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

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

By Jennifer Hipkiss CFP®, EA, MSFP for the NABBW Women are poised to be the leaders in wealth management over the next decade, with an estimated 40% of women controlling assets over $600,000 in America1. Unfortunately, taxation can erode growth of wealth and useable financial resources for your goals – what you earn net of taxes is your true wealth of useable money. Implementing tax strategies to preserve your money will help you grow your wealth, as well as, provide added security to your financial plan without additional risk. Fortunately, there are strategies to help you minimize your tax... Read More

Provided by Pamela J. Sams, CRPC, NABBW’s Retirement Planning Associate When our parents retired, living to 75 amounted to a nice long life, and Social Security was often supplemented by a pension. The Social Security Administration (SSA) estimates that today’s average 65-year-old female will live to age 86.6. 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- or 40-year retirement? Don’t laugh; it could happen. The SSA projects that about 25% of today’s 65-year-olds will... Read More

Announcing our next NABBW Financial Teleseminar featuring NABBW’s Retirement Planning Expert, Pamela J. Sams, CRPC.: “Top Six Things Women Must Know About Social Security.” Mark your calendars for Thursday April 4th at  8 PM Eastern (5 PM Pacific.) In this call we address Social Security – a topic of interest to everyone, and something that’s  been in the news a lot lately. Nearly every working American pays into the Social Security program, but not everyone understands the benefits they qualify for due to their contributions. And most workers will no longer get paper statements... Read More

Why Women Need Social Security By Pamela J. Sams, CRPC NABBW’s Retirement Planning for Women Expert Did you know that the first person ever to receive ongoing Social Security benefits was a woman? Ever since Ida May Fuller received the first retirement benefit check in 1940, women have been counting on Social Security to provide much-needed retirement income. Social Security provides other important benefits too, including disability and survivor\’s benefits, that can help women of all ages and their family members. Retirement benefits: a steady stream of lifetime income While... Read More