Social Security, building income are key a widows

How long does it take IRS to process taxes?

[ad_1]

rssfeeds.usatoday.com

Dear Pete,

I’m worried about what will happen to my retirement income when my husband dies. I’m 52 years old, and he’s 62. He’s made much more money than me for years, and I personally don’t have many assets. He plans on retiring sometime in the next year, and he wants me to retire too. We won’t have a pension, and he barely has enough to retire, but he’s going to do it anyway. This works fine until he dies, because he doesn’t have life insurance and he says he’s leaving some of his accounts to his adult children. What should I do?

Marie

Scottsdale, Arizona

This is a problem. Not a “cross this ‘t’ and dot that ‘i’ problem” but a very big problem. Retirement planning is difficult enough when both people in a marriage are the same age, but when there’s a sizeable age gap the problem gets especially complicated. 

[ad_2]

Source link

Published
Categorized as Business

By Bernice Caldwell

Bernice is one of the finest authors Industry News Today portal has until now. Bernice's linguistic and well-written technique is one of the plus points that have the readers glued to her articles. Bernice currently heads the Healthcare and Services domain as her knowledge on the medical topics is immense. She has just joined the Industry News Today portal 6 Months back but the love for writing can be very well seen. She may be short on experience but it has definitely not stopped her from presenting some of the finest articles. Bernice is currently a very well-known personality on the portal to have shown her skillful writing in such a limited time span.

Leave a comment

Your email address will not be published. Required fields are marked *