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Divorce causes stress in many ways. Emotions run hot, and you must deal with many different aspects of life. Many times, the financial side may not get the attention it deserves. Today on Wealth Wednesday, we discuss how you can handle some of the financial aspects of divorce.
During the retirement planning process, It is important to consider your Social Security benefits. But some of the planning goes beyond some of the basics. Today we want to share 4 things you need to know when thinking about your Social Security benefits.
According to Cerulli Associates, nearly $70 Trillion will transfer from one generation to the next. For some, an inheritance could be a life-changing event. For others, it could create a new set of problems. If you are inheriting money, what should you do?
As you approach retirement, the financial risks of long-term care costs become a greater concern. Potential out-of-pocket costs can surprise many. Locally, a nursing home stay can cost between $6,000 and $8,000 per month. Full-time in-home care can exceed $10,000 per month. A prolonged stay can create a lot of financial stress.
