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Asked on 1/2/2009
A NewRetirement User says
I suggest you go for an Individual Voluntary Arrangement (IVA) which really helps you to reduce the tax and other extra charges. I am personally using this for debt management and repay the debt relief order uk. I am very much satisfied with the features after using this. For more information please click the link ... (Read More)
Asked by someone from ID on 1/19/2020
Michelle Dash
Michelle Dash, Financial Advisor says
You have 12 months from the start of receiving Social Security to withdraw your benefit. At the time you change your mind to reverse your benefit, you must be able to pay Social Security back in cash for all of the distributions you received. In your case, you have received almost a year of benefits, so you have to return the entire amount in a ... (Read More)
Asked by a 68 year old man from PA on 1/26/2020
Michelle Dash
Michelle Dash, Financial Advisor says
For every year you delay Social Security, you increase your benefit by approximately 8%. The age you file is a personal decision that should consider if you have a spouse, your cash flow, your health, your other assets, you taxable income and many other factors. Considering just your expenses ignores the other dimensions and is not recommended. ... (Read More)
Asked by someone from NJ on 2/3/2020
Michelle Dash
Michelle Dash, Financial Advisor says
Social Security requires that you have worked 40 quarters (where you paid Social Security Tax) over the course of your adult life. Even if you haven't worked every year, if you reach this threshold in aggregate you will qualify. (Read More)
Asked by a 56 year old man from MO on 12/31/2019
Michelle Dash
Michelle Dash, Financial Advisor says
Great question, it is wonderful that you are thinking about the cost-benefit analysis of your mortgage. To answer this question specifically, you will need to work with an advisor who can help you view this question in context of your overall financial life. Having a mortgage in retirement can be a good or bad thing depending on your spending ... (Read More)
Asked by someone from GA on 12/6/2019
Michelle Dash
Michelle Dash, Financial Advisor says
Health care plans are very unique to a company, you should call your previous employer and ask them if being a secondary health insurance provider is part of their plan. Some allow this, and many do not. Great question! (Read More)

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