Both life insurance and a 401(k) plan can help you prepare your finances for the future. But which is best for retirement, and which is best for estate planning? MoneyGeek helps you uncover the differences.
A Texas senior has had $65,000 of her Social Security debt wiped after the Social Security Administration (SSA) overpaid her for years. For many seniors, the arrival of a letter from the SSA saying you owe them money can be very worrying. Winnie Marshall, a Houston grandmother, received a letter last year saying she owed $65,000. “Nobody could …
Texas Senior’s $65,000 Social Security Debt Is Forgiven: ‘Never Give Up’ Read More »
Born sometime between the years of 1946 and 1964, most baby boomers are 60 to 78 years old this year. That means most of them have reached the full retirement age of 66 (67 for younger boomers). And considering that people can start collecting Social Security benefits as early as 62 years old, many boomers have already …
7 Ways Boomers Are Spending Their Social Security Checks in 2024 Read More »
Act now to avoid common money missteps that could haunt you later in retirement. Americans with retirement on the horizon are worried. A recent AARP survey found that 20 percent of adults 50-plus have no money saved for retirement and 61 percent are concerned they will not have enough money to support themselves during their so-called golden …
6 Financial Mistakes You’ll Regret When You’re Older Read More »
