Impacts of Proposed Tax Changes: How the 2022 Tax Plan Could Affect Your Retirement Plan
Introduction Today, the challenge for seniors preparing for retirement does not stop with securing enough funds for a joyful and…
Established in 1935 to provide a federal safety net for elderly Americans, the disabled, children, and survivors of a deceased spouse/parent. Social Security benefits havehas become the primary source of income to many elderly Americans and will provide $1.2 trillion in benefits to 70 million people in 2021. For about half of seniors in the United States, Social Security benefits provideprovides at least 50% of their income and provideprovides at least 90% of income for about a quarter of all seniors. As of 2021, the maximum monthly retirement benefit a person can receive from Social Security is $3,895.
What are the Tax Implications of Selling Your Life Insurance?
For those looking to monetize their assets and supplement their income in retirement, life settlements an provide attractive tax benefits…
Reverse Mortgages Explained: What Are They and How Do They Work?
Introduction If you are looking for a way to finance a fulfilling retirement in the home you love, a reverse…
Everything You Need to Know About Life Settlement Brokers
Introduction The decision to sell your life insurance policy in a process called a life settlement is often the product…
Understanding Annuities: What They Are and Who They’re For
Introduction Annuities are one of the few investment solutions that ensure you won’t outlive your money, and are a great…