News

Friday October 19, 2018

IRA and 401(k) Designated Beneficiary Options
Personal Planner
Each year, IRA and 401(k)s are subject to required minimum distributions (RMDs). Because the distributions start...
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How to Recognize and Prevent Financial Scams
Savvy Living
Can you provide some tips on how to protect seniors from financial scams? My 76-year-old aunt was recently swindled out of $25,000 and I want to make sure my own mother is protected. Financial scams that target the elderly continue to be a huge problem in the U.S. In fact, it is estimated that one in five Americans over age 65 are scammed out of roughly $36 billion every year. Here are some tips that can help you spot a scam and protect your mother. Recognizing a Scam Spotting a scam or a con artist is not always easy. The most common scams targeting seniors today come in the form of tricky...
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Social Security Benefits Increase by 2.8% in 2019
Washington News
The Social Security Administration recently announced the cost-of-living increase for Social Security benefits in 2019. The 2.8% increase is the largest boost in six years. The cost-of-living increase was 0% in 2016, 0.3% in 2017 and 2% in 2018. Over 67 million Americans receive Social Security and will enjoy an increased check in January of 2019. The average 2018 Social Security payment of $1,400 per month will increase by about $39. Social Security recipients with larger payouts will appreciate a greater increase in the value of their benefits. Military retirees will also receive a 2.8% cost-of-living...
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