How To Be Cybersafe In An Increasingly Dangerous Cyberworld

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Famed investor Warren Buffet, a decidedly non-techy kind of guy, has publicly stated that cyberattacks may represent a greater threat to humanity than nuclear weapons.

Microsoft estimates that the worldwide cost of cybercrimes could be as high as $500 billion. Others predict that this number could climb into the trillions of dollars in the next few years.

Cybersecurity and the protection of your financial accounts and other digital assets is a growing problem in today’s tech-dependent world.

Watch this 1-minute video to see how many of these basic strategies you are taking to be cybersafe.



How Much Of Your Social Security Benefit Is Taxable?

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For the past 40 years or more you have paid into the Social Security system with the promise that someday when you retire, you will receive a guaranteed monthly income for the rest of your life. Along the way, your employer has kicked in a matching contribution equal to 100% of your contribution.

At the end of your working life there should be a giant pile of cash with your name on it. And there is (figuratively speaking anyway). But it comes with a giant string attached.

In this case, the catch is that up to 85% of your monthly benefit is considered taxable income once it’s paid out to you. What’s more, depending on the state you live in, you may owe state income tax on those benefits as well. (Bad news fellow Minnesotans. We live in one of those states).

The following post will explain how much of your benefit is taxable and what, if anything, you can do about it.

How To Know When To Start Collecting Social Security Benefits

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“When Is the best time to start taking Social Security benefits?” Retiring clients ask me this question more than just about any other. I often answer them with two questions of my own, “How long do you think you will live”? And, “Can you afford to delay receiving benefits?”

How Social Security benefits work

Most people receive their full social security benefit somewhere between age 66 and 67, also known as Full Retirement Age (FRA). Generally, benefits may be taken as early as age 62, but it comes with a price.

How Your Social Security Benefits Are Calculated

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August 14th marks the 83rd Anniversary of Social Security. To mark the milestone I will be posting additional content throughout the month of August regarding social security benefits and how it effects your retirement plan.

To kick things off, check out this short video describing how your social security retirement benefits are calculated and why it may pay to wait.




The Lesson I Learned From A $2,000 Cup of Coffee

Photo credit: Jason Wong. Unsplash.

On July 12th I was at work when I received a phone call from my wife. Her first words were, “Don’t freak out, but…”.

That’s never a good way to start a phone call, but I bit my tongue, sat back, and listened.

According to the website,, 30% of people never back up their computers, phones or other devices. And 29% of disasters are caused by accident.

Ooops! I was about to become a statistic.