Don’t Believe Every Myth about Social Security

Don’t Believe Every Myth about Social Security

Did your parents ever tell you as a teenager to not believe “everything you hear”? It’s good advice and one I’ve told my own children. However, it’s not just what you “hear”, these days. With the explosion of technology, social media, and the high numbers of media outlets, the same advice can be applied to […]

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Protecting Yourself from Scams After the Equifax Hack

Protecting Yourself from Scams After the Equifax Hack

By now you have probably heard about the Equifax data breach (if not, you can read more about it here) and if the fact that millions of people’s personal information was linked to heaven knows who isn’t bad enough, here is even more concerning news. Scams relating to this breach are now out in full […]

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Is Social Security Tax Free?

Is Social Security Tax Free?

A very common question we are asked at Barber Financial Group is if Social Security is tax free. The quick answer is: If the only income you have is Social Security you will not pay any taxes on your Social Security. However, If you have other sources of income you could be paying taxes on […]

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5 Best Part-Time Jobs for Retirees

5 Best Part-Time Jobs for Retirees

If you’re approaching retirement but don’t want to stop working, a part-time job is a great way to spend some of your newfound freedom, and bring home extra income. But it doesn’t have to be unsatisfying; many great money-making opportunities exist for seniors. Here are five of the best: 1. Tutoring/Offering Lessons Whether it be […]

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Is the Economy Slowing Down?

It’s September, after a long Labor Day weekend, hope everybody had a nice time and was able relax and enjoy your family. August turned out to be an interesting month. We had a lot of things going on on the international stage, of course that’s no secret. We’ve got a lot of tensions coming around […]

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Will I Pay Taxes on My Inheritance?

Will I Pay Taxes on My Inheritance?

There are many different forms of inheritance. Some will carry a tax burden while others will not. When inheriting IRA money or money that is in any type of qualified retirement plan, the beneficiary will pay taxes when money comes out of these retirement plans. If properly structured, the beneficiary will have the ability to […]

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Should I Keep My Life Insurance?

Should I Keep My Life Insurance?

Life insurance has two basic purposes. The first purpose is to replace income that is lost from the person who passes away. The second one is designed to be a way to enhance the estate left behind for any beneficiaries. In regards to the first purpose, managing the risk of a premature death of either […]

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