During your career you may have worked for a governmental agency or a foreign employer where there was no Social Security tax withheld from your earnings (Job A). At the same time or at some other point, you may also have worked in a job that was covered by Social Security (Job B). The end result is that now you’re ready to retire, and you will collect a pension from the Job A, and you’re also eligible to collect Social Security benefits based on Job B. But the Social Security benefits are being reduced because of something called WEP – …Read More
About seven years ago, I was talking with my hair stylist about thinning hair and she recommended Nioxin 2 shampoo. It is one of those shampoos that is a professional-level shampoo and thus comes with a professional-level price. Although it retails in various stores both online and around town, it is not available in most grocery stores.
Because I buy in the 33.8oz bulk size and use only just enough, it takes me a year before I run out …Read More
Is COVID-19 affecting your Retirement Planning? Here’s what you should do.
Retirement Planning Financial Planning Risk
This year has been a real eye-opener for many pre-retirees and retirees. Over their lifetimes, most people have heard warnings and advice from retirement advisors about various aspects of their plans. The warnings are typically based on a combination of data and anecdotes and often didn’t hit home or inspire urgency. But the COVID-19 pandemic compressed many events into a short period …Read More
Divorcing at any age is not easy, even when the split is amicable. For people who are nearing or already in retirement, there are special considerations for “Gray Divorce”. Or, if you want a term with more bling try “Silver Splitters” or “Diamond Divorcees”.
But often bling or lack thereof is an issue for people who end marriages later in life. People who divorce later in life have fewer working years left to recover from the financial losses of divorce. These losses include the legal costs involved in getting the divorce and for many, the subsequent loss of …Read More