Getting divorced won’t impact your right to your spousal benefits under your ex-husband’s work record, but other Social Security rules will limit when you can collect. You will likely have to wait for the retirement benefit, but you do have another option since you are disabled. . . .
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Happy to be quoted in U.S. News & World Report and be able to help investors understand the benefits and risks of investing Social Security proceeds.
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The answer to this question will also depend on how much money you have in your 401(k), what your Social Security benefit is expected to be, and how much your annual expenses will be in retirement. If you have a sizable 401(k) (think more than 15x to 20x your annual . . . .
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I would be hesitant to pay for the home improvement either through withdrawing from a retirement account or getting a HELOC. Both options will increase your risk and harm your ability to enjoy a comfortable retirement over the long-term. There are other recommendations you should . . . .
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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. . . .
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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. . . .
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