Craig Bonney Prudential Advisors

Eight Strategies for Deciding When to File For Social Security

Let's have a conversation. Call Craig Bonney (954) 646-6155 [email protected]

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Eight Strategies for Deciding When to File For Social Security Applying at age 70 maximizes your monthly payout, but claiming early could provide advantages that can’t be quantified on a spreadsheet.

11 Mindsets That May Actually Be Hurting Your Financial Progress

Contact me for more information (954) 646-6155 [email protected] By providing links to other sites, Prudential does not guarantee, approve, or endorse the information or products available on these sites or the operators of these sites.

Prudential is not affiliated with Kiplinger.

11 Mindsets That May Actually Be Hurting Your Financial Progress To change your finances, you’ll first need to change your thinking.

You’ve worked hard. Don’t let the current market disrupt that.

Contact me to book your no obligation consultation at [email protected] today.

I’m proud to share that Prudential Advisors has been named Employer of Choice for Advisors by Investment News! This prestigious award is a testament to our organization’s dedication to fostering a supportive and growth-oriented environment for all our financial professionals. Read on to learn what actions we’re taking to help our advisors grow their business: https://bit.ly/4e06h89

Interested in learning about your own career opportunities at Prudential Advisors? Contact me today or visit www.prudentialadvisors.com

Showcasing and celebrating top-class honors with InvestmentNews Awards Employer of Choice winner Prudential Prudential Advisors embeds best practices in creating an outstanding advisor experience.

With traditional pensions becoming a rarity, those of us at 55 are increasingly depending on 401(k)s, more so than older generations. It's a critical time, especially when the average savings hover around less than $50,000—significantly less than the recommended eight times our annual income.

Learn more from Prudential’s “2024 Pulse of the American Retiree Survey” - https://bit.ly/planadviser-pru-jun24

55-Year-Olds Twice as Likely to Rely on 401(k) Compared to Predecessors | PLANADVISER The reliance on 401(k)s means retirement industry must turn attention to this group about 10 years from the traditional retirement age.

A new episode of PGIM Market Commentary is here – topics highlighted: Renewed recession fears, initial jobless claims, and Q2 earnings season. 🎧 Listen here: https://bit.ly/pgim-marketcommentary

Recent findings from Prudential’s “2024 Pulse of the American Retiree Survey” reveal a significant shift in retirement planning. With the decline of traditional pension plans, 55-year-olds are now almost twice as likely to rely on 401(k)s compared to older generations. This demographic reports a median retirement savings of less than $50,000—far below the recommended eight times their annual income.
As financial advisors, it's crucial to address these challenges proactively. Here’s how you can help:

1. Educate on the Importance of Early Savings: Highlight the necessity of starting early to leverage the power of compound interest.
2. Budget for Retirement: Assist clients in understanding their current financial status and how it projects into their retirement plans.
3. Explore Income Streams: With the demise of pension plans, consider introducing your clients to alternatives like income-based annuity products and dividend-paying stocks and bonds to supplement Social Security.

See more insights from Brandon Goldstein, Financial Planner from Prudential Advisors and Dylan Tyson, President of Retirement Strategies - https://bit.ly/planadviser-pru-jun24



Annuities are issued by Pruco Life Insurance Company, Newark, NJ (main office). Pruco Life Insurance Company, a Prudential Financial company, is solely responsible for its own financial condition and contractual obligations.

55-Year-Olds Twice as Likely to Rely on 401(k) Compared to Predecessors | PLANADVISER The reliance on 401(k)s means retirement industry must turn attention to this group about 10 years from the traditional retirement age.

Knowledge is power when planning for your future, especially with 90% of women poised to be the sole financial decision maker at some point in their lives. Are you ready to learn about unlocking your financial power?

Save your seat to join the Greater Florida Financial Group on June 13th for best practices on securing financial independence: https://bit.ly/wiredtoinvest-fl

Financial equity for women has come a long way, but there’s still work to be done. Hit the link for strategies that can help women overcome the unique financial challenges they face – until the scales are balanced once and for all.

Financial challenges women face—and how to overcome them Even though women have more control than ever over their own finances, plenty of inequities still hold them back.

Prudential Financial is proud to once again be recognized by our peers as one of Fortune’s World’s Most Admired Companies.

One in five parents say they’ve tapped into retirement savings to help adult children with their finances. By setting financial expectations with your family now, you can avoid depleting your own resources later.

Prudential’s Delvin Joyce shares more on the importance of financial planning among today’s economy in a new article from Barron’s:

Parents Are Spending Retirement Savings to Help Boomerang Children A Bankrate report found that almost 70% of parents with adult children have made financial compromises to support them.

As we step into the new year, it is the perfect time to review your finances. Explore these five financial tips to help make sure you stay on track this year.

Five Financial To-Dos to Help You Stay on Track in 2024 These financial planning steps can help ensure your financial wellness for the rest of the year, so take some time to look at your goals, debt, taxes and more.