Social Security is running out of money, but that’s even more of a concern for retirees

Social Security is running out of money, but that’s even more of a concern for retirees

  You work your entire career and eventually retire. After all, it’s time to enjoy your golden years. Life should go smoothly, right? This is an ideal plan. However, the reality is that things can and usually do get in the way. Unfortunately, two major issues are heading towards a collision course with America’s seniors. … Read more

How to become a ‘quiet millionaire’

How to become a ‘quiet millionaire’

  Courtneyk/iStock/Getty Images It’s easy to get caught up in the glamorous portrayal of wealth, but just because someone drives a nice car or wears expensive clothes doesn’t mean they’re actually rich. Perhaps these people have taken loans to look rich. Or they may earn high incomes, but because they spend too much of their … Read more

Matthew Perry leaves $1 million to trust named after Woody Allen’s role

Matthew Perry leaves  million to trust named after Woody Allen’s role

  Greg DeGuire/FilmMagic; Ernesto Ruscio/Getty Images Matthew Perry allocated more than $1 million to the trustees of the “Elvie Singer Living Trust”, named after the lead character Woody Allen played in his 1977 film. annie hall, According to legal documents received by Rolling stone, the will (which was signed by Perry in 2009) states that … Read more

7 things the middle class won’t be able to afford in the next 5 years

7 things the middle class won’t be able to afford in the next 5 years

  Skynesher/Getty Images Say that you are making great progress financially. You’ve adopted a middle-class lifestyle and are enjoying all the comforts that come with it: a nice home, financial stability, a growing nest egg. But inflation has overtaken us all; And, according to experts, there are some things you won’t be able to afford … Read more

When a woman dies childless, the property inherited from the father reverts to her heir as per Section 15(2)(a) of the Hindu Succession Act: Karnataka High Court

When a woman dies childless, the property inherited from the father reverts to her heir as per Section 15(2)(a) of the Hindu Succession Act: Karnataka High Court

  The Karnataka High Court recently ruled that when a woman dies without children, her property which she inherited from her father goes to her father’s heirs. bench of Justice MG Uma saw, “The averments made in the plaint show that the plaintiff is seeking rights over the property through his father. Plaintiff No. 1 … Read more

What to know about the evolving rules for inherited IRAs

What to know about the evolving rules for inherited IRAs

  hunter yarbrough , Special to the Nashville Tennessean When you inherit an Individual Retirement Account (IRA) or other type of retirement account, you’re faced with a set of rules that dictate what minimum amount you must withdraw annually. These are required minimum distributions (RMDs), and they have a significant impact on how much taxes … Read more