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Category Archives: Retirement

8
Jan

The Basics About Social Security Survivors Benefits for Widows

The Social Security Act was signed into law by President Franklin D. Roosevelt in 1935, when he created Social Security, a federal safety net for elderly, unemployed and disadvantaged Americans1. The original purpose of the bill was to pay financial benefits to retirees. The bill also included financial assistance for widows.

8
Jan

4 Common Beneficiary Mistakes in Retirement accounts

A beneficiary is the person(s) or entity you wish to inherit your account/assets to when you die. You (the account/asset owner) are responsible for selecting the beneficiary designation. You can list a primary beneficiary who is the first in line to receive the account or assets. You can also list multiple primary beneficiaries and stipulate how the asset would be allocated.

4
Jan

3 Ways Women Can Save More for Retirement

According to a June 2020 report from the Transamerica Center for Retirement Studies, only six in 10 women are saving for retirement, which is significantly less than men (78%) 1.  Women continue to fall short in their overall retirement savings. What can they do to fix this issue?