Have questions about special needs trusts, Roth IRAs for children, or the proper age for you to start collecting social security? This article is for you! Liz Weston for the LA Times answers these questions and more about the best ways to preserve your income and leave the most lucrative inheritances for your family.
Tag: social security
The New Pension Plan
With such a variety of retirement plans, many current workers will not have an actual pension. Ann Carrns, for the New York Times suggests a variety of ways to make your savings work for you in her article, No Pension? You Can ‘Pensionize’ Your Savings.
Her top recommendations include working longer, delaying Social Security payments, and, creating a budget for the amounts that you are required to withdraw from your retirement accounts.
Pay Now or Pay Later
Did you accrue debt when you were in college, from financial aid or student loans? Been dodging those phone calls in an effort to not payback what you owe? You might want to read this. What seems like insurmountable debt now may become more than you ever dreamed, when the government starts taking it out of your Social Security check in forty years. When it rains, it pours…