Tips and Resources that Everyone Can Use
Claiming Social Security benefits early (at age 62) typically results in a 30% reduction in lifetime benefits versus waiting until your full retirement age (age 67 for workers born in 1960 or later).
Fortunately, a "do-over" option is available. If you claimed early and now have the financial resources to reconsider, you can potentially boost your benefit by up to 24% by suspending your Social Security payments for 1 to 3 years after you reach your full retirement age. For more information, check out this article from AARP or visit www.aarp.org/social-security/faq/suspend-then-restart/.
Q&A
Q: How often should I review my credit history?
A: It’s a good idea to review your credit history at least once a year. Regular reviews can help you spot errors, identify signs of identity theft and ensure that your credit accounts are being reported accurately.
However, if you're actively working to improve your credit score, planning to apply for a mortgage, auto loan or credit card, or have been the victim of fraud in the past, reviewing your credit reports every few months may be worthwhile. Federal law allows consumers to access free credit reports from each of the three major credit bureaus (Experian, TransUnion, and Equifax), which are available at annualcreditreport.com.
QUARTERLY REMINDER
Regarding your workplace retirement account, your recordkeeper likely prompts you to change your password every quarter. But is it as strong as it should be? Check out the U.S. Cybersecurity & Infrastructure Security Agency (cisa.gov) for tips on choosing a strong password.
TOOLS AND TECHNIQUES
Major life events — such as changing jobs, getting married, having a baby, approaching retirement, or simply experiencing market volatility — can change how much investment risk you're comfortable taking.
Reviewing your risk tolerance every year helps ensure your investment mix still matches your goals, time horizon, and comfort level, giving you greater confidence to stay on track through changing markets. Your plan recordkeeper most likely provides an online investment risk tolerance quiz that you can easily access. Plan to revisit the quiz on an annual basis, perhaps on your birthday or at the end of each year.
CORNER ON THE MARKET
Basic Financial Terms To Know
Passive Income. Passive income is a regular stream of money that requires little or no continuous effort. The goal is to create a steady flow of cash without the daily commitment of a full-time job. Examples of this income include returns from investments, interest paid on savings accounts or bonds, stock dividends, and rent from real estate properties.
LPL Financial and its advisors are only offering educational services and cannot offer participants investment advice specific to their particular needs. If you are seeking investment advice specific to your needs, such advisory services must be obtained on your own separate from this educational material.
©2026 Kmotion, Inc. All rights reserved. This newsletter is a publication of Kmotion, Inc., whose role is solely that of publisher. The articles and opinions in this newsletter are those of Kmotion. The articles and opinions are for general information only and are not intended to provide specific advice or recommendations for any individual. Nothing in this publication shall be construed as providing investment counseling or directing employees to participate in any investment program in any way. Please consult your financial advisor or other appropriate professional for further assistance with regard to your individual situation.
1. Prior to requesting a rollover from your employer-sponsored retirement account to an Individual Retirement Account (IRA), you should consider whether the rollover is suitable for you. There may be important differences in features, costs, services, withdrawal options, and other important aspects between your employer-sponsored retirement account and an IRA.
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