Many people think that if they file for Social Security before full retirement age, the reduction they face will only be temporary, and that their benefits will be restored to their full amount once FRA kicks in. Not so. Unless you undo your application for benefits within a year of filing and pay back every dollar you collect, the monthly payments you start receiving at 62 will be what you get for life. So if your plan is to take a hit on benefits for a few years and then enjoy a higher monthly payout later on, that strategy, unfortunately, won’t fly.
Real estate investments can turn into a stable source of profit. Whether you are looking…
We might be living in the land of the free, but not everything is legal.…
People are prone to make mistakes sooner or later in their lives, that’s just the…
Many Americans struggle with financial hardships, from exorbitant healthcare costs to taxes, college tuition and…
When it comes to setting money aside there are many strategies out there, some that…
Nobody is born a chef, we know that. But a lot of people seem to…