by Ken Himmler
How Can You Buyback Social Security And Increase Your Monthly Income?
For a long time, Social Security has been raising our rates at unprecedented increases. This has to do with the insecurity and loss of stability within the Social Security system. The Social Security system is in such disarray at this point that even David Walker has quit his post here in 2008. This is quite unfortunate because David Walker was one of the greatest proponents of the problems with Social Security. Social security, having its many pitfalls is still the most common retirement plans. There are lots of things that are not understood about this particular retirement option.. living retirement investments, retiremen,t retirement calculator retirement planning retirement calculators investments and investmenbanking I recently wrote another article, which you can read on iamllc.biz about the problems with Social Security. In addition, there are some links on iamllc.biz that will help you understand exactly how Social Security is computed, as well as some of the problems, regulations and rules.. One of the ways that we have been working with clients recently has been to do what is called a Social Security buyback. It may be worthwhile to consider this retirement plan but it bears a little clearing up. investments and investmenbanking 401k retirement military retirement retirement savings calculator retirement living individual retirement living individual .. living retirement investments, retiremen,t retirement calculator retirement planning retirement calculators investments and investmenbanking, retirement, investment Let me explain how this works. Social Security computes your income based upon the amount of years, quarters and income that you earn. It depends upon when you take your full Social Security retirement or if you take early Social Security retirement that determines your monthly income. The simple retirement calculation gives you a rough estimate of how much you will receive. military retirement calculator retirement savings retirement services military pay retirement age retirement banking & investment law retirement living individual investments and investmenbanking 401k retirement military retirement retirement savings calculator retirement living individual retirement living individual .. living retirement investments, retiremen,t However, there is a very little known fact within our Social Security system that allows you to buy back with a lump sum of money to a prior date. The reason that this is such a little known fact is that the government does nothing at all to promote it because it is in my opinion, a disadvantage to the Social Security system as a whole, if people could take early retirement and add a later date, they couldn't then buy back their Social Security to their current age without having to pay market increase rates. retirement living individual retirement accounts, retirement age, florida retirement, retirement planner, investment, military retirement calculator retirement savings retirement services military pay retirement age retirement banking & investment, retirement, investment, Now, the way that it works is you buy back with a lump sum of money back to the original date that you started taking Social Security or to whatever date may be most advantageous for you. This is in a sense very much like buying an annuity through an insurance company. With an annuity [you can read more about immediate annuities and other retirement plans by going to iamllc.biz] you put in a lump sum [this is an immediate annuity only not a deferred annuity] and the insurance company, based upon the option that you chose will give you a monthly income for either a stated period of time or for your lifetime and they can even base it upon one life or two lives. But to explain this investment and retirement concept I need to ramble off into another area so that you can really understand how Social Security buyback works. military retirement calculator retirement savings retirement services military pay retirement age retirement banking & investmentrailroad retirement board, disability retirement, job retirement, railroad retirement retirement living individual, retirement calculator retirement savings retirement services military pay retirement At Integrated Asset Management, our goal is to make sure that retirees do not outlive their assets. We do this by a number of different methods including using immediate annuities otherwise known as longevity insurance. When your goal as a conservative investor is to make sure that you live rich and stay wealthy your goal is to make sure that your money at least keeps up with inflation and taxes and doesn't run out before you run out of life. If you understand how these annuities work, then you understand that what Social Security is, it's essentially a social benefit around an immediate annuity strategy. By you structuring your retirement plan in such a way that you have a base income whether it be Social Security, pension plan or an annuity, you can then structure the rest of your assets in other areas whether it be real estate investment, stocks, 401k retirement plan or bonds. We want to make sure your investment strategy will meet your needs. simple retirement calculator, calculation retirement, railroad retirement board, disability retirement, , retirement board, disability retirement, job retirement, railroad retirement retirement living individual, retirement calculator retirement s
This is the main goal of Social Security to provide a minimal benefit for the rest of your life. Let's get back to the Social Security buyback strategy. By you giving Social Security a lump sum of money [just like the insurance company] we can compute how many years we can buyback to a specific age. Again, this is just like an immediate annuity through an insurance company [wherein as you give the insurance company a lump sum of money and they give you an annual income for life]. retirement planning calculator, continuing care retirement communities, center retirement retirement planner Retirement, retirement calculator retiremen, Retirement, retirement calculator retirement planning, retirement calculators, retirement, investment, retirement, florida retirement. Military retirement, retirement Let me give you an example of how this might work. Let's say that John retired at age 62, therefore he took early retirement from Social Security. Currently John is getting $1,000 per month at age 70. Now for the sake of simplicity let's make the assumption that John did not get any inflationary increases over the last 8 years. So John has received $12,000 per year for the last 8 years, so John has received a total of $96,000 from Social Security. If John currently took Social Security at age 70, let's further assume that he would get $1,700 per month as opposed to getting $1,000 per month because he took at age 62. This would be the case since he delayed 8 years of taking Social Security. By John investing/paying back Social Security - $96,000, he is now bought back or paid back Social Security and now would be eligible for taking his Social Security