It’s essential to be sure that both spouses are comfortable with the finances and how decisions on investing and retirement have been made.
President Trump signed legislation granting presumptive status for disability benefits to about 90,000 Navy veterans who served in the seas around Vietnam during the war.
Thanks in part to the economic impact of the COVID-19 pandemic, don’t bank on a big cost-of-living adjustment (COLA) for your Social Security benefits in 2021.
Are you among the millions of workers who have fallen behind on retirement savings?
The Social Security Administration announced last month that the cost-of-living adjustment for retirees receiving Social Security benefits would increase by only 1.3 percent in 2021, the second year in which adjustments had been lower than the year before.
Many companies are hurting because of the economic turmoil from the coronavirus, and if you’re 50 and older, and your employer needs to cut costs, they may be looking at cutting you from the payroll.
What Is an Eligible Designated Beneficiary?
There are many ways to implement a successful retirement strategy. One of them is to carefully map out a sensible financial plan and then stick to it through thick and thin. Another is just to wing it, using your intuition and gut feelings, and hope for the best.
If you’re leaning toward choosing guaranteed lifetime income by remaining in the plan instead of taking the lump-sum offer, be sure you have confidence in your employer’s long-term viability.
You have a few options when it comes to affording the large expense that is long-term care.
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