Retirement is a balance between enjoying your golden years, taking good care of your health and balancing your finances, so you don’t run out of income too early. However, as reported by MD Magazine in the recent article “Four Big Retirement Threats and How to Protect Yourself,” there are challenges ahead, some of which you can control, others requiring preparation. Continue reading
Losing a spouse at any time in life is difficult. However, losing a spouse while you are retired also presents some serious financial challenges. A recent article in Kiplinger, “Maximize Social Security benefits for surviving spouses,” explores the steps that a surviving spouse can take to make sure she is are receiving the most Social Security benefits possible. There’s a right way and several wrong ways to do this.
If you are widowed before claiming Social Security benefits, there are options to maximize Social Security payments by coordinating the timing of claims and survivor benefits. Continue reading