at age 70. At age 70, he would receive $1,700 per month or $8,400 more per year. The rate of return that he would receive would be greater than 8.6% by taking the $86,000 and dividing it into the $96,000 that he paid. Based upon inflation and market rates currently, in order for you to beat inflation and income tax, this may be the perfect answer for those low yielding CDs or under performing investments or stock market volatility. Retirement, retirement calculator retirement planning, retirement calculators, retirement quotes, retirement teacher, .Retirement, retirement calculator retirement planning, retirement calculators, retirement quotes, retirement teacher, Retirement, retirement calculator retirement planning, retirement calculators, retirement A word of warning, everyone is different based upon your health, your marital status and many other factors that are involved. Like most investment strategies, it is not advisable, let me state that again, not advisable for you simply to endeavor into this transactional Social Security before you have a professional analyst to make sure that this will work out to your benefit. The government will certainly not advise you as to whether this is a good benefit for you or not. We have been struggling with a way to find an analyst that would do these computations for clients because it is an onerous task trying to contact Social Security, get the computations and if it is successful, then to fill out the paper work and to deal with the Social Security administration. We have received numerous requests from clients on this, on a request to produce this analysis but have not been very successful in finding the qualified analysts that would do it for the right fee. Most analysts are looking to do this for a fee in between $1,500 to $2,000. We've felt that that has been out of line and therefore we have made the investment into the software that can do this analysis for our clients or prospective clients. We have reduced the fee down to $400 for the full analysis and communication with Social Security. If this is something that you'd be interested in looking into, you can contact us by going to iamllc.biz. 401k retirement military retirement retirement savings calculator, military retirement calculator retirement savings 401k retirement military retirement retirement savings calculator, military retirement calculator retirement savings In closing, I will tell you that this is at this point a very little known fact that you can do this for Social Security to the point that only approximately 100,000 people per year are actually doing this. That's a small-scale considering the number of people that are on Social Security. This is but one of the many investment strategies you may employ to make your wealth last through retirement. However, it might be a retirement plan that could help your investment stretch into your future. Retirement, retirement calculator retirement planning, retirement calculators, retirement quotes, retirement teacher *****
About the Author
Kenneth Himmler has been teaching and coaching individuals and businesses on proper wealth management techniques since 1984. In addition to being the radio show host of two radio programs for over ten years he has also been the writer for three newspapers and has numerous articles published in financial journals. Kenneth Himmler is also the author of Live Rich Stay Wealthy for Women Only which was published in October of 2006 in addition to other
How Can You Buyback Social Security And Increase Your Monthly Income?
For a long time, Social Security has been raising our rates at unprecedented increases. This has to do with the insecurity and loss of stability within the Social Security system. The Social Security system is in such disarray at this point that even David Walker has quit his post here in 2008. This is quite unfortunate because David Walker was one of the greatest proponents of the problems with Social Security. Social security, having its many pitfalls is still the most common retirement plans. There are lots of things that are not understood about this particular retirement option.. living retirement investments, retiremen,t retirement calculator retirement planning retirement calculators investments and investmenbanking I recently wrote another article, which you can read on iamllc.biz about the problems with Social Security. In addition, there are some links on iamllc.biz that will help you understand exactly how Social Security is computed, as well as some of the problems, regulations and rules.. One of the ways that we have been working with clients recently has been to do what is called a Social Security buyback. It may be worthwhile to consider this retirement plan but it bears a little clearing up. investments and investmenbanking 401k retirement military retirement retirement savings calculator retirement living individual retirement living individual .. living retirement investments, retiremen,t retirement calculator retirement planning retirement calculators investments and investmenbanking, retirement, investment Let me explain how this works. Social Security computes your income based upon the amount of years, quarters and income that you earn. It depends upon when you take your full Social Security retirement or if you take early Social Security retirement that determines your monthly income. The simple retirement calculation gives you a rough estimate of how much you will receive. military retirement calculator retirement savings retirement services military pay retirement age retirement banking & investment law retirement living individual investments and investmenbanking 401k retirement military retirement retirement savings calculator retirement living individual retirement living individual .. living retirement investments, retiremen,t However, there is a very little known fact within our Social Security system that allows you to buy back with a lump sum of money to a prior date. The reason that this is such a little known fact is that the government does nothing at all to promote it because it is in my opinion, a disadvantage to the Social Security system as a whole, if people could take early retirement and add a later date, they couldn't then buy back their Social Security to their current age without having to pay market increase rates. retirement living individual retirement accounts, retirement age, florida retirement, retirement planner, investment, military retirement calculator retirement savings retirement services military pay retirement age retirement banking & investment, retirement, investment, Now, the way that it works is you buy back with a lump sum of money back to the original date that you started taking Social Security or to whatever date may be most advantageous for you. This is in a sense very much like buying an annuity through an insurance company. With an annuity [you can read more about immediate annuities and other retirement plans by going to iamllc.biz] you put in a lump sum [this is an immediate annuity only not a deferred annuity] and the insurance company, based upon the option that you chose will give you a