People who owe you money can’t get the death benefit from your life insurance policy unless you leave it to your estate. If you name other people as your beneficiaries, the money will go to them and the creditors won’t have access to it. Policygenius content follows strict guidelines for editorial accuracy and integrity. Learn … Read more
Choosing between annuities and certificates of deposit for retirement planning There are many ways to save for retirement, and each has its own benefits based on your financial goals and risk tolerance. A lot of people choose annuities and certificates of deposit (CDs) as options for their retirement income. They can help with planning for … Read more
Dealing with an inheritance can be challenging, especially when it involves dividing financial assets among siblings. Understanding the Inherited IRA split between siblings is an important part of this process. An Inherited IRA, or Individual Retirement Account, allows beneficiaries to inherit funds from the original account holder while enjoying tax-deferred growth. When a parent passes … Read more
Have you begun to second-guess your decision to start taking Social Security benefits? Maybe youve changed your mind about continuing to work, or youve simply realized you can do without your benefits for a bit longer. You might be wondering if you can stop Social Security and restart later. The short answer is yes, but … Read more
The products shown on this page are mostly or entirely from our advertising partners. They pay us when you click on one of their links and then do something on our site. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and heres how we … Read more
Withdrawals from traditional accounts are taxed normally, while Roth withdrawals are tax-free. The 4% rule suggests withdrawing 4% of savings in the first year and adjusting annually. Fixed-dollar withdrawals provide predictable income but may not protect against inflation, while fixed-percentage withdrawals vary based on portfolio. Systematic withdrawals preserve the principal but offer varying income. The … Read more
Have you ever wondered if putting all your eggs in one basket is actually a smart move when it comes to your investments? I’ve been pondering this question myself lately. After investing for nearly two decades, I’ve accumulated accounts across different platforms – some from old jobs, others from when I tried new investing apps. … Read more
Some people wonder if they should include their pension in their net worth. It’s a common question that doesn’t have a one-size-fits-all answer. I have helped many people understand their true financial picture, and I can tell you that figuring out how much your pension is worth can make a huge difference in how you … Read more
If you are looking into applying for disability benefits, you may have heard there is a limit on how much money you can have in the bank. It’s important to understand there are two types of disability benefits – SSDI and SSI. The amount of money you have only matters for one of these types. … Read more
What is a 72(t)? The Key to Early Retirement Account Access Have you ever needed to take money out of your retirement account before the magic age of 70? If so, Rule 72(t) could help you get out of paying taxes on early withdrawals from your retirement account without having to pay a fine. I’ve … Read more