The most important consideration is that clients are able to complete the 35-year work period because benefits are based on the 35 highest-paid years from their careers.
A new report indicates that projected medical expenses of a 45-year old couple, after they retire, will be 122% of their total Social Security benefits.
Wealthy retirees live longer and collect more Social Security compared to those in lower income groups, making the program less progressive, a study found.
A couple who expects to earn a bigger income in the future is advised to convert part of their IRA into a Roth now while they are in a lower tax bracket.
