To obtain Social Security credits, the Social Security Administration reviews at the amount of money you earn from work on which you have paid Social Security payroll tax. You must work for at least ten years and earn a minimum of 40 credits. The earnings amount needed per credit in 2018 is $1320, and four is the maximum number of credits you can earn in one year.
My Summit Wealth
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The Amazon Effect is a term created to describe the ongoing evolution and disruption of retail markets, due to an increase in e-commerce. As Amazon has grown, its effect over a vast array of products, and both physical and online retail is astounding. The term itself, “Amazon Effect,” is an acknowledgment of Amazon's continuing domination of all facets of the retail environment.
We all know Facebook has changed the way we communicate and share our thoughts but has it invented a new way to measure time?
The evolution of cybercrime in recent years has less to do with hacker's technical tools and everything to do with a new business model.
Is a Morningstar’s top-ranked five-star mutual fund a good fund to buy? Most people are familiar with Morningstar and their ranking system for mutual funds.
The beginning of a new year is typically marked with intentions to “do better” in some form or another. Whether we’re trying to eat less, exercise more, improve in our stress management, or enhance skill, we must first examine the fundamentals of the task and build from that foundation. This principle stands valid when planning for retirement, investing for the future, or strategically disinvesting our wealth. One of our core principles is the significance of one’s process, rather than one’s product. I’ll share some ideas to clarify what I mean here.
Our advisors commonly assist in legacy planning, that is, the coordinated distribution of client or family wealth, to occur at the end of one’s life. While some seek to give all remaining wealth to their children, grandchildren, or other family members, others hope to give to their favorite charity or charities, and some simply wish to spend it all and “come in on fumes.” Planning for this wealth transition is an important task – one we should approach with considerable attention.
An increasing number of women are taking the lead in financial affairs – whether for themselves, their families, or in response to an unfortunate loss of spouse. A couple critical questions should be asked (and no, not just by women): “What does retirement mean to me?” And, “how do I determine if I am getting the right advice (and complete advice)?” Many clients we meet who are preparing for life in retirement aspire to travel, volunteer, develop their hobbies, begin a new and exciting career, and more. Whatever your goal, a retirement income plan that's designed to support the retirement lifestyle you envision, and minimize the risk that you'll outlive your savings is critical.
The Myth of American Decline » Article by MITCH LEVIN, MD, CWPP, CAPP | Featured in the September 2017 edition of The Rational Optimist™ | January 10, 2012 Click Here to Read More