Tag: retire
It’s not unusual for workers who grew up in lower-income households to help their parents out financially. But a new study uncovers a twist in this familiar story: once the parents are old enough to collect Social Security, the money flowing from adult child to parent slows down. And when this occurs, the offspring ar…
Jennifer Lee wanted to work until 70 to max out her monthly Social Security checks – at least that was the plan before she was laid off three years ago from a Washington D.C. church. The church’s newly hired pastor “decided he wanted a whole new staff,” she said. “I felt to a degree …
