Among the best stories from Retirement Daily for March 2 - 6: How to avoid costly Social Security mistakes, know the changes wrought by the SECURE act, and best buys for March.
Robert Powell says it's so easy to make mistakes when claiming Social Security benefits -- and it's costly. These include taking benefits at the wrong time, not planning for your surviving spouse, and ignoring federal and state income taxes on benefits. Here's how to get every penny you deserve. Read more in 11 Mistakes to Avoid When Claiming Social Security.
And in case you missed them, here are some more great columns in Retirement Daily:
Brad Pistole writes that the SECURE act has brought about major changes to tax-deferred accounts and retirement planning for the future.
Jeanette Pavini hunts down the best deals for March. Save now on everything from sporting gear to garden supplies.
A reader needs to understand the tricky elements of rolling money from a 401(k) to an IRA prior to age 59½.
Question: I'm trying to roll over my 401(k) to an IRA. I'm 56 years old and still with the employer who my 401(k) is with. Is this possible?
A reader asks how Social Security benefits involving an ex-spouse are calculated.
Question: When I applied and started receiving Social Security, I wasn't sure if I got and received the right answer. I was married for more than 10 years and never remarried. My ex-husband receives the highest amount since he made a wonderful income. I worked but never made anywhere near the same amount. I applied at 62½, thinking I would get one-half. Instead, I got mine and only a tiny amount of his. How do I know if they made a mistake? I am now 67.
Social Security does not combine survivor and disability benefits.
Question: My wife died and she was getting a monthly Social Security benefit of $529. I am on disability and receive $751 a month. I'm 62. Do I make too much to receive survivor benefits?
Here are some of the latest reports, surveys, and studies related to retirement, including research into veterans' financial stability, financial literacy and wealth inequality factors.