As you work on your estate plan, you will likely create a will. In your will, you determine how to divide your estate. You will also name beneficiaries, who are the people that receive your assets. It is also essential to appoint an executor. The executor of your will is the person who distributes the … Read more
When someone passes away there’s often confusion about how their assets get distributed. Many people assume that whatever is written in the will automatically determines who gets what and when. But the reality is a bit more complicated than that. As someone who’s helped many families navigate this process I want to clarify exactly who … Read more
Receiving a lump-sum settlement can have important implications for individuals on Social Security Disability Insurance (SSDI). When an individual who receives SSDI benefits is awarded a one-time payment, it’s essential to understand how this additional income can alter their benefits. The Social Security Administration has specific rules for offsetting SSDI payments when public disability benefits … Read more
Want to know when you can retire with full benefits if you were born in 1957? The short answer is that you can retire at age 66 years and 6 months. But there’s a lot more you should know about how to retire! I’ve spent years helping people understand their Social Security benefits. Today, I’m … Read more
Life after the 9-to-5 grind should be amazing, right? But for many retirees, the reality of retirement isn’t always what they imagined I’ve spent countless hours researching this topic (and talking to actual retirees), and one thing is crystal clear a happy retirement doesn’t just happen by accident! Did you know that nearly 2 million … Read more
Dreaming of the day you dont have to work anymore? Start turning those dreams into plans. Check what age you can retire and use our tips to decide when youll be in retirement mode. The Truth About Retirement Age in Australia After doing a lot of research on this subject, it’s clear that the best … Read more
CFP® Professional Katelyn Murray breaks down which financial accounts are the best for inheritances… and which types aren’t. When it comes to financial planning for federal government employees and retirees, considering the types of accounts to inherit is a crucial aspect often overlooked. The impact of inheriting certain accounts can significantly affect the financial wellbeing … Read more
Are you an executor for a family member, friend or another person? An executor of a will is someone appointed to administer the will and carry out the last wishes of someone when they die. Opening an estate bank account can make your job a little easier. Here’s what to know about this unique type … Read more
Teachers in UK state-funded schools will automatically be enrolled in the Teachers’ Pensions Scheme, which is often shortened to tps pension. This is one of the perks of being a teacher. This scheme can ensure a stable financial future, but it can be complicated to understand, making planning for retirement confusing. On this page, we … Read more
If you’ve been appointed to serve as Executor, you may be curious about how and when an Executor pays beneficiaries of the estate? Read to find out!. The people who get money from an estate are called “beneficiaries.” This is what most of us think of when we hear the words “will,” “probate,” or “estate.” … Read more