If you need a lot of cash on hand upon retirement, Social Security offers a lump-sum payment option that’s worth six months of benefits. However, it comes at a cost. It is important to understand the details before agreeing to the payment.
Social Security Offers Lump-Sum Payments to Some Beneficiaries
HOW TO: Prevent a Contested Will
Your will can be contested if a family member believes you did not have the requisite mental capacity to execute the will.
Rather Than End Controversial Medicare Initiative, Biden Gives It a Makeover
In the face of mounting criticism that its Direct Contracting initiative will undermine traditional Medicare, the Biden administration announced that...
How Much Should a Trustee Be Compensated?
Serving as a trustee of a trust can be a huge responsibility, so trustees are entitled to compensation for their...
If You Don’t Want an IRA Distribution, You Can Donate It to Charity
Not everyone wants to take the required minimum distributions from their retirement accounts right away. If you don’t want your distribution, one option is to donate it to charity and get a tax deduction.
Medicare to Cover At-Home Covid Tests by 'Early Spring'
Medicare beneficiaries will soon be eligible to obtain up to eight free rapid at-home Covid-19 tests per month, and, unlike their privately insured counterparts, they won’t have to pay for them upfront, the Biden administration has announced.
What to Do About an Unwanted Inheritance
Most people who receive an inheritance are honored, but for some, it can be more of a burden than a blessing.
In 2022, Social Security Beneficiaries Will See the Biggest Increase in 39 Years
For 2022, the monthly federal Supplemental Security Income (SSI) payment standard will be $841 for an individual and $1,261 for a couple.
Be Careful Not to Name Minors as Your Beneficiaries
Most people want to pass their assets to their children or grandchildren, but naming a minor as a beneficiary can...
2019 Will Bring Social Security Beneficiaries the Biggest Increase in Eight Years
The Social Security Administration has announced a 2.8 percent increase in benefits in 2019, the largest increase since 2012. The...