January 31 marked the beginning of yet another income tax season – busy for tax professionals and stressful for the rest of us. Did I get all my 1099s for income? Did I get all the deductions to which I am entitled? Should I tackle it myself or hire a professional? These are the questions […]
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An estimated 3.3 million Americans currently live in the nation’s nearly 16,000 nursing homes. That number translates to 1 in 7 people ages 65 and up, and more than 1 in 5 of them are 85 and older. Many pay their monthly fees with their own financial resources, and some have the assistance of long […]
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Most of us accept the fact that death is inevitable, and the older we are- the quicker we get there. Most of us also know, while we don’t like it, that our income taxes are due each year by April 15th. What many of us do not know is that death does not excuse us […]
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Most of us have heard about long term care, and most of us don’t want to think about it! However, most of us know a parent, a spouse, a friend or other relative who is dealing with issues concerning a loved one’s care. According to Medicare statistics, you may never need long-term care. But this […]
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Talking about money is hard. It is hard enough for spouses, and many spouses even today still do not talk about their financial, credit and tax issues. It is often the case with older couples that one spouse dies with the surviving spouse knowing little or nothing about where assets are, what the tax situation […]
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