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Month: April 2024

Social Security Benefits: Timing and Strategies for Maximizing Your Income

Written by Zachary Morris, CFP® on .

Discover strategies for maximizing Social Security income in retirement, guiding informed financial planning decisions.

Navigating the realm of Social Security benefits is a pivotal aspect of retirement planning, demanding a strategic approach if you want to optimize your potential income. This complex system, designed to provide financial support during retirement, requires careful consideration to align with personal financial goals effectively. This article aims to shed light on critical factors and strategies surrounding the timing of Social Security benefits, underlining the importance of making informed choices so you can be well-positioned for maximizing Social Security income for your future.

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Inflation and Retirement: Better Preserve Your Purchasing Power Post-Retirement

Written by Jeff Diamond, AIF® on .

Discover how to better protect your financial stability from inflation in retirement and better preserving your savings' purchasing power.

Retirement planning often centers around accumulating enough assets to enjoy a comfortable and secure lifestyle. However, one critical factor that can erode the value of these carefully saved funds is inflation. Inflation, the rate at which the general level of prices for goods and services rises, erodes purchasing power over time. For retirees, who typically rely on a fixed income, the impact of inflation can be significant, making it essential to develop strategies to protect against this diminishment of purchasing power in their golden years. Below, we’ll discuss this challenge, as well as strategies you may use to better protect your financial security.

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