Valérie-Anne RyserBoris WernliElsevierRyser V, Wernli B. (2017). How does transitioning into retirement impact the individual emotional system? Evidence from the Swiss context. Adv Life Course Res. 32:42-54. doi:10.1016/j.alcr.2016.08.001...
What types of expenses can your life insurance beneficiary pay for with the benefit? Beneficiaries can use the life insurance money for funeral expenses, debts, living costs, education and any other financial needs. How long do life insurance policies take to pay out?
that grows over time, usually at a guaranteed rate. A portion of each premium payment goes towards this cash value, which can be withdrawn or borrowed against. As the cash value grows, policyholders can use it as a source of funds or allow it to accumulate to supplement retirement income....
Ditto for retirement-related accounts (Social Security, pension, 401K, IRA, etc.) so that if you need to take minimum distributions or use the funds for care, you may do that. This allows you to sign and file State and Federal taxes on their behalf. To sell any asset (home, car, ...
If you have aMedicare Advantage Plan(Part C) or other Medicare health plan, be sure to check with your plan to see what it can cover in terms of nursing and home care. Usually plans don’t help pay for this care unless the nursing home has a contract with the plan. ...
Even retirement that leads to financial concerns and a loss of purpose increases the risk for depression. Some chronic medical conditions can contribute or deepen depression such as stroke, heart disease, chronic pain and different forms of dementia. ...
The Social Security program allows workers to claim retirement or disability benefits on the basis of their lifetime earnings. For a married couple, the program also offers spouse benefits to an individual who has not accrued enough credits to claim personal Social Security. These benefits max out...
Lenders want to see that you have the income to support a mortgage payment, and savings to fall back on if you experience financial trouble. You'll need pay stubs and tax returns going back at least two years, as well as bank and investment account statements, lists of outstanding debts...
For instance, if you have access to a traditional 401(k) plan at work (or a similar kind of employer-sponsored retirement plan), any funds you contribute to the account will be excluded from your taxable income that year. (Contributions to a Roth 401(k) plan will be...
Topics:Retirement Healthcare and Medicare By Jaxon Kim Medicare is the primary medical insurance for most Americans ages 65 and over. But does Medicare cover the expensive costs of long-term care? The possibility of needing long-term care, and having to pay for that care, is one of the gre...