How to Plan for Retirement: 5 Key Tips for Seniors
Historically, retirement evoked dreams of moving to a sunshine state, regularly playing golf, and relaxing. While some of those dreams may still apply to today’s seniors, the concept of retirement…
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.
Senior Benefits: Free Government Benefits for Seniors
As seniors reach their golden years, it should be a time of prosperity, rest, and reflection on the years of hard work they put in. While some folks are able…
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 healthy lifestyle. Nor does it stop with financing anticipated healthcare…
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 can provide attractive tax benefits such as tax-free portions of settlement funds and, under certain…
Reverse Mortgages Explained: What Are They and How Do They Work?
If you are looking for a way to finance a fulfilling retirement in the home you love, a reverse mortgage is a lending mechanism that can help you achieve your…
Everything You Need to Know About Life Settlement Brokers
The decision to sell your life insurance policy in a process called a life settlement is often the product of careful consideration. But whether you no longer need your life…
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 addition to your retirement portfolio. That’s because they offer a…
