What If Estate Is Beneficiary of an IRA?
“It may sound like it makes sense, and it might be easier than picking a person (or two) to name, however there are some serious downsides to naming your estate as the beneficiary for your IRA.”
Do I Need All Insurance after 65?
“Retirement is when everything changes. Seniors may end up with new schedules, new hobbies, and even new homes. In the midst of all these exciting changes, don’t overlook the mundane: your insurance coverage.”
Social Security Retirement Age Changing and What Does that Mean to Payment?
“While you can start Social Security payments at age 62, your monthly checks are reduced if you begin collecting benefits at this age. To claim your full benefit, you need to sign up for Social Security at your full retirement age, which varies by birth year.”
Medicare or My Employer’s Health Plan better Option?
Let’s say that you work full time and have a very good medical insurance plan, but it’s costly, especially if you also have been covering the rest of your family. Say that the spouse is 60 and permanently disabled and has been told he’s eligible for Medicare. A common question is whether the working spouse […]
What are the Scariest Statistics for Retirement?
“There’s plenty of frightening data on retirement planning in the U.S., even before you consider COVID-19.”
Am I Missing Retiree Tax Breaks?
“For new retirees—especially those on a fixed income—it’s more important than ever to take full advantage of every tax break available. After all, you have to stretch out your retirement savings to cover the rest of your life. However, holding on to your money is becoming more difficult these days, thanks to the economic problems caused by the coronavirus pandemic. That’s why retirees really need to be on top of their tax situation.”
Turning 65 in 2020? Some Pointers for a Special Year
“Turning 65 is a major milestone for many Americans, as it is the traditional age at which they start thinking seriously about retirement.”
What Women Need to Know about Social Security
“Understanding the rules about Social Security benefits and when to start claiming Social Security can be difficult. However, they’re critically important, especially for women—since women typically live longer lives than men.”
On the Road to Retirement? Watch Out for Roadblocks
“Retirement should be a welcome reward for long years of hard work. However, unless you prepare now, it might not be the bed of roses you had hoped for.”
There are Many Possibilities in Life So Plan Ahead
You may win the lottery, but you may also have to battle a flood.
