The Social Security program was designed to assist people in running their households in retirement. However, Social Security checks are becoming the primary income source for an increasing number of Americans as many didn’t invest adequately in their 401(k)s or focus on building passive income streams during their working years. Those relying heavily on Social … Read more
Lois, an 83-year-old San Francisco Bay Area resident, recently lost $50,000 in a sophisticated cryptocurrency scam after falling victim to a “grandson in trouble” ruse. Lois, returning home late on a Friday evening, received a frantic call from a man claiming to have her grandson, stating that he was in trouble. Moments later, another voice, … Read more
A dramatic inheritance dispute involving an £800,000 ($970,000) estate has reached London’s High Court after Carry Keats, a 92-year-old pensioner from Nomansland, Wiltshire, tore up her will on her deathbed, leaving her relatives to fight over her fortune. The family feud has pitted five of Keats’ cousins against her younger sister, Josephine Oakley, over the … Read more
Illustration purposes only. LinkedIn Sales Navigator/Pexels.com A 77-year-old independent woman entered a relationship three years ago with a wealthy man who is 70. The woman owns her own home and has adequate retirement income but isn’t as rich as her partner. Although they are in good health and are committed to each other, financial concerns … Read more
75-year-old Tim F. receives larger monthly Social Security checks because he waited until he was 70 to collect the benefits. He followed the general trend of securing bigger checks by delaying his retirement beyond 62 and even full retirement age, which is 67 for those born after 1960. However, Tim regrets not collecting Social Security … Read more
Individuals must enrol in Medicare when they turn 65, especially if they have plans to delay retirement further. tiago tins/Pexels.com A 65-year-old woman is mulling divorce since her husband, who inherited millions from his father, doesn’t share the money with her. He forced the woman to withdraw Social Security benefits at 62, which locked her … Read more
