What If Estate Is Beneficiary of an IRA?
It may sound like it makes sense, and it might be easier than picking a person (or two) to name, however there are some serious downsides to naming your estate as the beneficiary for your IRA.
What a Family Caregiver Needs to Know
If you’re a caregiver, part of your job may be to keep track of your loved one’s legal affairs. You probably know — or are learning — that it’s a big responsibility.
How Do Special Needs Trusts Work?
Special needs trusts can help fund quality-of-life improvements for the beneficiary, such as a phone, a trip or a private room in a group care facility.
Senior Second Marriages and Estate Planning
More Americans are now getting married over 65 than ever before. Even though this may be a second or third marriage for many, caregivers should nevertheless be aware of certain aspects that shouldn’t be ignored amidst all the wedding plans and celebrations.
When a Spouse Dies, Does Survivor Get Their Social Security Benefits?
When you’re gone, your spouse’s income will take a major hit–one that can be worsened significantly, if you make the wrong decision about when to claim.
How Do I Use Deceased Spouse’s Life Insurance?
There are many options, but the best use of the money is different for each widow and her unique circumstances.
Can I Pay Less Taxes on My Retirement Funds?
You don’t get to use all the money in your traditional 401(k) and IRA for retirement because you still have to pay taxes on it.
Is Possible an Elderly Parent Is Being Scammed?
In the wake of the coronavirus pandemic, many older adults are more socially isolated than ever—and thus more vulnerable to being financially victimized.
What’s the Limit for Earning with Social Security?
Knowing when to retire and when to begin claiming benefits comes down to understanding yourself — and your finances.
Am I Getting All the Social Security Benefits I Can?
Money Talks News’ recent article entitled “7 Social Security Benefits You May Be Overlooking” says that the Social Security Administration provides payments to spouses, children and those with disabilities, among others. Let’s look at this in detail. Spousal benefits via a husband or wife. Spouses can get up to half of their husband’s or wife’s…
