Do-It-Yourself Financial Freedom
Posted by
Beemer in
Retirement on
May 21, 2010 |
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Move in with your kids. The last resort, if all else fails. That should be motivation enough to get moving on your own plan for financial success.
“Thanks to AARP, April...
Can I claim SSI spousal benefits…?
Posted by
Beemer in
Retirement on
May 7, 2010 |
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QUESTION. When I turn 66, can I claim SSI spousal benefits on my husband’s record, then switch over to my own account at age 70 and get a higher benefit?
ANSWER. Yes, you can. When you’ve reached your full retirement age of 66, you may choose to receive only your spousal benefit, if your husband has filed for benefits by then.
By doing that, you delay claiming your own...
She needs to repay us…
Posted by
Beemer in
Retirement on
May 2, 2010 |
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QUESTION. A few years ago, we took out a $35,000 home equity loan to help our daughter get out of debt. She signed a contract with us and agreed to pay us $300/month. She has never made one payment. Do we have any legal recourse?
ANSWER. You can sue your daughter for breach of contract.
As with any lawsuit, though, the problem may not be in getting a court judgement against...
Do-It-Yourself Financial Freedom
Posted by
Beemer in
Retirement on
April 30, 2010 |
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Be smart about Social Security. Draw from your 401(k) or IRA first, and claim Social Security benefits later.
If you can wait until 70, your check will be about 76 percent higher than if you had started at 62, and will improve the protection for your spouse as well.
“Thanks to AARP, April,...
Ask the Experts…
Posted by
Beemer in
Retirement on
April 27, 2010 |
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QUESTION. When I turn 66, can I claim Social Security spousal benefits on my husband’s record, then switch over to my own account at age 70 and get a higher benefit?
ANSWER. Yes, you can. When you’ve reached your full rtirement age of 66, you may choose to receive only your spousal benefit, if your husband has filed for benefits by then. By doing that, you delay...
Do-It-Yourself Financial Freedom
Posted by
Beemer in
Retirement on
April 23, 2010 |
Comments Off
Draw from your 401 (k) or IRA first, and claim Social Security benefits later. If you can wait until 70, your check will be about 76 percent greater then if you had started at 62, and will improve the protection for your spouse as well.
“Thanks to AARP, April...
Ask the experts…
Posted by
Beemer in
Retirement on
April 15, 2010 |
Comments Off
QUESTION. A few years ago, we took out a $35,000 home equity loan to help our daughter get out of debt. She signed a contract and agreed to pay us $300 per month. She has never made one payment. Do we have any legal recourse?
ANSWER. You can sue your daughter for breach of contract. As with any lawsuit, though, the problem may not be in getting a court judgment against her,...
Do-It-Yourself Financial Freedom
Posted by
Beemer in
Retirement on
April 7, 2010 |
Comments Off
Increase your savings until you retire. Save, save, save — even if it means changing your lifestyle or not helping your children or grandchildren with tuition or loan repayments.
The kids have a lifetime to repay their student loans, but you’re running out of time.
If you arrive at retirement with too little money, you’re cooked.
“Thanks to AARP, April 2010...
