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 | 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,...
by admin | Investing, Credit & Retirement, Retirement
Tip: How Much? Check your Social Security earnings and see an estimate of your benefits on the Web site, www.ssa.gov.Social Security’s been a fact of retirement life ever since it was established in 1935. We all think we know how it works, but how much do you...
