A marriage may end but not Social Security benefits
If they meet certain requirements, a divorced individual can receive Social Security benefits similar to a married spouse.
If they meet certain requirements, a divorced individual can receive Social Security benefits similar to a married spouse.
For married couples, it is important to understand the rules for claiming Social Security survivor benefits in order to plan ahead.
Individuals saving for retirement may overlook state taxes which can mean a larger tax bill in retirement than expected.
Without additional resources single households may be more vulnerable to financial shortfalls, making financial planning particularly important.
At some point, the debt trajectory will drive discussions on Capitol Hill to increase revenue, which could result in higher taxes.
Recently announced key figures for Social Security and Medicare for 2024 include changes to benefit amounts and premium costs.
The number of unmarried partner households is on the rise and these couple face some unique financial planning challenges.
In addition to birthdays and life changes, such as retirement, age milestones are meaningful for financial planning.
The latest projections about Social Security indicate the trust fund will be able to pay timely benefits until 2034 when the fund will be depleted.
As retirees and workers gauge their finances for next year, here are some key changes to Social Security and Medicare to consider.