Women in the United States generally retire around the age of 66. And for some women, there can be significant planning challenges involved in preparing for a single retirement - meaning one without a partner or spouse to share the financial responsibilities.
SERPs possess unique restrictions, benefits, and disadvantages when compared to other retirement plans. In this article, we will explore some of these features to better understand the function of SERPs.
The economic impact of COVID-19 has been felt around the world. And, unfortunately for many pre-retirees, it could potentially impact your Social Security benefits as well.
Online Social Security statements already served as handy tools. But the changes that the Social Security Administration (SSA) rolled out recently will help even more. If you have not reviewed your SSA account online, you should. Make it a practice to review it annually. That opportunity is even larger with the enhanced statements they provide now. The enhanced statements visually show the effects of starting benefits between age 62 and 70.
If you know that you want to leave behind money or assets for your family members, is it better to give a gift while you are still living or an inheritance after death?
May is Mental Health Awareness Month. With the events of this past year, it's possible you or someone you know has experienced a decline in mental health. Here's how that could be affecting your financial wellness.