I may turn my IRA over to a money manager who charges a 1% annual fee. Can that money come directly from the IRA without triggering taxes or a penalty? I am under 59½. Yes, the management fee can Source
It’s fairly common for lower earning spouses to take a reduced Social Security benefit before reaching full retirement age. Some couples have second thoughts about that decision. You might be able to take a do over or at least Source
By Judy Martel for Bankrate.com Tantalizing dreams of winning lottery tickets and unexpected inheritances from distant, rich relatives aside, for most of us, wealth doesn’t come all at once. Rather, it steadily dribbles in as the result of years of dedicated saving,...
Consider the following two options 1) You are 55 years old and have $800,000 today to cover your retirement spending, starting at 65. 2) You are offered $4,000 in monthly income, starting on your Source
Homeowners applying for a reverse mortgage will soon have to clear a new hurdle. In the spring, all borrowers will have to prove that they can handle the ongoing costs of the loan. Homeowners who don’t pass the financial Source
By Crissinda Ponder for Bankrate.com You’ve happy-danced your way out of the dorms and walked across the stage at graduation, but that doesn’t mean class isn’t in session anymore. It’s time for Money Management 101. Unless you want your 20-something years...
Most of us want to remain at home as we get older, but safety and health issues and social isolation can interfere with that plan. A growing number of seniors are turning to state of the art digital tools Source