Dear Liz:I would like advice on how to transfer my condo to my son and grandchildren. It feels like I don’t have much life left and I need to get a clear understanding of what would be best for me and them. All articles are very confusing. Can you advise me on what is better, …
Are you planning to collect Social Security retirement benefits at age 62? You’re not alone. Nearly one in three Americans did so in 2021, according to the latest data analyzed by the Congressional Research Service. Some may soon be more motivated to apply for retirement benefits sooner. Here’s why claiming Social Security at age 62 …
As the long-awaited day of retirement approaches, most people will need an investment strategy to generate income to cover their living expenses. Peace of mind comes from knowing you have a plan in place that will keep you financially secure throughout your retirement years. Although Social Security is a fundamental pillar of retirement income, for …
Prostock-Studio / Getty Images/iStockphoto Have you heard about the $16,728 annual Social Security bonus? There is really no bonus that retirees can receive. The Social Security Administration (SSA) uses a specific formula based on your lifetime earnings to determine your benefit amount. Florida retirees are fleeing: Here’s where they’re going insteadDiscover: The simple and effective …
By Russell Gloor, national social security advisor at the AMAC Foundation, the nonprofit arm of the Association of Mature American Citizens Dear Rusty: Can my wife claim her benefits now (at age 63, and we know about the early claim reduction) and then when I retire at 66 years and 10 months in almost 3 …
Courtesy of Douglas Boneparth When it comes to buying a home, think of it as a place to live, not an investment. A home is simply “a roof over your head” and a place to create memories, said Douglas Boneparth, certified financial planner and co-author of “The Millennial Money Fix,” in an interview with CNBC’s …
Unlock Editors Digest for free Roula Khalaf, editor-in-chief of the FT, selects her favorite stories in this weekly newsletter. Low-cost digital wealth manager Nutmeg plans to launch thematic investment portfolios, hoping to capitalize on a growing trend among younger savers towards this style of investing. Thematic investing in areas such as environmental, social and governance …
BlackRock offers target date exchange-traded funds aimed at helping people save for retirement outside of a 401(K) plan. Investors can select a fund from a new group of professionally managed ETFs that most closely matches their retirement date. On the scheduled date, the funds will be transferred into the iShares Target Retirement ETF, according to …
ArLawKa AungTun / iStock.com Coin collecting, sometimes called numismatics, can be more than a hobby for some. This can be a lucrative investment. The same goes for collecting, saving or reselling old paper money. Even if you’re not an avid collector, you might have a stash of old notes or coins that could be worth …
Half point images | Instant | Getty Images Saving for retirement is one thing, achieving your goals in your golden years is another. This is where the worry sets in. Among older workers, only 34% of baby boomers and 26% of Gen Xers believe they are on track with their retirement savings, according to a …