A 401(k) is an employer-sponsored account that allows you to defer the taxes on your investments until retirement, which means that you can roll up more money faster.
There are two big victories with qualified charitable donations: You lower your overall taxable income—adjusted gross income—and the money you donate to charity directly is not taxed.
There’s a fine line between holding on to important financial and medical records and keeping every document that you have ever owned.
Social Security and Medicare are social safety programs that Americans pay into during their working years through taxes.
Years ago he signed a power of attorney document naming me as his agent, so I could help him with these types of things. Not ever having done this before, what do I need to know about fiduciary duty?
A trust is an account that gives a person control over who will receive their assets during their lifetime and/or at their death.
Congress passed an important retirement-savings law called Setting Every Community Up for Retirement Enhancement, or the SECURE Act of 2019.
In some states, those who are appointed ‘conservator of the estate, are those who make financial decisions. Those who are appointed ‘conservator of the person,’ handle the same issues as a ‘guardian.’
The death of a beneficiary scenario can arise in settling either a probate estate or a trust administration. The beneficiary’s death affects both the administration of the first decedent’s probate estate or trust and the administration of the beneficiary’s own estate.
In 1987, Congress enacted the Nursing Home Reform Law. In a nutshell, the law is designed to ensure that nursing home residents are provided whatever they need to function at the highest possible level.
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