Archive - December 2012

1
4 Financial Tips For The Sandwich Generation
2
Calculating The Reduced Social Security Spousal Benefit
3
Another Good Reason To Delay Social Security Benefits
4
What Is A Stock Split And How Does It Impact Cost Basis (Your Taxes)?
5
Money And Children – Teaching Kids To Manage Cash

4 Financial Tips For The Sandwich Generation

We have been hearing alot about the Boomer generation, Gen X, and Gen Y, but I think we will begin to hear more about the Sandwich Generation over time. While the Boomers, Gen X, and Gen Y are classified based on their age, The Sandwich Generation is a life stage that can encompass a very wide range of ages. The term Sandwich refers to being stuck between aging parents and financial dependent children. It represents one of the most financially difficult times that we will experience in our lifetime.

Aging Parents:
Our aging parents were told many years ago that …

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Calculating The Reduced Social Security Spousal Benefit

Among the pile of very confusing calculations for various Social Security benefits is the incredibly confusing Spousal Benefit.  This calculation becomes even more confusing when filed for prior to Full Retirement Age (FRA), as it is further reduced.

Briefly, the maximum amount that a Spousal Benefit can be is 50% of the other spouse’s Primary Insurance Amount (PIA).  PIA, if you’ll recall, is equivalent to the amount of benefit that the other spouse would receive in benefits at his or her own Full Retirement Age.  The calculation is actually a bit more complicated than that.

The Spousal Benefit for Jane …

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Another Good Reason To Delay Social Security Benefits

As you likely know from reading many of my articles on the subject, I have long advocated the concept of delaying your Social Security benefit as long as possible.  This shouldn’t be a surprise – many financial advisors have espoused this concept for maximizing retirement income.

Lately there has been a white paper making the rounds, from a Prudential veep, Mr. James Mahaney, entitled Innovative Strategies to Help Maximize Social Security Benefits.  The white paper supports the very theme that I wrote about a couple of years ago in the post Should I Use IRA Funds or Social Security

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What Is A Stock Split And How Does It Impact Cost Basis (Your Taxes)?

Chances are, if you invest in a growing company over a long period, you will experience a stock split. But what exactly is a stock split and how does it impact your cost basis, which is used to calculate capital gains taxes?

There are two types of stock splits: forward and reverse. The most common is a forward split, where a company splits its stock into smaller pieces. Splits are denoted in ratios. For example, a two for one split is shown as 2:1. For example, if you have 100 shares of Intel (INTC) stock, worth $100 a …

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Money And Children – Teaching Kids To Manage Cash

The ability to manage cash flow is an extremely important skill for everyone. If you can help your children develop this skill you will give them something that will benefit them for the rest of their lives. The first problem in teaching this skill is that kids have no cash to manage. So how do you do it?  Give them a bit of income. Yep, give them an allowance. The allowance is one of the strongest teaching tools you can deploy in teaching your children good money skills.

The allowance gives you, the parent, a way to teach basic cash …

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