There was a statistic going around that said 1 in 6 millennials have at least $100,000 saved. The reactions were mostly confusion and indignation. They were along the lines of, “I don’t know a single millennial with $1,000, much less $100,000. ” Or, “Maybe $100,000 of debt, amirite. ”. The 1 in 6 figure comes … Read more
You may have a chance to increase your Social Security Disability Insurance (SSDI) benefits by submitting a request to the Social Security Administration (SSA). However, the SSA will only increase your benefits in specific situations, generally if you’ve had a major change in your life. Life circumstances can change unexpectedly, and if your situation changes, … Read more
As a strategic partner who helps clients navigate and grow in changing circumstances, Tina is responsible for the direct management of the Citizens Wealth Management financial planning and estate planning team, including a team of CERTIFIED FINANCIAL PLANNERS™, estate and tax planners, and trust officers. Most people look forward to their retirement, dreaming of a … Read more
Working while getting Social Security benefits can be tricky. Many retirees worry that their extra income could mean less money in their monthly checks. I’ve done a lot of research on this subject to help you understand what kinds of income can affect your benefits and how much you can earn before your benefits go … Read more
A backdoor Roth IRA is a loophole that enables wealthier individuals to earn tax-free income. But its complicated. When you purchase through links on our site, we may earn an affiliate commission. Here’s how it works. The Roth IRA is that rare prize in the U. S. Tax code — a way to earn tax-free … Read more
G’day there! If you’re approaching the big 6-0 or already celebrating life beyond it you’re probably wondering about what happens to your super and whether the taxman still wants a piece of your hard-earned retirement savings. Well I’ve got some ripper news for ya – turning 60 brings some major tax advantages when it comes … Read more
Supplemental Security Income (SSI) is a federal program run by the Social Security Administration that helps people who are hard up financially. SSI was created in January 1974 to replace and consolidate three similar assistance programs. It provides relief to those who are blind, disabled, or age 65 and older and have minimal income and … Read more
If you got a late start—or you’re just starting over—you can build up retirement savings relatively quickly. How much you can save in the next 15 or 20 years will depend on a number of factors, but you can still retire in comfort. We’ll cover those points below and give you some tools to plan … Read more
You’re not the only one who doesn’t know what Suze Orman, the financial expert, says about protecting your family’s future. I did hours of research on this subject so you don’t have to, and the answer is crystal clear: Suze Orman strongly recommends revocable living trusts for almost everyone, no matter their age or net … Read more
Are you scratching your head about how much of your pension you can receive without paying the tax man? You’re not alone! As a pensioner in the UK, understanding your tax-free allowance is crucial to maximizing your retirement income I’ve put together this comprehensive guide to help demystify the tax rules for retirees. The Basic … Read more