480-706-0177

Wednesday, 11 May 2016 10:05

What Warren Buffett Might Say About Taxes

Warren Buffett is known as the Greatest Stock Market Investor of the last 5 decades. In 2015, he was ranked by Forbes Magazine as the 3rd wealthiest person in the world. He is known for many wise sayings about investments; the world of money; and life.

Wednesday, 27 April 2016 12:20

Protect Your Money

This is a turbulent time in the world of money. By mid-February, 2016, most U.S. stock market indices were down 10-16% from their all-time in May, 2015. The Dow-Jones Index closed on Friday, 4/24/2016 at 18,003.75, within 2% of the 52-week high on May 18, 2015, when the Dow-Jones Index closed at 18,298.88. People are confused as to how to protect their money.

In 2014, I wrote a 6-part series on Social Security Strategies with the first article, “How Social Security Strategies Affect Your Retirement”, 5/23/2014 AZ Republic by Dr. Harold Wong. The average retirement benefit was $1,294. For older Baby Boomers, full retirement age for purposes of Social Security (SS) benefits is 66. Only 5.2% of men waited until age 66 and only 1.2% waited until age 70 to take SS retirement benefits. Example: if SS benefits at age 66 were $2,000 per month, it would only be $1,500 at age 62 and $2,640 monthly at age 70. So why don’t people maximize their SS benefits?

This article covers long-held retirement rules of money that people have heard for decades.

According to recent research (see, “How Social Security Strategies Affect Your Retirement”, May 23, 2014 AZ Republic by Dr. Harold Wong), the average Social Security check to retired workers in 2012016-03-26 06:01:474 was $1,294 per month. Clearly, this is not enough to live on for a single woman. If the amount is doubled for a couple, it’s still not enough to have a comfortable lifestyle.

Page 7 of 9
 

Office Address

2141 E. Broadway Road
Suite 101
Tempe, AZ 85282

For more information

to contact Dr. Wong

Image

Connect With Us On

© Dr. Harold Wong
All Rights Reserved.

Site designed by
One Stone Web