Supplemental Security Income (SSI) beneficiaries must comply with very stringent income and asset rules to receive benefits. One such rule is the resource allowance limit: A single SSI beneficiary may have only $2,000 of countable resources (for a couple, $3,000). Countable resources include items such as cash, bank accounts, stocks, bonds, certificates of deposit, brokerage … Read more
Unfortunately, the answer to this question is yes, an executor can be held liable. If you have an attorney, ensure that they are a qualified probate attorney. It is important for an Independent Executor to know a lot of things in order to do their job well. A qualified attorney will tell you exactly what … Read more
If you are still waiting for an economic impact payment or a new, fourth stimulus check in 2025, read on. You will also learn about President Trump’s possible tariff rebate and how to check on the status of your state or federal tax refund from the IRS without taking advantage of you. Reports say that … Read more
If you’re eligible for Social Security, which is usually at age 62, it can be tempting to start taking money out as soon as possible. After all, youve likely been paying into the system for all of your working life, and youre ready to receive your benefits. Plus, guaranteed monthly income is nice to have. … Read more
Hello, my name is Stan The Annuity Man, and I’m an American annuity agent licensed in all fifty states. I’m also the best teacher out here, and I do sell annuities if they’re right for you. If you want to connect with us, visit our website to learn about annuities and use our proprietary annuity … Read more
Would you like to know if you and your spouse can each have your own Roth IRA when you retire? The short answer is YES, a married couple can have two separate Roth IRAs. But to get the most out of your retirement savings, you should know about some important rules, limits, and strategies. I’m … Read more
The question “can I retire with 3 million” is becoming increasingly relevant as more Americans contemplate early retirement. The average age to retire in the United States is 61, so many people are wondering if they can retire with $3 million. It’s important to know how much money you need, especially when you think about … Read more
With the Autumn 2024 budget announcing fundamental changes to Inheritance Tax relief, further uncertainty has been cast over what is already, for plenty of people, a complicated set of rules to understand. It’s fully reasonable to want to get the estate valuation and probate processes out of the way in the wake of a loss, … Read more
Hey, Stan The Annuity Man here. Americas annuity agent. Yes, licensed in all 50 states. I want to help people all over the country understand annuities before they buy one. If we get to that point, we can help you with that at The Annuity Man. The question you want to know is how much … Read more
While pre-tax contributions are typically the 401(k) contribution of choice for most high-income earners, there are a few situations where individuals with big incomes should make their deferral contributions all in Roth dollars and forgo the immediate tax deduction. As a financial advisor who’s been working with high-income clients for years, I’ve noticed a surprising … Read more