Spousal IRAs: What are They and Who Can Contribute to One?

Spousal IRAs are designed to allow a working spouse to make IRA contributions for a spouse who does not have enough earned income to make their own IRA contributions. There are some key requirements that must be met: The spouses must be legally married and file a...

You’re Retired: How Do You Measure Up?

You may or may not be doing better than average, but you’re almost certainly doing better than your parents. Today’s elderly are healthier, better educated and live longer than any previous generation, according to a report from the Federal Interagency Forum on...

Private Funds: Annuities

Understanding how Annuities Can Pay for Senior Care An annuity can ensure that a retiree is able to afford assisted living. Immediate annuities promise a steady stream of payments, no matter how long you live. The catch is that you must hand a large chuck of money...