Follow this path if you’re waiting until you turn 65 or older to collect Social Security benefits. When you’re ready, you’ll have to contact Social Security to sign up for Medicare. You might not want to sign up for Medicare as soon as you become eligible if you have health insurance through your job or … Read more
The Truth About Inherited IRA Distribution Rules in 2025 Inheriting an IRA can feel like finding a treasure chest with a complicated lock. You’ve got the money, but accessing it means navigating a maze of tax rules that could cost you big time if you make a wrong turn. I have seen too many people … Read more
Have you ever wondered how your super compares with people your age? Use this guide from the Association of Superannuation Funds (ASFA) to see if your super is on track with the average account balance across your age group and gender. Ever wondered if your retirement nest egg is on track? You’re not alone As … Read more
The main difference between a traditional and Roth IRA is how and when your money is taxed. The products shown on this page are mostly or entirely from our advertising partners. They pay us when you click on one of their links and then do something on our site. However, this does not influence our … Read more
NOTE: The Social Security Fairness Act was signed into law on January 5, 2025. As a result, the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO) have been repealed. This article reflects information prior to the repeal and may no longer be applicable. If you have to deal with the Windfall Elimination Provision … Read more
If you have significant retirement savings to provide for a comfortable retirement, you may have an above-average budget and plenty of choices for where to spend your golden years. And if youre interested in finding the best places to retire at $8,000 per month, you have countless options from coast to coast. When you understand … Read more
Hi there, Stan The Annuity Man, Americas annuity agent, licensed in all 50 states. Im so glad that you joined me for this blog. This is another blog that you can find in the comments section of one of our videos on the Stan The Annuity Man YouTube Channel. You can put in questions, submit … Read more
You are smart and designed an estate plan with your beneficiaries in mind. You evaluated the options and chose a trust to distribute your assets as you intended. Have you considered how your heirs will receive the money?. Trusts are powerful estate-planning tools that bypass court and provide a structured method for transferring assets to … Read more
If you have ever tried to figure out how much money you would need to retire, you have probably used numbers that sound like millions. Let’s pick a number and figure out the interest you’d earn on it per month. Something like, “What is the interest on two million dollars?” When I was a kid, … Read more
As Franklin D. Roosevelt famously said, “Taxes are paid through the hard work of every labourer. ” So, when the opportunity to reclaim a portion of that effort arises – by taking 25% of your pension as a tax-free lump sum – it’s definitely an appealing option. However, choosing to take a large pension lump … Read more