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Thursday October 21, 2021

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Thank you for your interest in Outer Banks Community Foundation. Our hope is to serve you and your family with helpful information.
IRA and 401(k) Designated Beneficiary Options
Personal Planner
Each year, IRAs and 401(k)s are subject to required minimum distributions (RMDs). Because the distributions start at just under 4% at age 72 and then slowly increase, many IRA and 401(k) plans earn more than those payouts and will continue to grow. While the distributions will become larger as the...
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Largest Social Security Increase in Four Decades
Washington News
The Social Security Administration has announced a 5.9% increase in benefits for 2022. This is a dramatic change over the 1.3% increase for 2021. During the past decade, the increases have generally been less than 2%. Approximately 70 million Americans will receive the increased payment amounts in...
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Financial Assistance for Aging-in-Place Improvements
Savvy Living
Do you know of any financial assistance programs that can help seniors with home improvement projects? I would like to help my grandparents make a few modifications to their house so they can continue living there safely, but they live on a fixed income. There are a number of financial aid...
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