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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.

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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

Financial education can help teachers understand their unique retirement and health insurance plans Teachers also have unique and complex retirement and health insurance plans that can be difficult to navigate. However, only about half of teachers remain in the profession long enough to qualify for full pension benefits.