- Can an Inherited IRA Be Rolled Over?
If you inherit an individual retirement account (IRA) from a spouse, you can treat it like your own IRA or roll it over into a traditional IRA you already have. If you are the beneficiary of an IRA inherited from… read more…
- How to Retire in Honduras: Costs, Visas and More
Honduras is known for it’s beautiful beaches and low cost of living. The country is home to one of the largest cities in Central America, Tegucigalpa, and plenty of quaint mountain towns and a popular island called Roatan. In recent… read more…
- How to Retire in Taiwan: Costs, Visas and More
The Republic of Taiwan is an attractive place to live due to its island setting and metropolitan feel. This island nation is known for having the highest concentration of mountains globally, and the food in Taiwan has made its way… read more…
- How to Retire in the Dominican Republic
Do you dream of spending your retirement on a sunny Caribbean beach with a cool drink in hand? There are many alternatives, but one that you may want to consider is the Dominican Republic. From affordable housing to adventurous activities,… read more…
- How to Retire in Norway: Costs, Visas and More
Some people dream of spending their retirement on beaches, but others find joy in quaint villages, winter sports, snowy landscapes or dramatic views of glassy smooth fjords nestled between soaring mountain peaks. If the latter is more your style, you… read more…
- How to Retire in China: Costs, Visas and More
Retiring in China, the world’s most populous nation with some 1.4 billion residents, can offer financial benefits and geographic diversity but also significant challenges. It is generally less expensive to live in than the U.S. and the nation, which has… read more…
- What Is a Qualified Longevity Annuity Contract (QLAC)?
A qualified longevity annuity contract, or QLAC, is a type of annuity contract that you can use to create an additional stream of income in retirement. This type of annuity can offer guaranteed monthly payments beginning at a specific date… read more…
- Can You Collect Social Security and Disability?
Wondering whether you can collect Social Security and Social Security Disability Insurance (SSDI) at the same time? The short answer is probably not. The long answer, however, is maybe. Social Security and SSDI serve similar purposes, but the requirements vary for each. Social Security is for those who’ve reached early or full retirement age, while… read more…
- What Is a Lump Sum Payment?
If you’ve got a pension plan, such as a 401(k) or an IRA, and you’d like to access the vehicle’s funds, you can typically choose between monthly distributions, a lump sum payment or an annuity. The method you select should consider… read more…
- What Is Retirement Plan Consulting?
Retirement plan consulting services are used by companies to help oversee retirement savings options for employees. A retirement plan consultant can offer guidance on a variety of issues, from choosing which plan to implement to ensure the plan meets tax… read more…
- How to Find Unclaimed Retirement Benefits
Many employers offer retirement accounts and benefits, and some will even match their employees’ contributions. However, most people leave employers several times throughout their careers. In leaving one job and taking on another, some employees forget to take their 401(k) or other… read more…
- Ordinary Annuity vs. Annuity Due
An annuity describes a contract between a policyholder and an insurance company. With this contract, policyholders give the insurance company a lump-sum payment in exchange for a series of payments made instantly or at a set time in the future.… read more…
- Can You Get Medicare at Age 62?
Retirement is an exciting time in many people’s lives, but in evaluating which benefits to take when, those who leave the workforce may wonder whether they can get Medicare at 62? There’s not a simple yes-or-no answer, but here’s what… read more…
- What Is a Qualified Retirement Plan?
Saving for retirement is an important financial goal to have and the sooner you begin, the better. Finding the right asset allocation for your portfolio is important, but it’s also helpful to consider asset location, meaning where you decide to… read more…
- What Is the Railroad Retirement Program?
The Railroad Retirement Program is a federal program that extends retirement benefits to railroad employees. The program was established in the 1930s and in addition to retirement benefits, it also pays survivor, unemployment and sickness benefits to eligible railroad workers… read more…
- How to Retire Comfortably at 62
The key to retiring at age 62 is to assess your current assets, estimate future income and preferred lifestyle, including whether you’re willing to work part-time, and how you’ll pay for healthcare until Medicare kicks in. While 65 is the… read more…
- How Much Do Different Assisted Living Options Cost?
The average cost of assisted living was $4,000 a month in 2018, according to Genworth Financial, which has been tracking costs since 2004. Across the country, though, the price of assisted living varies widely depending on such factors as location,… read more…
- Who Is Exempt From Social Security Taxes?
The vast majority of American workers pay in to the country’s Social Security system through payroll taxes. These taxes provide retirement and disability income, as well as death and survivorship benefits. Still, not every worker is required to pay them. Knowing… read more…
- What Is Fiduciary Liability Insurance?
Fiduciary liability insurance protects companies from lawsuits if they makes errors or fails to act in employees’ best interests. For example, if beneficiaries of a 401 (k) plan accuse administrators of charging excessive fees, the insurance pays the company’s legal-defense… read more…
- What Are Activities of Daily Living?
Individuals who are turning 65 have a 70% chance of needing some form of long-term care during their remaining years. While the majority of these care needs fall under a short-term care plan, about 25% of these individuals will need… read more…
- What is an Elimination Period?
Before your long-term care insurance or disability insurance coverage kicks in, you may be disabled or hospitalized for a length of time. This period is known as the elimination period. Read on discover how an elimination period can impact your… read more…
- Can You Have Both a 401(k) and a Roth IRA?
Investing in both a 401(k) and Roth IRA can be a powerful combo for any retirement savings plan. That is, if you’re eligible. Here’s what to know about qualifying for a Roth IRA and how opening one in addition to an… read more…
- What Is an Average Roth IRA Return?
A Roth IRA is a smart way to grow your savings for the future. These investment accounts offer tax-free income when you retire. Of course, any return you see on a Roth IRA account depends on the investments you put… read more…
- What Is a Multi-Year Guaranteed Annuity (MYGA)? Definition and Benefits
A multi-year guaranteed annuity, or MYGA, offers a predetermined and contractually guaranteed interest rate for a fixed period of time. A MYGA is just one way to create an additional savings bucket for retirement. In other words, it will help… read more…
- 4 Ways to Get Out of an Annuity
Annuities can provide guaranteed income for retirement. But at some point, you may decide you no longer want or need an annuity you’ve purchased. If buyer’s remorse has you wondering if it’s possible to recover your investment, we’ve got news… read more…