Although you can begin claiming Social Security as early as 62 years old, your benefit will be reduced unless you wait until your full retirement age (usually age 66-67 depending on when you were born). You can also delay taking Social Security until after your full retirement age to increase your benefit. Planning Social Security around your needed cash flow in retirement to create a consistent income is critical, and one of many things the iNNOVA Wealth Partners team can help you with.
A little known fact is that more people perish coming down Mount Everest than while climbing up. The clients we normally work with have already traversed the mountain of accumulating their wealth and now face the challenges of converting their assets into an income stream through retirement, i.e. their descent down the retirement mountain. This takes a different approach and different skills. A sharp focus on risk management, longevity/income planning, and tax efficiency is required while generating higher returns at any cost becomes less of a priority.
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Treatment vs Prevention: An Ongoing Choice
As many clients know, my girlfriend is in the medical industry. The other day we were having a conversation about treatment & prevention of skin ailments. While treatment must occur for existing ailments, taking preventative action to avoid future illness can save a patient tremendous […]Read More
The Debt Ceiling: A New Perspective on an Old Debate
It’s that time of the political cycle again, folks. The ongoing, never ending, and never resolved debate about the U.S. debt ceiling is making its way back into the news. Of course, politicians will never waste a good crisis as a way to further their […]Read More
Chip Bromley Interviewed by Money Geek!
Today we’re excited to share that Chip Bromley, one of iNNOVA’s principals, was interviewed by Moneygeek.com! Below is his interview and a link to the entire panel’s conversation around debt! Expert Insight on Coping With Debt Chip Bromley, AIF, CAIA Principal at iNNOVA […]Read More