With all the buzz around “tax reform” and changes to the tax code in the last several months, you may be wondering, should I still prepare my own taxes? Or is it time to consult with a tax professional?Read More
According to a recent study by Fidelity, the average total cost of health care for a retired couple, currently age 65 and living until ages 85/87, will be $245,000!1 When people think about their retirement goals, they often overlook the expenses associated with keeping up their health. Being aware of your options and how you can fund this goal in retirement can help mitigate the possibility of having to give up your current lifestyle.
Know Your Health Insurance Options
What are yourRead More
You may be able to receive subsidies from the government for your health insurance premiums. In order to make health insurance more affordable, the Affordable Care Act allows eligible individuals to receive a premium tax credit if they obtain health insurance through the Marketplace.
The Marketplace is a health care exchange that was established by the government under the Affordable Care Act and is also referred to as “Obamacare.” It was signed into law March 23, 2010. This legislation requires allRead More
How often do you conduct business electronically? You may be surprised at the answer!
Any time you check your bank account online, have your paycheck or Social Security payment directly deposited, make contributions to your IRA, pay for your home utilities, make a purchase online, file your taxes, or use social media, you are sending or receiving information electronically. You have an electronic account in some form or another with almost every organization with which you transact.
On November 2, 2015, budget legislation was passed that included a crackdown on perceived Social Security loopholes.
Have you heard of the “file and suspend” or “restricted application” strategies for claiming Social Security? Under the file-and-suspend approach, you could file for retirement benefits at full retirement age (FRA) and subsequently suspend your own benefits, while opening the door for a spouse or dependent to claim benefits based on your earnings record. While your spouse was receiving those benefits, you would beRead More