Bill Losey


Bill's latest writings
How Long Will It Take To Double Your Money?

Q uestion: I just inherited $50,000. If I put it in a bank CD, how many years will it take before its worth $100,000? Answer: 14.4 years assuming your interest rate is 5%. (posted by Bill 4 years 213 days ago.)
The Social Security Dilemma

Question: Im 62 and still working. Is it better to take Social Security now or should I wait? Answer: It depends on a lot of factors. Social Security retirement benefits usually begin at full retirement age (FRA), which is currently age 65. For those born after 1937, FRA will be gradually increased until it reaches 67 for those born in 1960 or later. A worker can earn a larger benefit by continuing to work past their FRA.... (posted by Bill 4 years 291 days ago.)