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Retirement Income Planning

Social Security Benefits for Special Needs
Retirement Income Planning
Special Needs/Disability Planning
October 31, 20200Comments

Why Taking Social Security Retirement Benefits Early Often Makes Sense for Special Needs Families

The decision as to when to start Social Security benefits is a big decision for retirees. In many cases, it makes sense for a retiree to wait to collect benefits until
by Aaron Gilliam
Senior and granddaughter at a laptop
Retirement Income Planning
October 7, 20200Comments

What Will My Social Security Benefit Will Be at Retirement?

Tips for navigating the Social Security website Social Security is an important part of most family’s retirement plans. For special needs families, this benefit is of particular importance, because the adult child
by Aaron Gilliam
Bank account statements
Investment Planning
Retirement Income Planning
June 17, 20200Comments

How to Avoid Panicking When Your 401k is Down

The best way to avoid panicking when the balances in your 401k or other investment accounts go down is to learn some basics about the stock market and develop good
by Aaron Gilliam
Couple talking on chairs
Retirement Income Planning
Special Needs/Disability Planning
June 10, 20200Comments

Should I Take a Withdrawal or Loan from my 401K?

Millions of Americans are facing significant financial consequences as a result of the COVID-19 pandemic. Many special needs families are particularly hard hit because of the additional burdens of caring
by Aaron Gilliam
Grandparents with grandchildren
Retirement Income Planning
June 3, 20200Comments

Understanding the Family Maximum Social Security Benefit

Social Security is an important part of retirement planning both for the parents and the individual with a disability.  Family members can claim benefits tied to the primary household earner
by Aaron Gilliam
Family outside with child
Retirement Income Planning
May 7, 20200Comments

The SECURE Act and Retirement Planning Changes

The passage of the SECURE Act legislation in late December 2019 brought a few key changes that may impact your retirement planning. Several notable provisions included:  1. Stretch your IRA with
by Aaron Gilliam
CMP Financial Planning
Retirement Income Planning
Special Needs/Disability Planning
October 29, 20190Comments

Can Social Security Benefits Be Stopped?

For millions of special needs families and individuals with disabilities, Social Security benefits provide a key pillar of regular income. I was recently made aware of a situation where, to the
by Aaron Gilliam
CMP Financial Planning
Retirement Income Planning
October 29, 20190Comments

Should I collect Social Security retirement benefits early?

Social Security is a valuable but complex social benefits program. Most people are challenged to understand how to maximize the benefits they are entitled to. Even in the “simple” case of
by Aaron Gilliam
CMP Financial Planning
Retirement Healthcare & Eldercare
Retirement Income Planning
October 29, 20190Comments

Making Long Term Care a Part of Your Financial Plan

In last month’s Disability Insight article I discussed why my wife and I decided to buy long-term care insurance. For most Americans, long term care is the single biggest risk
by Aaron Gilliam
CMP Financial Planning
Retirement Income Planning
September 27, 20180Comments

Obtaining Your Social Security Benefit Estimate

 by Barry Jamieson, CFP®, MA As you approach retirement, you may want to estimate more precisely estimate what your monthly Social Security benefit will be.  For many this figure is important because
by Aaron Gilliam
CMP Financial Planning
DDS Financial Insights
Estate Planning & Charitable Giving
Retirement Income Planning
Special Needs/Disability Planning
September 17, 20180Comments

Planning for the Housing Needs of Your Child With a Disability

By Barry Jamieson Planning for the Housing Needs of Your Child With a Disability The current and future housing needs of a child with a disability are of particular concern to special
by Aaron Gilliam
CMP Financial Planning
Estate Planning & Charitable Giving
Retirement Income Planning
Special Needs/Disability Planning
August 13, 20180Comments

Do Roth Accounts Makes Sense for Special Needs Families?

Barry Jamieson,  CFP®, MA Since their inception, Roth accounts have been a great saving vehicle for families planning for their retirement. This saving tool has also been a nice way for
by Aaron Gilliam
CMP Financial Planning
Retirement Income Planning
Special Needs/Disability Planning
July 17, 20180Comments

Should I Buy an Annuity?

by Barry Jamieson, CFP®, MA Some of you may have been on the receiving end of a sales pitch to buy an annuity. The proposition that annuities defer taxes and guarantees
by Aaron Gilliam
CMP Financial Planning
Retirement Income Planning
June 15, 20180Comments

Should I Take My Social Security Retirement Benefit Early?

By Barry Jamieson, CFP®, MA Most special needs families understand the critical role Social Security plays in the financial wellbeing of their loved one with a disability.  For families with children
by Aaron Gilliam
CMP Financial Planning
Retirement Income Planning
Special Needs/Disability Planning
April 16, 20180Comments

Retirement Planning For Three

The initial planning energies of special needs families are often on hiring an attorney to draft necessary estate planning documents (e.g., wills, trusts).  Developing a solid financial plan for such
by Aaron Gilliam
CMP Financial Planning
Retirement Income Planning
October 2, 20170Comments

HSAs Double as Retirement Savings Vehicles!

More Americans are participating in high deductible health insurance plans, making them eligible to also participate in a Health Savings Account (HSA). HSAs can be a super retirement savings vehicle.
by Aaron Gilliam
CMP Financial Planning
Retirement Income Planning
January 15, 20170Comments

Social Security Benefits to Remain Flat in 2017

Because of the low inflation figures contained within the CPI index that determines Social Security increases, Social Security benefits are set to go up a mere 0.3% starting in January
by Aaron Gilliam
CMP Financial Planning
Retirement Income Planning
December 10, 20150Comments

Update: Congress ends one Social Security Maximization Strategy

Update: Congress ends one Social Security Maximization Strategy The budget deal that was signed into law recently gets rid of one of the key strategies that has increased lifetime Social Security benefits
by Aaron Gilliam
CMP Financial Planning
Retirement Healthcare & Eldercare
Retirement Income Planning
June 10, 20150Comments

Managing Healthcare Costs in Retirement

Managing Healthcare Costs in Retirement For those who are thinking about retirement, it is important to consider the impact that future health care costs will have on your budget. Although Medicare,
by Aaron Gilliam
CMP Financial Planning
Retirement Income Planning
March 10, 20150Comments

What Increased Longevity Means for Your Retirement

What Increased Longevity Means for Your Retirement By Alissa Henry Good news! Older Americans are living longer than ever. However, that means retirees now need to save more than ever to make
by Aaron Gilliam
CMP Financial Planning
Retirement Income Planning
April 23, 20130Comments

Are Annuities Always a Bad Deal?

Are Annuities Always a Bad Deal? An annuity is a contract between you (the annuity owner) and an insurance company. In return for your payment, the insurance company agrees to provide either
by Aaron Gilliam

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