monthly income for either a stated period of time or for your lifetime and they can even base it upon one life or two lives. But to explain this investment and retirement concept I need to ramble off into another area so that you can really understand how Social Security buyback works. military retirement calculator retirement savings retirement services military pay retirement age retirement banking & investmentrailroad retirement board, disability retirement, job retirement, railroad retirement retirement living individual, retirement calculator retirement savings retirement services military pay retirement At Integrated Asset Management, our goal is to make sure that retirees do not outlive their assets. We do this by a number of different methods including using immediate annuities otherwise known as longevity insurance. When your goal as a conservative investor is to make sure that you live rich and stay wealthy your goal is to make sure that your money at least keeps up with inflation and taxes and doesn't run out before you run out of life. If you understand how these annuities work, then you understand that what Social Security is, it's essentially a social benefit around an immediate annuity strategy. By you structuring your retirement plan in such a way that you have a base income whether it be Social Security, pension plan or an annuity, you can then structure the rest of your assets in other areas whether it be real estate investment, stocks, 401k retirement plan or bonds. We want to make sure your investment strategy will meet your needs. simple retirement calculator, calculation retirement, railroad retirement board, disability retirement, , retirement board, disability retirement, job retirement, railroad retirement retirement living individual, retirement calculator retirement s
This is the main goal of Social Security to provide a minimal benefit for the rest of your life. Let's get back to the Social Security buyback strategy. By you giving Social Security a lump sum of money [just like the insurance company] we can compute how many years we can buyback to a specific age. Again, this is just like an immediate annuity through an insurance company [wherein as you give the insurance company a lump sum of money and they give you an annual income for life]. retirement planning calculator, continuing care retirement communities, center retirement retirement planner Retirement, retirement calculator retiremen, Retirement, retirement calculator retirement planning, retirement calculators, retirement, investment, retirement, florida retirement. Military retirement, retirement Let me give you an example of how this might work. Let's say that John retired at age 62, therefore he took early retirement from Social Security. Currently John is getting $1,000 per month at age 70. Now for the sake of simplicity let's make the assumption that John did not get any inflationary increases over the last 8 years. So John has received $12,000 per year for the last 8 years, so John has received a total of $96,000 from Social Security. If John currently took Social Security at age 70, let's further assume that he would get $1,700 per month as opposed to getting $1,000 per month because he took at age 62. This would be the case since he delayed 8 years of taking Social Security. By John investing/paying back Social Security - $96,000, he is now bought back or paid back Social Security and now would be eligible for taking his Social Security at age 70. At age 70, he would receive $1,700 per month or $8,400 more per year. The rate of return that he would receive would be greater than 8.6% by taking the $86,000 and dividing it into the $96,000 that he paid. Based upon inflation and market rates currently, in order for you to beat inflation and income tax, this may be the perfect answer for those low yielding CDs or under performing investments or stock market volatility. Retirement, retirement calculator retirement planning, retirement calculators, retirement quotes, retirement teacher, .Retirement, retirement calculator retirement planning, retirement calculators, retirement quotes, retirement teacher, Retirement, retirement calculator retirement planning, retirement calculators, retirement A word of warning, everyone is different based upon your health, your marital status and many other factors that are involved. Like most investment strategies, it is not advisable, let me state that again, not advisable for you simply to endeavor into this transactional Social Security before you have a professional analyst to make sure that this will work out to your benefit. The government will certainly not advise you as to whether this is a good benefit for you or not. We have been struggling with a way to find an analyst that would do these computations for clients because it is an onerous task trying to contact Social Security, get the computations and if it is successful, then to fill out the paper work and to deal with the Social Security administration. We have received numerous requests from clients on this, on a request to produce this analysis but have not been very successful in finding the qualified analysts that would do it for the right fee. Most analysts are looking to do this for a fee in between $1,500 to $2,000. We've felt that that has been out of line and therefore we have made the investment into the software that can do this analysis for our clients or prospective clients. We have reduced the fee down to $400 for the full analysis and communication with Social Security. If this is something that you'd be interested in looking into, you can contact us by going to iamllc.biz. 401k retirement military retirement retirement savings calculator, military retirement calculator retirement savings 401k retirement military retirement retirement savings calculator, military retirement calculator retirement savings In closing, I will tell you that this is at this point a very little known fact that you can do this for Social Security to the point that only approximately 100,000 people per year are actually doing this. That's a small-scale considering the number of people that are on Social Security. This is but one of the many investment strategies you may employ to make your wealth last through retirement. However, it might be a retirement plan that could help your investment stretch into your future. Retirement, retirement calculator retirement planning, retirement calculators, retirement quotes, retirement teacher *****
About the Author
Kenneth Himmler has been teaching and coaching individuals and businesses on proper wealth management techniques since 1984. In addition to being the radio show host of two radio programs for over ten years he has also been the writer for three newspapers and has numerous articles published in financial journals. Kenneth Himmler is also the author of Live Rich Stay Wealthy for Women Only which was published in October of 2006 in addition to other
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Perfect example, perfect guideline and a perfect way of explaining how to increase Monthly Income.
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