Claiming benefits past 70 can be a wise move for those who are able to. But keep in mind certain pitfalls if you decide to choose this option for receiving Social Security benefits.
Sometimes only taking the minimum IRA distribution can be a costly mistake. When deciding how much to withdraw this year, you need to consider the big picture. For some people, it makes sense to go big.
“Gray divorce” — the unfortunately named term for divorce after age 50 — is increasing among baby boomers.
There are many options, but the best use of the money is different for each widow and her unique circumstances.
Resist the urge to use your will for vengeance
Does your retirement budget account for all of these costs?
Leaving behind a huge tax bill for your heirs with the stretch IRA scuttled? Here are some ways around it as lawmakers consider an updated SECURE Act.
Tax rules on individual retirement accounts (IRAs) are different for inherited IRAs. Some differences are positive.
Social Security benefits are a vital source of income for many retired Americans. However, as with any income, the federal government is able to tax Social Security benefits—how much depends on the retiree’s income.
Money Talks News’ recent article entitled “7 Social Security Benefits You May Be Overlooking” says that the Social Security Administration provides payments to spouses, children and those with disabilities, among others. Let’s look at this in detail. Spousal benefits via a husband or wife. Spouses can get up to half of their husband’s or wife’s…
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