Social Security Social Security (SS) is a federal benefits program that provides supplemental income for qualified retired adults and their spouses, those whose spouse or qualifying ex-spouse has died, and people with certain disabilities. SS can sometimes support the children of beneficiaries. SS is funded by social security taxes in the form of payroll taxes […]
Managing Finances with a Terminal Illness Updated: February 22, 2023 Although most people are reluctant to think about it, estate planning is a crucial part of end-of-life finances. While you may think of estate planning as a way to protect your assets for your heirs, it is also about financial management for yourself. As detailed […]
Retirement Accounts Updated: November 6, 2023 Employer Sponsored Solo 401(k) Individual Retirement Accounts Inheriting Retirement Accounts Retirement accounts contain money that you have set aside to use once you are retired. What makes these accounts different from other investments is that the federal government allows them to grow tax-free. However, you do not have easy access […]
Annuities Updated: January 31, 2023 Annuities are one of the ways to receive income when you are retired. It is long-term agreement in which you (the annuitant) transfer property or assets to another person (the obligor) in return for regular payments to you. Most annuities are protected from probate court, estate taxes, and creditors. Annuities are […]
