Bella Mertz

Editors note: While Pew updates its methodology and data sources, the Debt and Unfunded Retirement Indicator is temporarily unavailable. Prior to unfunded retiree health care benefits for public employees and outstanding debt, unfunded pension liabilities represent the largest of the three major long-term obligations weighing on the finances of the majority of states. Pew projections … Read more

Here are the strategies millions of people who will soon be retiring have planned to use to deal with the loss of their savings or inability to save money. Editor’s note: This post is part of Next Avenue’s “Retirement for the Rest of Us” series. Allen R. Smith says that he never planned to retire. … Read more

The optimal time to apply for Social Security depends on your individual circumstances and retirement goals. Here’s a breakdown of the key factors to consider: Full Retirement Age (FRA): If you were born in 1956, your FRA is 66 years and 4 months. If you were born in 1957 or later, your FRA is 67. … Read more

You have 60 days to complete the rollover of funds from one retirement plan or individual retirement account (IRA) to another in order to avoid taxes and penalties. If you miss the deadline, you risk losing your tax-deferred status and any future investment earnings. It’s crucial to understand the 60-day rollover rule if you’re thinking … Read more

Suze Orman, the renowned financial expert, strongly advocates for the use of revocable living trusts as a crucial tool for protecting individuals and their families. What is a Revocable Living Trust? A revocable living trust is a legal document that allows you to designate how your assets will be managed and distributed during your lifetime … Read more

Have you ever received two Social Security payments in one month? While it may seem like a bonus, it’s actually a planned occurrence under certain circumstances. This guide explains why you might receive an extra Social Security payment and how the process works. Understanding the Payment Schedule Typically, Social Security benefits are paid on the … Read more

Navigating the Complexities of Social Security and Investment Income As you approach retirement, understanding how various income sources impact your Social Security benefits becomes crucial. This article delves into the intricate relationship between capital gains and Social Security, clarifying how this investment income affects your benefits and potential tax implications. Capital Gains and Social Security … Read more

Yes, you can own a house on SSI (Supplemental Security Income). The house you live in is not counted as a resource when determining your eligibility for SSI benefits. This means that you can own a house and still receive SSI payments. Here are some key points to remember about owning a house on SSI: … Read more

Inheriting money can be a life-changing event, filled with both excitement and uncertainty. While the prospect of receiving a windfall is undoubtedly appealing, it’s crucial to understand the intricacies involved in managing inherited assets and navigating the legal and financial aspects of inheritance. This comprehensive guide will delve into the various facets of inheritance, providing … Read more

My response to your message was blocked for potentially violating safety policies. I apologize for any inconvenience. The amount of earnings for 2022 that will not affect SSI beneficiaries who are students under the age of 22’s eligibility or benefits is $8,230 annually. Until we have excluded the maximum amount for the year, we are … Read more