According to the latest Census Bureau wealth study, in the critical 55-to-64 age bracket, when household wealth typically builds to its peak before being drawn down in retirement, the median net worth for married couples is about four times higher than that of singles.
The Social Security Administration has announced that for the first time since 2009, a cost-of-living adjustment (COLA) will be paid to Social Security beneficiaries and Supplemental Security Income (SSI) recipients. Monthly benefits will increase 3.6% starting in January 2012 for Social Security beneficiaries and starting on December 30, 2011, for SSI recipients. Read more in this Financial Tip.
College costs are rising! See what it costs for in-state & out-of state students at public colleges, and private colleges.
Retiring within the next 10 years? Here are some critical financial steps to take before you plan your retirement party.
2010 Tax Act created new provisions for estate tax laws. Read how these may temporarily affect your estate plan in this week’s Tax Tip.