Release Date: July 7, 2023 at 7:34 PM ET
Happy Friday Market Watchers
This week of shortened holidays was certainly buzzing with retirement news. Here are some highlights.
For military families, there is a short period during which veterans can modify their spousal and survivor benefits so that their spouses and children receive pensions after the veteran’s death. This is my first time and only for now…
Happy Friday Market Watchers
This week of shortened holidays was certainly buzzing with retirement news. Here are some highlights.
For military families, there is a short period during which veterans can change their spouse and survivor benefits so that spouses and children receive pensions after the veteran’s death. This is the first and only time such a change is possible, reports Alessandra Marito. .
Eligible military personnel are offered the opportunity to enroll in (or opt out of) a survivor benefit plan that provides pensions of up to 55% of a veteran’s retirement. Inflation-adjusted payments are provided for the life of the surviving spouse or until the children reach their maximum age. This expiry date is he until the end of 2023 and it is certain that the resolution will take time, so do not wait until the last moment.
Brett Arends argues that you should rent rather than own a home in retirement. This allows the retiree to cash in on one of his largest investments, provides flexibility, and significantly reduces upkeep and maintenance. And many are ready to downsize after decades of living in homes that may no longer suit their needs and geographic desires.
But the stability of owning a home, especially complete stability, is very attractive. Fixed costs make budgeting much easier. Brett also recently wrote about why investing in his REIT is better than becoming a landlord yourself.
Jessica Hall has seen that not only are prices for things like eggs, gasoline and rent going up, but funeral costs are rising as well. This is becoming so problematic that it’s causing people to rethink how they meet the end of their lives, whether it’s renting a coffin or holding their own funeral. In fact, survey respondents underestimate the cost of a funeral, she said, and feel burdened by the funeral costs of her loved ones.
Have a great weekend. Check out more retirement content in our MarketWatch and Retirement Weekly newsletters.
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