Under select conditions, a widow can collect her late husband’s Social Security benefits after he dies but how does a widow go about doing this to ensure she can continue to pay the rent, mortgage or other bills?
Overseen by the Social Security Administration,
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Dear Liz: A while back, you responded to a letter writer that Social Security’s estimates of the amount a person will receive assumes the person will continue working until they apply for benefits. I thought the amount a person receives was based on the average of the highest 30 years’ of earnings over a person’s entire career.
Tesla shares have surged since Donald Trump’s election last week, amid investor hopes that CEO Elon Musk’s close ties with the president-elect will benefit the company.
Trump has tapped Musk to co-lead a newly created Department of Government Efficiency, an agency tasked with reducing government expenditure and slashing excess regulations.
A 2.5% raise may not be much to write home about, but it’s also not the worst possible outcome.
If you’re among the millions of older Americans who rely heavily on Social Security to make ends meet in retirement, then you may be reeling over the fact that your benefits are only going to rise by 2.5% in January.
Despite nearing the twilight of his career, Cristiano Ronaldo continues to shine on the biggest stages of international soccer. Following a spectacular performance against Poland in the UEFA Nations League, Ronaldo broke yet another record from former Real Madrid teammate Sergio Ramos.
NEW YORK – As the polls and prediction markets showed Donald Trump looking more likely to return to the White House, the value of the dollar began to rise. When the result became clear, it soared.
The day after the election, the dollar rose the most it had in years against a basket of other major currencies.
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Warren Buffett once said, “Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.” It’s fair to say that Buffett doesn’t think too highly of Wall Street analysts’ opinions.
However, analysts think highly of some stocks that Buffett likes.
Many of the market’s top tech stocks minted millionaires over the past 10 years. A $50,000 investment in Nvidia would be worth nearly $15 million today. The same investment in Advanced Micro Devices would be worth $2.6 million.
Nvidia and AMD might be considered high-growth outliers, but plenty of other promising tech companies could still generate millionaire-making gains over the next decade.
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The Federal Reserve has cut interest rates twice in the past few months. This has caused the interest rates paid for savings accounts, CDs, and money market accounts to fall.
However, you need to keep a couple of things in mind. First, interest rates are still rather high. The Fed’s cuts lowered the federal funds rate by a total of three-fourths of a percentage point (0.75%),
It might surprise you, but Warren Buffett, the 6th richest man in the world with a net worth of over $147 billion, has a unique perk in his wallet: a McDonald’s Gold Card that gives him free meals for life at any McDonald’s in Omaha, Nebraska.
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