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Soreath Hok was born in a Cambodian refugee camp after her family, like thousands of others, fled the fall of the Khmer Rouge. They survived because of the groundwork laid by former first lady Rosalynn Carter, who raised money for food, shelter and medicine for the refugees, Hok writes.
If you have $1 million in a 401(k) and collect a pension, you may be in a position to delay Social Security until age 70. Doing so can boost your monthly benefit by up to 24%. However, delaying Social Security will mean you’ll have to rely more heavily on your savings for several years and […] The post I Have $1 Million in Savings and a Pension. Should I Delay Social Security and Rely on My 401(k) for 8 Years? appeared first on SmartReads by SmartAsset.
BlackRock recently suggested that investors should throw the common wisdom out the window in favor of a black-and-white approach to retirement.
It might be time to abandon the idea of a balanced portfolio. Traditional wisdom holds that investors should diversify their assets. While working and saving, you should invest in a mix of assets weighted toward stocks and growth. In your retired life, you should invest in a mix of assets weighted toward security and income. […] The post A Black and White Approach To Retirement: Advisors Weigh In on BlackRock’s Unconventional Recommendation appeared first on SmartReads by SmartAsset.
Thousands of Cambodians fled the Khmer Rouge and ended up in California. Now, their children are trying to cope with the collective trauma.