Social Security: What Should You Do at Age 62?
Although collecting early retirement benefits makes sense for some people, there's a major drawback to consider.
What is Modified Adjusted Gross Income and Why is it Important to Retirement Planning?
As an individual or couple planning for retirement, you need to be familiar with the term "Modified Adjusted Gross Income" or MAGI. It's a term that is thrown around a lot in retirement planning, but it can be hard to understand what it means without some explanation. However, it is not only important to understand what it means, but you also need to understand how it is used.