Are you a high earner looking for tax efficient ways to invest? There is a little-known strategy called the Super Roth IRA that might be just what you’re looking for. This plan helps high earners get richer and give their money to their heirs tax-free when they die. If you’ve ever wished you could save … Read more
Suppose you were notified about your status as an estate beneficiary over a year ago, but you still have not received your inheritance. When you asked the executor what was going on, they said that your inheritance was late because probate was still going on. You may be wondering: How long does probate take?. The … Read more
At the time of retirement, if annuitants are married, they must give their spouses the maximum survivor benefits unless their spouses agree to a lower amount. A retiree can choose to give a survivor annuity to a spouse on their retirement application. This choice lowers the retiree’s monthly annuity so that it can cover the … Read more
Want a fancy retirement with a $200,000 a year? You’re not the only one. Many of us want to keep living the way we do now (or even better it!) when we retire. That being said, the real question is how much money do you need to save up to make that much a year? … Read more
When it comes to managing your life as a retiree, you’ll need to keep abreast of the yearly Social Security tweaks and adjust your budget accordingly. This includes not only the amount youll receive but also when benefit payments are distributed. This schedule varies from person to person. To help you keep track of your … 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
Let’s face it – no one wants to think about death and what happens to their stuff afterward But if you care about your family (which I’m guessing you do), learning how to avoid probate is one of the kindest things you can do for them. When I first started researching estate planning I was … Read more
A pension provides a reliable source of income in your retirement years, making it easier to manage your expenses and enjoy the life youve always dreamed of. For most retirees, receiving a pension wont affect the amount of your Social Security payouts. You can enjoy both. However, if your pension comes from a certain type … Read more
Ever stood at your mailbox wondering if there’s any way to get a bit more from Social Security? You’re not alone. One of the most common questions I hear from readers approaching retirement is whether they can somehow collect two Social Security checks at the same time. It’s a fair question – after all, many … Read more
Ever wonder what private pension income is and how it could help you in your golden years? Maybe you don’t know the difference between public and private pensions, or you’re just starting to think about how to plan for your retirement. I’m here to explain everything in plain English, no matter what the situation is. … Read more