I kind of like the title of this article. Only one actual word (after the “intro”)…everything else is an acronym or made-up word. So, let’s first define the acronyms: As a military retiree or federal employee with military connections you’re in a unique position when it comes to healthcare options. Having access to both TRICARE … Read more
This information comes from the National Academy of Social Insurance to help people learn more about Social Security, which is still a big part of how Americans and their families can plan for their retirement. We encourage you to use the information on our site to increase your familiarity with social insurance programs as they … Read more
Roth IRAs for kids are a great retirement tool, because children have decades for their contributions to grow tax-free, and contributions can be withdrawn tax-free and penalty-free at any time. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our … Read more
You don’t just say “I do” and live happily ever after when you get married. When two people get married, they don’t just join their hearts; they also join their wallets! As someone who has helped many newlyweds figure out their finances together, I can say from personal experience that marriage changes the way people … Read more
Giving to a loved one or charity can be one of lifes greatest joys. But when it comes to gifting, there are some key issues, including potential tax implications, that youll want to keep in mind in order to make the most of your gift. Because giving gifts can’t be taken back, you should think … Read more
NOTE: The Social Security Fairness Act was signed into law on January 5, 2025. As a result, the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO) have been repealed. This article reflects information prior to the repeal and may no longer be applicable. If you have to deal with the Windfall Elimination Provision … Read more
Trusts can be an excellent way to manage your assets and protect your family. However, if you are considering selling a house in a trust, it can be difficult to know where to start. This is because there are specific procedures that must be followed to complete the sale. Itâs not a question of simply … Read more
With a Roth IRA, contributions are not tax-deductible, but earnings can grow tax-free, and qualified withdrawals are tax- and penalty-free. Roth IRA withdrawal and penalty rules vary depending on your age, how long youve had the account, and other factors. So you’ve been diligently contributing to your Roth IRA for retirement, but now you’re dreaming … Read more
There is no fixed retirement age in the UK. In other words, an employer can no longer force any employee to retire when they get to a certain age, which used to be the case. There is no longer a default retirement age of 65 in the UK. This means that you can work as … Read more
It can be hard to figure out your Social Security benefits when you’re missing pieces. A lot of my readers, especially women who want to know if they can get their husband’s benefits, have asked me to spend hours researching this subject. Depending on your situation, the length of your marriage requirements may be different. … Read more