When you purchase through links on our site, we may earn an affiliate commission. Here’s how it works. Question: I’m 57, with $1. 8 million saved, and want to pivot to a low-stress job for the next decade. My wife says to keep cranking and retire at 62 instead. Who’s right?. Answer: Work culture in … Read more
When a worker passes away, family members may be able to claim some, or all, of the monthly Social Security payments their loved one would have been entitled to receive. These “survivor benefits” can be an invaluable lifeline for families that have suddenly lost a provider. The surviving spouse may also be able to get … Read more
The rules of intestacy decide what happens to someone’s estate when they die without a will. When someone writes a will, they have the opportunity to say who they want to inherit their estate and how much each of them should get. People often leave their entire estate to their spouse, civil partner, or children. … Read more
CFP® Professional Katelyn Murray breaks down which financial accounts are the best for inheritances… and which types aren’t. When it comes to financial planning for federal government employees and retirees, considering the types of accounts to inherit is a crucial aspect often overlooked. The impact of inheriting certain accounts can significantly affect the financial wellbeing … Read more
In your 40s and 50s, what are your financial goals? Maybe you want to pay off your mortgage, pay for your child’s college, or save for retirement. Hopefully, youll have spent your 20s and 30s establishing your savings. But what can you do to save more money if you feel youre falling short?. Heres how … Read more
Have you ever stared at your paycheck, noticed that Social Security deduction and wondered, “What am I actually gonna get back from this someday?” Trust me you’re not alone. I’ve been paying into Social Security for years, and until recently, I had no clue what I’d actually receive when retirement rolls around. Maybe you want … Read more
Find out when US workers are retiring, and learn how to determine the best retirement age for you. Are you like most people who have started to think about retirement? You may have already looked online to see how your savings compare to those of other people your age or at retirement. Theres another piece … Read more
Prior to the distribution of an estate by an executor to its beneficiaries, an executor must prepare an accounting which outlines the assets of an estate, its liabilities, and the expenses paid by an estate prior to actual distributions being made. A formal accounting is one that is filed with the county surrogate and checked … Read more
A person’s will is an important document that shows how they wanted their property to be divided after they died. But what if you’re a beneficiary and think the will should be changed? Can you actually change it? This is a question that many people in this situation have, and the answer isn’t a simple … Read more
Your ex can take part of your retirement or pension benefits if you received or earned them during the years of your marriage. This means any retirement or pension benefits that you accumulated before the marriage, or after the divorce is finalized, belong only to you, and your ex cannot take any of it. However, … Read more