July 7, 2011
Widows Have Social Security Options
Julie Taylor-Cooper, who worked for decades as an accounting manager, now scrapes by on her late husband’s Social Security checks and a $145-a-week job.
Many baby boomers like Taylor-Cooper may not realize there are various strategies for claiming full Social Security benefits that can have a dramatic impact on their retirement security.
“There are eight or nine options for retirees, spouses, and widows,” said Stephen Richardson, spokesman for the Social Security Administration. (Full disclosure: SSA funds this blog.)
Julie Taylor-Cooper from Over Fifty and Out of Work on Vimeo.
July 5, 2011
Expert Offers Advice About Advisors
J. Michael Collins, faculty director of the Center for Financial Security at the University of Wisconsin – Madison
People often have a tough time deciding whether they would benefit from hiring a financial advisor.
J. Michael Collins, who specializes in consumer decisionmaking in the financial marketplace at the University of Wisconsin – Madison, attempted to answer some questions on the topic in an online interview by a Chicago money manager.
Most agree that fee-based advisors are preferable to those who earn commissions by selling products to their clients – being a broker or a salesman conflicts with giving advice. This troublesome conflict is eliminated by paying an advisor a fee for his or her work.
But even the prospect of hiring a fee-based advisor typically raises more questions than answers. What do advisors do? Is the service worth the fee an advisor charges? What exactly am I paying for?
Read here what Collins had to say on the topic.Learn More