Ask Larry Economic Security Planning, Inc. Today’s column addresses questions about whether and when recent higher earnings will increase a retirement benefit already filed for, whether filing for and suspending a retirement benefit would be advantageous and benefits potentially available on an ex’s record. Larry Kotlikoff is a Professor of Economics at Boston University and
Retirement
bailout money getty Last week, I walked readers through the particulars of the latest version of a bailout plan for the troubled multiemployer pension plans. I explained that the new plan, one component of the “Covid relief” reconciliation bill, was a significant disappointment insofar as it consisted wholly of plowing cash into the most-troubled plans
Scammers who incessantly try to defraud seniors pay attention to headlines. News items describing scarcity of vaccines, long lines of seniors camped out, waiting to get Covid vaccines, fear of contracting a new variant—all are like invitations to scammers. They adapt quickly and invent ways to capitalize on fear. Fear is around us, particularly among
To complete the 3 Rs, it’s a good idea to involve your financial professional. They can help! getty In the old days, everyone learned the three Rs, ‘Reading, wRiting and aRithmetic.’ These basics were big buckets that contained a basic education. If you could master those, you’d find yourself in pretty good shape. At times,
By Diane Eastabrook, Next Avenue FRANKFORT, KY – JUNE 19: Hundreds of unemployed Kentucky residents wait in long lines outside the … [+] Kentucky Career Center for help with their unemployment claims on June 19, 2020 in Frankfort, Kentucky. (Photo by John Sommers II/Getty Images) Getty Images At the end of 2018, Ida Lane, 63,
An innovative crowdfunded forensic investigation of the Ohio State Teachers’ Retirement System will … [+] invite public participation. getty An innovative forensic investigation of the nearly $80 billion Ohio State Teachers Retirement System crowdfunded by the Ohio Retired Teachers Association will invite public participation by posting all documents obtained from OSTRS online for public scrutiny;
By Kerry Hannon, Next Avenue getty There’s something romantic about hearing Elvis Presley croon: “Wise men say only fools rush in, but I can’t help falling in love with you” that makes Cliff, my husband of more than 28 years, and me grin. We might even begin to dance. It’s “our song.” It’s also that
Getty Images getty Are there charitable causes you feel strongly about that you want to support? Do you want to integrate philanthropy into your family life? Do you wonder which method of charitable giving is right for you? People often engage in charitable giving because they feel strongly about a specific cause and want to
By Margie Zable Fisher, Next Avenue Glen Muñoz, podcast producer Glen Muñoz Almost every day since the outbreak of the coronavirus, we’ve heard stories about businesses shutting down. Yet new businesses have also been launched during the pandemic at the fastest rate in over a decade, according to The Wall Street Journal. Some of these new
LightRocket via Getty Images Over the last couple of weeks, the financial headlines have been dominated by market manipulation, GameStop, short squeezes, Reddit frenzies and other uncommon topics. A little perspective makes it easier to understand these events and how they should affect your investment strategy. The big news was the strong increase in the