Social Security Q&A: Benefits to Kids After Retirement
Question: I have two minor children at home and I plan to retire soon. Will my children be eligible for monthly Social Security benefits after I retire? Answer: Monthly Social Security payments may be made to your children if: ■ They are unmarried and under age 18; ■ Age 18 or 19 and still in high school; or ■ Age 18 or older, became disabled before age 22, and continue to be disabled. Children who may qualify include a biological...
Money Talk: Pay in Full on Time for Best Results
Question: I have little to no information — good or bad — in my credit reports. I am considering obtaining a secured loan from my credit union to establish better credit. Does it make any difference to my credit score if the credit union reports the loan as “secured”? Answer: Credit scores don’t treat installment loans differently based on whether they’re unsecured, with just your promise to repay, or secured, which means backed by an...
From the Editor: A Place to Make Their Stand
We have a fair amount of fun here in the newsroom riffing on the age differences among the staff. One of us — a grizzled business magazine editor, say — will make a witty reference to Sheriff Buford T. Justice or maybe Glenn Frey, only to be met with an indulgent but nevertheless uncomprehending stare from a 20-something fellow editor. Later, a 20-something staff writer demonstrates how he monitors multiple social media “timelines” on...
From the Editor: A Place to Make Their Stand
We have a fair amount of fun here in the newsroom riffing on the age differences among the staff. One of us — a grizzled business magazine editor, say — will make a witty reference to Sheriff Buford T. Justice or maybe Glenn Frey, only to be met with an indulgent but nevertheless uncomprehending stare from a 20-something fellow editor. Later, a 20-something staff writer demonstrates how he monitors multiple social media “timelines” on...
Are You Saving Enough For Retirement?
Saving for retirement is no easy task, but a new study says you don’t need to be a Powerball winner to put away enough cash for old age. According to the study by Fidelity Investments, 45 percent of those surveyed in 2015 were on track to cover essential expenses during their retirement, up from 38 percent in 2013. Although that’s still less than half the population, the percentage is heading in the right direction. One reason: People...
