Long-Term Care Insurance Options About 70% of Americans who reach the age of 65 end up needing long-term care at some point in their remaining life. This was determined by a study from the U.S. Department of Health and Human Services. And, some people will get by with unpaid care from their own family members …
Biggest Tax Changes For the 2022 Tax Year The Inflation Reduction Act is ushering in a number of changes. You’ll want to be up-to-date on these changes this tax filing season. It might seem easy to get overwhelmed by all these rules. Many are beneficial, many are potentially a burden. The tax code as a …
RMDs in 2023 One possible upside to 2022’s financial climate? It could soon lower the impact of RMDs (required minimum distribution) on your accounts. Here’s a quick list of what you need to know about calculating RMDs in 2023. If you’re retired and over age 72, you’re probably already taking RMDs from your traditional IRA …
How to Retire With a Pension Plan As you near retirement, and are due a pension, there’s a tricky decision that you’ll be faced with. This is whether you’ll take your benefits as a lump sum, or as a series of payments over time. For those leaning towards the lump sum option, there’s some information …
10 Hidden Expenses in Retirement Does your retirement budget cover all of these costs? If not, your retirement could be derailed. You may need to alter your strategy to account for these expenses: Hidden Housing Costs The first thing to consider is housing costs. Many fail to look any further than their monthly mortgage payments …
