Mangus Finance

Mangus Finance

Mature Families

Government Benefits: Turn Them Down, Build a Better Life?

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Erin discusses where government benefits, such as SSI benefits, has helped her family. Meanwhile, Marc discusses a time when a client turned down Social Security Disability Income benefits during a pivotal moment, and built a better life. How Supplemental Security Income (SSI) Can Be Beneficial I’d like to tell you a personal story from my household about how my mother’s family … [Read more...] about Government Benefits: Turn Them Down, Build a Better Life?

When Death, Disability or Divorce Triggers A Retirement Plan Distribution

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Death or Disability Death triggers a retirement plan distribution to the beneficiary (make sure this is up-to-date, or it will go to your probatable estate). If this is a pension, a lifetime annuity for the spouse may be created, if it wasn't waived by the deceased (this is a Qualified Preretirement Survivor Annuity, or QPSA) With disability, it triggers a retirement plan … [Read more...] about When Death, Disability or Divorce Triggers A Retirement Plan Distribution

Taxation When It Comes To Social Security Benefits

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Marc Ang discusses about some of Social Security benefits tips and the technical aspects of taxation on Social Security benefits and also gives examples on calculating social security benefits tax. For many active seniors who want to continue working, or are savvy investors making passive income, there are some tax nuances to consider. Many seniors ask the question, "Are my … [Read more...] about Taxation When It Comes To Social Security Benefits

Social Security Fast Facts: The Basics

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Marc Ang discusses Social Security basics and the government benefits we have paid into, some staggering social security statistical facts, criteria to qualify for social security benefits (fully insured versus currently insured) and the decision to take an early retirement or to delay until you're 70. Here is a little cheat sheet on Social Security basics and statistical … [Read more...] about Social Security Fast Facts: The Basics