Would you like to preserve your assets for your children or other loved ones while minimizing tax consequences at the same time? If so, a charitable trust could be a good tool for you to use. Charitable trusts provide individuals…
According to the Senior Safe Act, which became effective on May 24, 2018, financial institutions and regulators will be able to report instances of potential financial exploitation of senior citizens. Those who are covered by this law include financial institutions,…
Since 2006, the Pension Protection Act has been the only significant change in retirement legislation since the Setting Every Community Up for Retirement Enhancement Act (SECURE). The impact of the SECURE Act on some retirees, near-retirees, and their future beneficiaries…
In most cases, talking about the end of our lives is uncomfortable and easily avoided. Since we don’t want to talk about it, many of us don’t make plans for what we want to happen before or after we pass…
The difficulties of being a caregiver aren’t apparent until you become one. Taking on this role is an honor for many people since it involves someone they love. In the US, 53 million people have assumed this role and then struggled to…
Higher education costs are increasing every year, so families are trying to find ways to save. One option is a 529 plan. These investment plans allow families to put money away for a child’s future education expenses and gain tax…
Age discrimination in the workplace persists despite decades of efforts to eliminate it. Age discrimination occurs when an employee or prospective employee is treated less favorably because of their age. It can be directed at older employees as well as…
The 65th birthday is a milestone for many Americans, but ahead of this milestone is a long list of things to do to ensure successful aging. Overall, the most crucial thing to do before turning 65 is to invest your…
An estate tax is imposed in the US when assets pass from an estate of a deceased individual to an heir or beneficiary. An estate tax is not the same as an inheritance tax. It’s a tax on the total…
We have witnessed an unprecedented shift in our daily lives as a result of the COVID-19 pandemic. From remote working and online schooling to virtual doctor consultations and contactless deliveries, technology enabled us to adapt and continue functioning while practicing…
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