He wanted me to inherit his Social Security benefits.
I myself am a disabled person, and my mom has also passed away.
My question is, is there some other way I can get around what Im being told?
Youre my last hope in solving these questions, Ill drop them if you cant answer them for me.
Im exhausted and financially stressed but happy I was able to take good care of my beloved dad.
I just need to fulfill this last thing because I need closure.
Thank you for any help you’re free to give.
However, you might have another option.
Probably not as good as youd like.
It always seems like an uphill battle to build (and keep) a decent amount in savings.
But what if your car breaks down, or you have a sudden medical bill?
A substitute party must be a surviving family member who can stand in for the original claimant.
The account shouldnt have to go through the probate process if a beneficiary is listed.
Landersman is referring to income tax you pay on distributions from a retirement account.
The special IRA would let you spread out the tax obligation.
Dana Miranda is a Certified Educator in Personal Finance, author, speaker and personal finance journalist.
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