Social Security may be running out. Retirement can be intimidating for many Americans. Without a continual stream of income, it is challenging to pay bills or cover the costs of daily living. Many Baby Boomers have been working at least since their early teen years, if not earlier. Work is just part of our DNA. […]
Early retirement does not have to mean full retirement. People are not always able to retire when they planned. Sometimes life has a way of throwing us curves. Whether a business downsizing or a serious illness forces early retirement, people may need to be creative when it comes to funding their golden years. According to […]
The timing of Social Security claims has a significant impact on finances. With the rise of inflation and cost of living, each penny counts. This is true whether you are single and starting your career or married with children. Those entering retirement may feel the financial stress acutely as income will not be generated by […]
Social Security rules can seem confusing. For many, Social Security is an important aspect of retirement income. Because it is insufficient to cover all expenses in retirement, people should also utilize retirement savings accounts. Although people will require more funds than those available through Social Security, the choices one makes regarding this benefit can impact […]
Planning for retirement typically follows a basic timeline. If you are working, you should already begin planning for retirement. Eventually, you will no longer be employed. Spoiler alert .... When you retire, you will still need to pay bills and fund your lifestyle. According to a recent U.S. News & World Report article titled “10 […]
Claiming Social Security can feel like a balancing act. For many, Social Security is a key consideration for retirement. Even so, the benefits will not allow you to maintain your current standard of living in most instances. For this reason, you will need to manage your current savings and maximize your Social Security benefit. According […]
You are newly widowed and are concerned about your rights to your deceased husband's Social Security benefits. And rightfully so. It is easy to make mistakes when it comes to Social Security. When to take Social Security benefits is a major decision that has major consequences for not only the worker but his spouse. According […]
Social Security will look slightly different in 2021. When you think of retirement, you likely also think of Social Security. Social Security benefits provide monthly income in retirement for those who qualify to receive based on their work history. Although you should personally save and invest part of your income for retirement in a Roth […]
Continuing to work in retirement can complicate Social Security benefits. Social Security can be a wonderful supplement to saved retirement income. How much you receive depends on several factors. How long did you work? How much did you make? How old are you when you begin collecting Social Security? According to a recent The Sun […]
Retirement is around the corner. If you are a baby boomer, you are likely in or nearing retirement. In fact, you may be retiring this year. And, you are in good company. Did you know that 10,000 baby boomers turn age 65 ... every day? Yikes! There is a lot to look forward to in […]
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Overland Park Estate Planning Attorney Kyle Krull assists clients in Kansas and Missouri with Estate Planning, Wills, Trusts, Revocable Living Trusts, Charitable Planning, Asset Protection and Business Succession Planning in the greater Kansas City area including Overland Park, Leawood, Olathe, Lenexa, Johnson County Kansas and Jackson County Missouri.
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