Have you ever wondered what happens to your stuff after you’re gone? If you don’t plan carefully, your loved ones might end up dealing with something called “probate” – a word that makes many estate planning experts cringe I’ve researched this topic extensively, and today I’m sharing why avoiding probate might be one of the … Read more
With a Roth IRA, kids can save for retirement without having to pay taxes on their earnings for many years. They can also take money out of the account whenever they want without having to pay taxes or penalties. The products shown on this page are mostly or entirely from our advertising partners. They pay … Read more
From a budget lifestyle to a comfortable retirement, learn how much super you need to retire your way. It can be stressful to think about retirement. As an Aussie who plans to retire at age 65, I’ve spent countless hours trying to figure out how much super I’ll need to live comfortably. Let me tell … Read more
Its easy to feel like everyone has their financial act together—everyone, that is, except you. But the truth is, many people are anxious about their financial standing and wonder how theyre doing, especially when it comes to retirement savings. You might want to look at the average amount saved for retirement by age to see … Read more
A long time ago, when you turned 65, you could get both full Social Security retirement benefits and Medicare coverage at the same time. But in the past few years, the Social Security Administration (SSA) has raised the full retirement age twice. First, for people born between 1948 and 1954, it was raised to 66 … Read more
If your spouse designated you as a beneficiary of their 401(k), you have various options with the inherited 401(k). Here are the options you have. 4 min read. Inheriting a 401(k) after the death of your spouse is different from inheriting other types of assets. When someone inherits their spouse’s retirement assets, the IRS has … Read more
These reviewers are experts in their fields and professional writers who often work for reputable newspapers and magazines like The New York Times and The Wall Street Journal. Our expert reviewers review our articles and recommend changes to ensure we are upholding our high standards for accuracy and professionalism. Our expert reviewers hold advanced degrees … Read more
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