What’s This About a Social Security Bonus in Retirement?

What’s This About a Social Security Bonus in Retirement? Maybe you’ve noticed ads on some financial websites and magazines asking whether you’ve taken advantage of the $16,728 Social Security “bonus.”  Before you suffer the fear of “missing out,” Gregg MacInnis sets the record straight in this epi…

GMAC Family Financial 04232024_Retirement Tax Bill

Do You Know Your Retirement Tax Bill? You probably just filed your tax return and feel you can rest easy, right?  Maybe not.  Did you realize that true tax planning looks at the long-term, not just on an annual basis?  On today’s Countdown to Retirement, Gregg MacInnis explains the ramifications o…

Can I Take My Retirement Plan for a ‘Test Spin?’

Can I Take My Retirement Plan for a ‘Test Spin?’ Designing a retirement plan requires a careful analysis of numbers.  Among the most important is longevity, figuring out how long you’re expected to live.  After that’s reached, how can you “stress test” the plan to ensure you won’t run out of money…

Can I Take a Mulligan on My Social Security Benefits?

Can I Take a Mulligan on My Social Security Benefits? You don’t have to be a golfer to know that the word ‘mulligan’ means “do over.”  When it comes to claiming Social Security benefits, we’re often told that our first choice on when to take it cements that benefit level for the rest of your life.…

If the Trump Tax Cuts Expire, How Will That Impact Your Retirement?

If the Trump Tax Cuts Expire, How Will That Impact Your Retirement? In January 2026, the tax cuts that were put in place by the Tax Cuts and Jobs Act in 2017 will “sunset.”  Also called the “Trump Tax Cuts,” Americans will see big changes (for the worse) in tax brackets, standard deductions and es…

Achieving Financial Independence Before Retirement

The largest growing group of workers today are those in their 60s and 70s.  Why?  Because they have to work, not because they want to.  On today’s Countdown to Retirement, Gregg MacInnis explains how the difference is achieving financial independence.  He spells it out in a multi-strategy approach …

Retirement: It’s a Matter of Perspective

Can you really retire now?  Or are you listening to naysayers who try to convince you otherwise?  On today’s Countdown to Retirement, Gregg MacInnis urges you to seek out a financial professional who can give you straight answers based on facts.  And if you encounter obstacles, how to work around t…

What’s the first step if you made a New Year’s Resolution to make a retirement plan?

What’s the first step if you made a New Year’s Resolution to make a retirement plan? Most resolutions made at the beginning of the year vanish within weeks.  One of the most common is to plan for retirement.  On today’s Countdown to Retirement, Gregg MacInnis explains how he can help you keep that…

Will you be ready if Social Security benefits are cut during your retirement?

It’s no secret – if Congress doesn’t act, Social Security benefits could be cut as soon as 2033.  That could add up to be a big chunk of money!  So, what can you do now?  On today’s Countdown to Retirement, Gregg MacInnis explains how he can run a Social Security assessment and devise a strategy to…

Are you afraid to spend your hard-earned retirement money?

During our working years, we concentrate on saving for retirement. Once we leave the workforce, we’re supposed to enjoy that money. But the fact is many retirees are afraid to spend because they fear they will run out of money, even if that’s not the case.  On today’s Countdown to Retirement, Gregg…