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Pam Sams Gives Our Annual NABBW Social Security Update

October 22nd, 2020

Other Episodes December 17, 2020 Pam Sams Shares Her 2020 Year-End Financial “To-Do” List Listen November 19, 2020 Pam Sams Discusses... Read More

Have You Budgeted for Retirement? Here’s Why You Need to Create a Strategy for Success.

October 15th, 2020

Provided to the NABBW by Pamela J. Sams, CRPC, BFA, MBA, NABBW’s Retirement Planning Associate Run the numbers. There is a rule of thumb for retirees suggesting that retirement income has a target of 70-80% of the household’s end salary, though this can certainly vary. So, years before leaving work, sit down (perhaps with the financial professional you know and trust) and take a look at your household’s monthly expenses.1 The closer your household gets to retirement, the more exact you will want to be about your income needs. You first want to look for changing expenses: housing costs... Read More

Pam Sams Talks About Medicare 2021

September 17th, 2020

Other Episodes December 17, 2020 Pam Sams Shares Her 2020 Year-End Financial “To-Do” List Listen November 19, 2020 Pam Sams Discusses... Read More

Divorcing at 50+? Why You Need a Financial Planner

August 27th, 2020

Other Episodes December 17, 2020 Pam Sams Shares Her 2020 Year-End Financial “To-Do” List Listen November 19, 2020 Pam Sams Discusses... Read More

August 31st, The 2020 RMD Income Tax Relief Deadline Is Almost Here: Important Facts You Must Be Aware Of

August 21st, 2020

Provided by Pamela J. Sams, CRPC©, BFA™ and NABBW’s Retirement Planning Associate Are you one of the many retirement account holders who took a mandatory distribution this year? If so, you may be able to manage the taxes associated with Required Minimum Distributions (RMDs) from traditional IRAs and 401(k)s. There are some essential details to keep in mind, however. Here’s what you need to know. Don’t forget the withholding Thanks to the Coronavirus Aid, Relief, and Economic Security (CARES) Act, those who hold certain retirement accounts can bypass the required minimum distributions... Read More

Pam Sams On “What’s the Deal with Social Security for Women?”

July 30th, 2020

Provided by Pamela J. Sams, CRPC®️ BFA™️ MBA – NABBW’s Retirement Planning Associate In my position as principal of Jackson Sams Wealth Strategies, in Herndon, Virginia, I often find myself counseling my clients on Social Security. I often find myself explaining that when Social Security was enacted in 1935, it was conceived as an entitlement program. Since, at that time, people didn’t live much past age 65, the amount of time you would actually be expected to  receive a check from the Social Security Administration (SSA) was very short.   Even when our parents retired, living... Read More

The 8,000 Days of Retirement

July 24th, 2020

Other Episodes September 27, 2019 Medicare 101 Listen June 20, 2019 ... Read More

Financial Recovery after COVID

June 11th, 2020

Other Episodes December 17, 2020 Pam Sams Shares Her 2020 Year-End Financial “To-Do” List Listen November 19, 2020 Pam Sams Discusses... Read More

How Women Can Prepare For Retirement: A practical financial checklist for the future.

April 24th, 2020

Provided by Pamela J. Sams, CRPC®️ BFA™️ – NABBW’s Retirement Readiness Associate When our parents retired, living to 75 amounted to a nice long life, and Social Security was often supplemented by a pension. Today, the Social Security Administration (SSA) estimates that the average 65-year-old woman will live to age 86½. Given these projections, it appears that a retirement of 20 years or longer might be in your future.1,2 Are you prepared for a 20-year retirement? How about a 30-year or even 40-year retirement? Don’t laugh; it could happen. The SSA projects that about 33%... Read More

The 2020 CARES Act: What’s In It For Me?

April 9th, 2020

Other Episodes December 17, 2020 Pam Sams Shares Her 2020 Year-End Financial “To-Do” List Listen November 19, 2020 Pam Sams Discusses... Read More