As a 58-year-old woman who needs to save for retirement, what is the best way to save?

Yes, you will want to contribute the maximum you can to the Roth IRA, which is $6,500 in 2018 (you get access to the $1,000 catch-up contribution for being over age 50). You may also need to save additional money into a taxable account to supplement your tax-advantaged retirement funds. . . .

Retirement Planning, InvestingJoshua Escalante Troesh, CFPNovember 22, 2018Retirement & Legacy, Retirement Planning, Social Security, Individual Retirement Account, Claiming Strategies, Roth IRA

Does my wife get a percentage of my Social Security benefit after she retires and claims her own benefits?

Your wife is entitled to benefits based on your Social Security benefits, but it will not impact or reduce how much you receive. She is entitled to 50% of your benefits or 100% of her own benefit. . . .

Retirement PlanningJoshua Escalante Troesh, CFPSeptember 6, 2018Social Security, Spousal Benefit, Claiming Strategies