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Top related persons:
Natalie Colley - 2 Colley - 2 Susan Brown - 1 Lin - 1 Kamila Elliott - 1 Laura Tach - 1 Alicia Eads - 1 Brown - 1
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New York Atlanta West Palm Beach , Florida
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Francis Financial - 2 Social Security - 2 Women - 2 Gerontology - 1 Bowling Green State University - 1 Collective Wealth Partners - 1 Cornell University - 1 University of Toronto - 1

Search resuls for: "Natalie Colley"


3 mentions found


☆ 'Gray divorce' has doubled since the '90s — and the financial risk is high for women
  + stars: | 2024-03-23 | by ( Greg Iacurci | ) www.cnbc.com   time to read: +6 min
The rate of "gray divorce" — a term that describes divorce at age 50 and older — doubled from 1990 to 2019, according to a 2022 study published in The Journals of Gerontology. The 'chronic economic strain' of gray divorceIn heterosexual relationships, gray divorce typically "has more negative implications for women than for men," said Kamila Elliott, a certified financial planner and co-founder of Collective Wealth Partners, based in Atlanta. Altogether, women's standard of living declined by 45% following a gray divorce, while the drop for men was less severe, at 21%, Brown and Lin wrote. These negative economic outcomes persisted over time, "indicating that gray divorce operates as a chronic economic strain," they said. For example, let's say a husband is eligible for a larger Social Security benefit relative to his female spouse.
Persons: Susan Brown, Lin, Kamila Elliott, Laura Tach, Alicia Eads, Natalie Colley, Brown, Elliott, Women shouldn't, Colley, I've Organizations: Gerontology, Bowling Green State University, Collective Wealth Partners, Cornell University, University of Toronto, Francis Financial, Social Security, Women, Collective Wealth Locations: Atlanta, New York
☆ Social Security benefits after divorce: In some cases 'your ex is worth twice as much dead than alive,' expert says
  + stars: | 2024-03-19 | by ( Greg Iacurci | ) www.cnbc.com   time to read: +3 min
red_moon_riseThe rules around claiming Social Security benefits are full of caveats and nuances. "Your ex is worth twice as much dead than alive," said Mary Beth Franklin, a certified financial planner and Social Security expert. The calculus assumes the first spouse to die had a larger Social Security retirement benefit than the survivor. Social Security rules for married, divorced spousesThe federal government determines Social Security benefits based on age and earnings history. Claiming benefits based on an ex-spouse's earnings record doesn't affect or reduce that former spouse's benefits, Colley said.
Persons: Mary Beth Franklin, Natalie Colley, Sandy, she'd, —, Franklin, Colley Organizations: Social, Social Security, Women, Francis Financial, Social Security Administration, spouse's Social Security, spouse's, SSA Locations: West Palm Beach , Florida, New York
☆ Where to get the best returns on your savings when rates are high
  + stars: | 2023-05-03 | by ( Jeanne Sahadi | ) edition.cnn.com   time to read: +6 min
The average bank savings rate as of April 26 was a paltry 0.24%, according to Bankrate. At some of the biggest banks, savings rates are as low as 0.01%. For the rest of your emergency fund and other savings, you can get a healthy return just by opening an online high-yield savings account at an FDIC insured online bank. As with most bank rates, high-yield rates are variable so can change at any point. Don’t chase yieldAs attractive as many savings rates are today, they are no substitute for the long-term returns you can earn in a diversified investment portfolio of stocks, bonds and other assets.
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