by admin | Investing, Credit & Retirement, Retirement
Financial Documents What does it do? Enables you to own property jointly with another person Authorizes someone to handle legal and financial decisions if you become incapacitated Holds your belongings until your death Can it authorize someone to handle your financial...
by admin | Caring for Aging Parents
Thanks to healthier lifestyles and advances in modern medicine, there are more Americans over the age of 65 than there have ever been. The U.S. Census Bureau estimates that by 2050, more than 20 percent of U.S. residents will be aged 65 and over, compared with 15...
by admin | Investing, Credit & Retirement, Retirement
Tip: Average Benefit. In 2016, the average monthly Social Security benefit for a retired worker was about $1,345. Source: Social Security Administration, 2016Most children stop being “and-a-half” somewhere around age 12. Kids add “and-a-half“...
by admin | Investing, Credit & Retirement, Retirement
Tip: Not Quite Anything. IRAs are free to invest in just about anything, except collectibles such as artwork, rugs, antiques, gems, stamps, and coins, for example.Traditional IRAs, which were created in 1974, are owned by roughly 31.1 million U.S. households. And Roth...
by admin | Investing, Credit & Retirement, Retirement
Tip: What’s in a Name? If you fail to name a beneficiary on your IRA, it may be much more difficult for your beneficiaries to ‘stretch’ the inherited IRA over their lifetimes.The Investment Company Institute reports that there is roughly $7.4...
by admin | Investing, Credit & Retirement, Retirement
Tip: Medicare beneficiaries spent an average of $4,734 out of pocket on health care in 2010, the most recent year for which figures are available. Forty-two percent of that went to premiums, 20% to long-term care facilities. Source: MedicareResources.org, October 24,...
