Happy New Year! This is the time of New Year’s Eve parties, watching the ball drop, buying new 2012 wall calendars and of course New Year Resolutions. One of the most common resolutions to make is to go to the gym regularly. Of course most of us know how long that resolution lasts: about two weeks.
The first of the 80 million baby boomers in the United States reached 65 years old this year which means they will start tapping into the Social Security system if they have not already. If you’re one of the baby boomers nearing retirement, do you know some of the ins and outs of social security? Are you aware of some of the strategies that can affect your benefits?
With this in mind I will dedicate my next two articles on the basics of Social Security and Part 2; Withdrawal Strategies.