“Careful consideration must be used in determining how to use these benefits and how to prepare for the transitions that come as the child ages,” Melissa Brennan, a certified financial planner at ARS Private Wealth Management, shared with AARP.With this in mind, Rebecca has the opportunity to earn a significant amount of money over the coming years, and managing these funds responsibly is essential.In Rebecca's case, assuming she's still in high school at 19, she could potentially receive these benefits thr ...

Most of us make retirement plans with the best-case scenarios in mind. But what happens when those carefully laid plans are upended by tragedy? Imagine David, a 60-year-old man who retired seven years ago. He's living on around $1.5 million in retirement funds and had planned to take Social Security at 67. But then his younger sister died, leaving him to care for her two teenage daughters, ages 13 and 16. Must Read Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you ...