1954, and have reachedfull retirement age (FRA). If your birthday falls on or after this date, you can no longer take only one benefit at your FRA, which means you file for all retirement or spousal benefits when you file for just one.1 ...
Assuming that you're talking about a non-spousal beneficiary - if there are more than ten years still remaining to be paid out, they will likely have to commute the value of the remaining payments. In other words, they'll have to convert the value of the remaining fifteen years of paymen...
Check with your spouse’s health plan to make sure it will cover you, and ask how it works with Medicare. Frequently Asked Questions When can my spouse claim spousal Medicare benefits? Medicare does not offer the option to claim spousal benefits based on your spouse’s work history, unlike ...
Outstanding Tax Filings: If you have not yet submitted your2021 tax documentation, you still have time to file before theApril 15th, 2025deadline. Ensure your paperwork is filed to avoid missing out on potential relief. How the IRS Will Distribute the Stimulus Check If you qualify for thestim...
IRA during retirement has both benefits and drawbacks. And there's no hard-and-fast rule about whether it's a good idea. After all, it all depends on your financial situation, so it's up to you to decide whether contributing to your account after you retire is the right move for you...
any paperwork that documents disability or unemployment benefits, child health care costs, mandatory fees like union dues or retirement contributions, job-related expenses. If you have child support payments for other children, spousal support payments, or similar costs, collect those. ...
When your spouse does file, you would be eligible for spousal benefits. However, because you filed early, you still wouldn't be entitled to the full 50%. "The spousal benefit would still be reduced because you claimed early," Sherman said. ...
you can't put money in an IRA unless you are a spouse of someone who has income. Then you can do a spousal IRA," says Francine Duke, a retired certified financial planner for Aqua Financial Planning in Chicago. You can't open a joint IRA in both of your names, but you can name ...
Prenups offer impressive benefits and safeguards for both partners in a marriage, and working together with your spouse to build a clear, fair agreement can set you up for an even stronger relationship. Here are some reasons to consider a prenup: ...
How to decide the right number of IRA accounts for you There are benefits to having both a traditional and Roth IRA. A Roth IRA allows you to make after-tax contributions early in your career when you’re more likely to be in a lower tax bracket. You’ll also have the flexibility of...