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Claiming Ex-Spouse’s Benefits

Submitted by Jim Blankenship on Friday, October 31, 2014 - 3:00pm

Important information for divorcees: You can still receive benefits on your ex’s Social Security record if you were married longer than 10 years, and you are not yet remarried.

Because sometimes the ex’s income represents the lion’s share of the couple’s Social Security record, many divorcees are very interested in knowing what benefits are available to them, and when. Listed below are seven common questions about divorced spousal benefits.

Q: Am I eligible for benefits on my former spouse’s record?

Biz Owners: Prepare for Exit

Submitted by Hilary Hendershott on Friday, October 31, 2014 - 12:00pm

If you’re an entrepreneur, you work, build and earn for yourself. Lacking the security of another’s business to help fund your later years, you must take special care saving for the future – beginning with now.

Start with the end in mind. Understand the prospects and limitations of your business – including when and how you’ll exit. If you already run a business, know your business type and how that type affects potential ways you can eventually exit or sell.

Rate Forecasts: Always Wrong

Submitted by Michael Garry on Friday, October 31, 2014 - 9:00am

Don’t believe interest rate forecasts, let alone build your investment strategy around them. Expectations about interest rates change because of the news every day. But they regularly are dead wrong.

In a recent article, Bloomberg News noted that the rally in the U.S. Treasury market in 2014 was stronger than every economist it surveyed had predicted. Yes, stronger than every one of 66 economists polled.

Getting Professional Advice

Submitted by Jeff Rose on Thursday, October 30, 2014 - 3:00pm

We’ve all been there: whenever you have a question, you Google it. But when it comes to your finances, don’t rely on the Internet. There’s so much going on in a person’s life that is unique to him or her. The advice that applies to others doesn’t apply to you.

Consider this question a woman asked me:

Optimizing Social Security

Submitted by Harold Wong on Thursday, October 30, 2014 - 12:00pm

Your retirement income hinges on a seeming paradox: People increase dependence on Social Security even as the long-term solvency of the government golden years’ program reportedly dwindles. What tricks of timing and finances can give your benefits checks the biggest boost?

Waiting to collect is the key. Examples may give you a good idea.

Flash Boys Bedevil Us Again

Submitted by Brenda P. Wenning on Thursday, October 30, 2014 - 9:00am

The flash boys are agents of the Evil One. In light of stocks’ recent downturn, Satan seems firmly in control of the market. The flash boys, a.k.a. high frequency traders, were certainly involved in this mischief.

Handling a Biz Cash Shortage

Submitted by Josh Patrick on Wednesday, October 29, 2014 - 12:00pm

Running out of ready cash is the worst thing that can happen in your business. Without cash in your hand, your suppliers probably won’t ship, your employees might quit and, if the situation continues long enough, your competitors will circle like vultures. Yet sometimes in your business life you’re just plain short on cash; here’s how to make the best of such a tough situation.

A Free College Education

Submitted by Cherice Chen on Tuesday, October 28, 2014 - 3:00pm

When Jennifer Rufener, a freshman at Ohio’s Kent State University in architecture, got a call from her mother on a Wednesday morning, she was worried. She thought it was bad news – and had no inkling it was wonderful news that would change her life.

Her mother never called during school. Although she was in the middle of a class, Jennifer thought she should answer this.

“Jen, we need to come get you,” were her mother’s first words.

“I was so scared,” Jennifer said as she recounted that conversation. “I thought something bad had happened.”