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If an individual was born on or before January 1, 1954, is currently married, or divorced and eligible for a benefit on an ex-spouse’s record, once they reach age 66 (full retirement age) they may benefit from a restricted Social Security application strategy. Assuming they have NOT yet claimed their benefits. In the case of married couples, the optimal strategy is to have the lower-earning spouse file for their own benefits first, and then the higher-earning spouse subsequently files a ‘restricted application’ at full retirement age for their spousal benefit only and delays filing for their personal benefit until age 70.

After a robust first half of 2019, stock markets have been in a state of flux over the last few months and are becoming increasingly concerned about the slowing global and U.S. economies.

529a ABLE accounts are tax-advantaged savings accounts for individuals with disabilities. The primary benefits include: • Income earned by the account will not be taxed nor will withdrawals for ‘qualified expenses’; a wide array of expenses qualify • Anyone can contribute funds to the account • Value is excluded from consideration in means-testing to determine eligibility for public benefits

The last 18 months have been a roller coaster ride for investors, even though stocks and bonds have delivered strong returns this year. With interest rates around the world declining, the financial markets have been mostly ignoring the increasing number of signs our global and U. S. economies are slowing. The volatility that initially reappeared in 2018, then in early May of this year, and now again within the last week, is increasingly looking like a precursor for more in the future. Although we feel the global economic expansion can continue, our business cycle appears to be in the later stages. Investing is likely to become more challenging from here.

Eligibility for Medicare coverage begins at age 65. Those who retire before this age and lose health insurance coverage provided by their employer will pay considerably more for health insurance until they become eligible for Medicare. The cost of monthly premiums increases steadily with age, peaking at age 64.

Cyber crime affects hundreds of millions of individuals globally each year with victims often unaware they have even been affected. The sophistication of methods is ever-increasing and even large corporations and governmental institutions (e.g. Anthem, Equifax, the U.S. Securities & Exchange Commission) have fallen victim to egregious security breaches. In absence of a cybersecurity panacea there are basic measures that can be taken to minimize both your exposure and vulnerability.