Too much money in tax-deferred retirement accounts could undermine clients' financial plans if taxes rise in the future to pay for today’s exploding government spending.
The agency includes new fact sheets that target different age groups and special situations, such as eligibility for benefits.
But many women are reluctant to pay for advice, with only 51% of female respondents surveyed by Cerulli agreeing that they are willing to pay for financial advice, compared with 58% of men.
The application for benefits was submitted more than seven weeks earlier; persistence pays off in tracking down why the response took so long.
If the goal is to collect the largest possible survivor benefit, wait until full retirement age to claim it.
Women Adviser Summit speaker Shannon Spotswood of RFG Advisory says the pace of change in the advisory business 'has been put on steroids' and explains how to future-proof your business.
Nearly three-quarters of women with investible assets of $100,000 or more say the pandemic has negatively impacted their ability to retire, but as that is happening, more women are turning to financial professionals for advice, according to a Nationwide survey.
Can a divorced person still collect Social Security benefits on an ex’s earnings record?
HSAs have no annual use-it-or-lose-it requirements, and balances can be carried forward from year to year and withdrawn tax-free in retirement to pay for medical expenses, such as Medicare and long-term care premiums — but not Medigap premiums.
A new report from the Social Security Administration provides a road map for maximizing benefits for individuals who qualify for both programs.
