AARP
Widows and Widowers: Key considerations when recouplingPosted by RJ and Makay on Apr 30, 2012 |
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Much has been written about financial planning for widows and widowers in the midst of their grief and the loss of a spouse’s income. But there is a scarcity of information for the bereaved as they move on to new relationships. For example, widows that remarry before the age of 60 forfeit the social security benefits of their late spouses. Partners also face concerns later in life about comingling money when long-term care costs and estate planning become priorities.
Hartford Financial Services Group (HIG) Inc’s plan to exit a large portion of its life insurance business has prompted a Standard & Poor’s (S&P) Rating Services downgrade of subsidiaries previously aggregated under Hartford Life, Standard & Poor’s announced today. The agency is assigning individual ratings and outlooks for each legal entity. HIG intends to shift focus to its property & casualty insurance, group benefits and mutual fund business.
Fifty-five million retirees will receive a 3.6% cost-of-living (COLA) increase this January, the U.S. government announced yesterday. The COLA adjustment is the first since 2009 and will also apply to eight million Americans participating in the Supplemental Security Income program that aides the blind and disabled.
