them completely, but if we can minimize them, our quality of life improves. There are hassles in managing your finances and wealth, too. Here are five tips that will help you get financial aggravation under control.
The Key Takeaways
o Minimizing hassles helps reduce stress and improves
The combination of your talents, experience and skills represents an asset. Like any asset, it should be managed and protected. You should keep yourself healthy, have sufficient insurance protection, plan for both the near term and the future, invest in yourself, and having contingency plans if a sudden turn occurs.
The Key Takeaways
o You–your talents, experience
A comprehensive financial plan that is effectively executed delivers dollar savings in improved investment returns, lower taxes, lower fees, more efficient wealth and more stable income. However, an important outcome of this process addresses what may be on your worry list: running out of money, family strife, unexpected losses and making financial mistakes.
The Key Takeaways
o
We use a variety of insurance products to manage risk in different areas of our lives in order to protect our wealth from losses that can come from property damage, businesses we own, disability, retirement and death. Instead of considering these products as separate items, make them part of an integrated, overall risk management plan.
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