 Social Security Retirement Benefits Funding: Time to Fix the Problem?With a
growing aging population and fewer workers paying into OASI due to a declining
birth rate, the U.S. has an increasing problem on its hands to continue
supporting the social security retirement benefits system. In the world of retirement planning, Social Security
retirement benefits, referred to as Old Age and Survivors Insurance by the
Social Security Administration (OASI), are still included as a source of income
in retirement, but should it be? Read More >>
 Can Your Retirement Plan Pass a 'Stress Test?'Pre-planning for challenging events now and in retirement is
a crucial part of the financial planning process. In our working years, we work and save toward retiring
someday, creating our retirement story. Our story may include daily golfing,
living somewhere different, or participating in activities we enjoy each day
that help to fill our minds with a picture of our retirement. But the plan of
relocation and nonstop action should be
stress tested to
ensure they are possible, primarily if a recession occurs early in retirement. Read More >>
 2018 Was a Great Year for Fraud?Today, digitization of services from banking to online
shopping has made us more vulnerable to fraud, and more reluctant to building
trust online. 2018 was a record year for fraud in the U.S. and twenty-one
other countries, according to Experian’s 2019
Global Identity and Fraud Report https://www.experian.com/decision-analytics/global-fraud-report.html
released earlier this year (February 2019). As the digital world advances, so
does fraud. Read More >>
 Tax Planning and Your InvestmentsAdvisors can provide tax
information on the financial
products they sell to their clients
when it is within the scope of
their professional licensing and
the client’s financial planning. ‘Tax advice’ is left to federally authorized tax practitioners
who prepare tax returns and defend clients pursuing relief from federal agencies
for their own tax payments or to dispute tax payment errors. Financial advisors
don’t provide tax advice, but provide information on the tax consequences of
specific investments they sell or recommend to clients. This type of advice is within the scope of financial planning. Some financial advisors are CPAs
(Certified Public Accountants) or have the CFP (Certified Financial Planner)
designation and can prepare tax returns for their clients. Read More >>
SAI June 2019 Newsletter Approval 2556250.1
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