Many adults look forward to collecting social security benefits once they retire. The problem comes when your spouse dies and you have to choose between receiving earnings based on your work history or survivor benefits based on your deceased spouse’s work history. You cannot collect both benefits. One strategy is to take the smaller benefit… Continue Reading
Author Archives: John
Living Comfortably in Retirement
There are a few things you can do to live comfortably in retirement. First, you can practice living on less. Put more of your monthly income into savings while you’re working so that you will know what it is like to live on less when you are retired and do not have a steady salary.… Continue Reading
The Sharing Economy aka the Gig Economy
Older adults are becoming more and more a part of the sharing economy, also known as the gig economy. The sharing economy allows you to share your skills or belongings with the larger community and make money. If you are capable in plumbing, carpentry, have extra room in your house or can rent out your… Continue Reading
Solutions to Inheritance Issues
Inheritance decisions can cause tension between family members and headaches for professionals working with the families. A few things can be done to address the issues before they arise. First, create a Will so that the distribution of your assets is clear and cannot be argued over. This way your property will be transferred based… Continue Reading