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Studdard Financial - Sarasota's "Fee Only" Investment Advisor

Sarasota's "Fee Only" Investment Advisor

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Should You Collect Social Security at Age 62?

June 2, 2017 by Byron Studdard

Many people are in a headlong rush to claim their Social Security benefits as soon as possible but, depending on their situation, this haste may be making waste.

Precisely when you should claim these benefits is a complex question. The answer depends on various personal factors and running the numbers to assess the upsides and downsides of waiting.

Normally, eligibility for benefits begins at age 62. Many people, unaware of the downsides of jumping too soon, claim as soon as they reach this age. Yet they might not be so quick on the trigger if they realized how much money their haste was costing them. The later you claim – until age 70, when benefits max out – the larger check you get each month.

The decision on waiting involves factors that everyone should consider as they project their various retirement income streams. These factors include:

[Read more…] about Should You Collect Social Security at Age 62?

Filed Under: Financial Planning

5 Car-Buying Traps and How to Avoid Them

June 2, 2017 by Byron Studdard

Cars are the second-most-expensive things that most people buy, and can be one of the greatest impediments to achieving financial security. There are myriad traps involved in deciding whether to buy a new car, negotiating its price and financing and insuring it.

Falling into these traps can be extremely costly and drain resources that could go toward other things, like college savings for your children or investing for your retirement.

Here are some of the deeper traps and the best routes for steering around them:

[Read more…] about 5 Car-Buying Traps and How to Avoid Them

Filed Under: Financial Planning

Recent Posts

  • An Open Letter To My Clients
  • Should You Collect Social Security at Age 62?
  • 5 Car-Buying Traps and How to Avoid Them

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1990 Main Street, Suite 750
Sarasota, FL 34236
*By Appointment Only

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5250 Hyland Hills Ave., #1512
Sarasota, FL 34241

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Sarasota, FL: 941.228.1016
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Toll Free: 800.989.3806
byron@studdardfinancial.com

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Note that the information provided is not intended to give any specific advice nor an offer to purchase or sell any securities. It is for informational purposes only. Please remember that past performance may not be indicative of future results. Information pertaining to Studdard Financial, LLC operations, services and fees is set forth in our current disclosure statement below.

Form ADV Part 2 a copy of which is available by clicking here

Carefully consider your investment objectives, risk factors, and charges and expenses before investing. Investing involves risk, including possible loss of principal. Consult your own advisor for implications of investing. Diversification and asset allocation may not protect against market risk. Studdard Financial, LLC is a registered investment adviser located at 5250 Hyland Hills Ave., Unit 1512, Sarasota, FL 34241. It may only transact business or render personalized investment advice in those states and international jurisdictions where we are registered or otherwise excluded or exempt from registration requirements. The purpose of this web site is for information distribution on products and services. Any communications with prospective clients residing in states or international jurisdictions where this firm and its advisory affiliates or investment adviser representatives are not registered or licensed shall be limited so as not to trigger registration or licensing requirements.

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