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Asked by someone from VA on 4/17/2013
A NewRetirement User says
Steve is 100% right. I’ve researched selling a life insurance policy to companies who buy life insurance policies -- and it’s all about being 70+ but not just selling a life insurance policy for cash… it’s about selling universal life insurance or convertible term life insurance to a top life settlement broker or the best life settlement company ... (Read More)
Asked by a 60 year old man from KS on 12/9/2018
Steve Chen
Steve Chen,  says
Hi, To date we have been using the inflation rate set by the user, but capping it at 2%. We are about to change this to let it fully float with what is set by the user. Note - we are also looking at lowering pessimistic inflation assumption to be 3% based on more recent long term interest rates. Best, Steve (Read More)
Asked by a 61 year old man from LA on 5/29/2012
A NewRetirement User says
If you are thinking of retirement, you have to think that you have enough resources or income for your retirement? Retirement planning is process of planning your finances for achieve your goals during working years and retire life. Retirement planning helps you to maintain your lifestyle in retirement days. ... (Read More)
Asked by a 60 year old man from NM on 10/22/2018
Michelle Dash
Michelle Dash, Financial Advisor says
You are correct that when you convert money to a Roth IRA, usually from a 401k or Traditional IRA, you must pay tax on the amount converted. Once you convert to a Roth IRA, all of the money and capital gains will be tax free forever. This is often a good strategy if you plan to hold/grow the Roth IRA money for a long period of time. Or, if you are ... (Read More)
Asked by a 50 year old man from FL on 10/23/2018
Michelle Dash
Michelle Dash, Financial Advisor says
Hello, the best way to determine your Social Security benefit is to create an account with https://www.ssa.gov/. Or, you can call 1-800-772-1213 and speak with an agent. Your benefit will be based on the highest 35 years of earning, the age you retire and other factors. Full retirement age is 66 or older (depending on when you were born), so at 63 ... (Read More)
Asked by someone from GA on 11/9/2018
Michelle Dash
Michelle Dash, Financial Advisor says
Thank you for posting. There are many situations that result in social security back pay. Your post did not provide enough context to decipher why. If you have a specific question regarding this post, please add more details. Good luck! (Read More)

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