Social Security may be one of your largest assets. What and when you collect will make a huge difference to your lifetime benefits. Today’s column addresses whether income after 62 is used to calculate benefit amounts, benefits for grandchildren, the effect on Social Security benefits of a survivor benefit based on a public pension, the
Taxes
Over half of businesses in the United States have increased their commitment to renewable energy in response to reports warning of a worsening climate crisis . A study led by Deloitte has shed light on how businesses and consumers are reacting to climate change and the steps they have taken to reduce their carbon emissions.
529s can help you save for college costs, but sometimes the limitations can offset the tax benefits. photo credit: Getty Getty 529 plans offer a useful and tax-efficient way to save for your kids’ education. Still, they aren’t for everyone. Limited options can offset some of the potential tax benefits. Plus options for using them beyond college costs
Credit: Getty Royalty Free Getty Selling an insurance policy you no longer need can be a good way to raise cash. Usually, this happens if a policyholder’s spouse has died, the holder can’t afford to pay the premiums or has a terminal illness. With these so-called life settlements, investors buy your policy at a discount
Does the risk of a law change make it unwise to wait until 70? Wait as late as you can to take Social Security. You’ll get more in the long run. Unless Congress double-crosses you. Open in Google Sheets Forbes Late claiming has been the standard advice coming from financial planners and from commentators like