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Financial Implications of Working in Later Life

Money Talk

Employer Benefits - Workers age 65+ at large companies can still be covered by group health insurance, thereby postponing Medicare premiums. Other benefits also continue.

Taxes 130
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Planning Ahead for Widowhood: Changed Income and Expenses

Money Talk

If the husband dies first, the wife is left with $1,250 (50% of husband’s pension), $800-wife’s pension, and $2,000 (highest Social Security) for income of $4,050 ($48,600 annually). This is a 40% “haircut,” which some couples cover with spousal gifts, annuities, and/or life insurance.

Pension 162
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Financial Wellness Spotlight: 4 Surprising Reasons Educators Need Support

Best Money Moves

A Stanford-led study revealed that nearly half of teachers surveyed were frequently anxious about their finances, compared to only 17% of the general population. Because of stagnant salaries, educators face challenges not only in managing their daily finances but also in planning for larger expenses.