I’m going to tell you the truth: most of us don’t really understand the rules when it comes to planning for retirement. “Can I really max out both my 401(k) and my IRA in the same year?” is a question I get asked a lot. The short answer is absolutely yes, you can! I’ve been … Read more
What Exactly Is a Pension Refund? A pension refund is simply getting back the money you’ve contributed to your retirement plan when you leave your job before retirement. Instead of waiting until retirement age to access these funds, you’re essentially cashing out early. This choice has caused a lot of people to get lost, so … Read more
Losing a spouse is very hard on the emotions, and on top of that, many widows worry about how they will pay their bills in the future. Some of the questions I get from readers most often are about whether they can get their husband’s state pension after he dies. There isn’t a simple yes … Read more
Follow this path if you’re waiting until you turn 65 or older to collect Social Security benefits. When you’re ready, you’ll have to contact Social Security to sign up for Medicare. You might not want to sign up for Medicare as soon as you become eligible if you have health insurance through your job or … Read more
Dealing with the death of a loved one is hard enough without worrying about legal fees If you’re wondering how much solicitors charge for probate, you’re not alone. I’ve spent countless hours researching this topic to help our readers navigate this confusing process, and what I’ve discovered might surprise you The Eye-Opening Reality of Probate … Read more
As Head of Financial Planning, Jason is a strategic partner who is responsible for developing the strategy, managing the planner teams, and coordinating personal financial planning activities across Citizens Wealth Management to help clients navigate and grow in changing circumstances. Today, the average American retires at around age 63. But what if youre thinking about … Read more
It’s not easy to get approved for Social Security Disability Insurance (SSDI) benefits. Statistics from the Social Security Administration (SSA) show that between 2063 and 2074 percent of initial applications for SSDI benefits are turned down. Because it is so hard to get approved in the first place, many people who receive these benefits worry … Read more
Are you on Social Security and wondering if you’ll get another stimulus check? A lot of people are wondering this because inflation is making it hard for people on fixed incomes to keep up with their costs. I will explain what is really going on with stimulus checks for people on Social Security after 2022. … Read more
Although real estate investors may directly own property as sole proprietors, rental property is often held in a limited liability company (LLC) or trust. Both entities are vehicles that may help investors protect assets and reduce potential risk, although an LLC and a trust are used for different purposes. In this article, we’ll explain the … Read more
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