1. Articles from forbes.com

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    1. Does Medicare Pay For Long-term Care? Don’t Make A Big Mistake!

      Does Medicare Pay For Long-term Care? Don’t Make A Big Mistake!

      Who needs long-term care and why?

      Maybe, eventually, every one of us will need this care. Consider these statistics. 

      • A person turning 65 today has almost a 70% chance of needing some type of long-term care services and support in their remaining years. 
      • 20% of those turning 65 will need care for longer than five years. 
      • About 35% of people who reach age 65 are expected to enter a nursing home at least once in their lifetime.
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    2. Employees Should Know These Three 2020 Tax Numbers

      Employees Should Know These Three 2020 Tax Numbers

      We’re all super busy in January, but don’t forget basic tax planning for 2020. At the start of each year, key numbers in many tax-law provisions are adjusted for inflation. While the IRS and Social Security Administration announce these figures in the fall, January is really when you need to pay attention to them. Many of the adjustments are important for employees, their paychecks, and their basic tax planning for 2020.

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    3. Help! I’m A Freelancer Who Maxed Out My Roth IRA. Where Do I Go Next With Retirement Savings?

      Help! I’m A Freelancer Who Maxed Out My Roth IRA. Where Do I Go Next With Retirement Savings?

      I write about banking, finance, and consumer issues. Share to facebook Share to linkedin Getty More than 7,000 media workers lost their jobs in 2019 , pushing many of the laid-off reporters and editors into the unstable world of freelance journalism. Building a freelance career comes with some freedom, but with a lot of complexity. Although you may not always think of freelancing in these terms, becoming a freelancer means you’ve put yourself in charge of running your own small business.

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    4. 3 Major Penalty Taxes That Could Diminish Your Retirement Savings

      3 Major Penalty Taxes That Could Diminish Your Retirement Savings

      Many of the best retirement saving strategies use employer-sponsored retirement plans like a 401(k), or individual plans like an IRA or Roth IRA. These retirement savings vehicles provide credit protections, preferential tax treatment to the investments, and in some cases, sizable tax deductions for contributions. 

      For instance, when you save in a 401(k), you can do so pre-tax, and allow for up to $19,000 of salary deferral into the plan in 2019 and $19,500 in 2020. This amount is fully deductible and not included in your taxable income. Additionally, employer contributions to your 401(k) aren’t included in your taxable income. 

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    5. 10 Common Mistakes To Avoid When Exiting Your Business

      10 Common Mistakes To Avoid When Exiting Your Business

      I was recently struck by an article written by Mitch Gorochow of the Center for Business Transition at RSM US LLP, the nation’s leading provider of audit, tax and consulting services focused on the middle market. In his piece, Gorochow laid out his case for the top 10 mistakes business owners make when they consider exiting their businesses. It’s worth reading the entirety of the article when you get the chance, but here’s my take on those 10 mistakes Gorochow identifies.

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    6. 529 ABLE Accounts: Helping End Forced Poverty For Disabled Individuals

      529 ABLE Accounts: Helping End Forced Poverty For Disabled Individuals

      Living with a disability comes with all kinds of challenges, but the financial impact of being unable to work can be absolutely devastating. Imagine not being able to support yourself due to your disability, but also not being able to save money so you can continue qualifying for government aid including Supplemental Security Income (SSI).

      To qualify for SSI, your countable resources must not be worth more than $2,000 for an individual or $3,000 for a couple.

      Read Full Article
    7. Now, California Can Assess Taxes No Matter Where You Live...Really

      Now, California Can Assess Taxes No Matter Where You Live...Really

      If you live in California, you probably know how aggressive California’s state tax agency can be. In fact, even if you live somewhere else, you might have heard of the Golden State’s aggressive tax rules. Buy a vacation home in California, and stay a little too long? Come into the state and do some work for your non-California employer? Travel to California trying to sell some products or collect data that you’ll use out of state when you get back home?

      Read Full Article
    8. 4 Common Mistakes During Open Enrollment That Could Hurt Your Financial Wellness

      4 Common Mistakes During Open Enrollment That Could Hurt Your Financial Wellness

      Fall is a time of leaves changing colors, children going back to school, families enjoying Thanksgiving dinners, and… open enrollment. Yes, it’s the opportunity for most employees to select which benefits they will choose for the following year. Here are some of the most common mistakes we see people make: Not fully understanding the value of an HSA-eligible health insurance plan.

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    9. 5 Challenges To Consider With Upcoming Medicare Open Enrollment

      5 Challenges To Consider With Upcoming Medicare Open Enrollment

      Are you ready for Medicare’s Open Enrollment? It’s coming soon, running from October 15 through December 7. If you’re age 65 or older and are eligible for Medicare, you have a golden opportunity to choose wisely regarding your coverage or correct any previous mistakes you might have made regarding your Medicare elections. You also have a chance to upgrade your coverage for 2020 and potentially save lots of money.

      Read Full Article
    10. Young Adults Take “Risky” Actions To Save On Health Care Costs

      Young Adults Take “Risky” Actions To Save On Health Care Costs

      Much of the news about health care costs focuses on the assets required to cover health care costs in retirement. HealthView Services 2018 Retirement Healthcare Costs Data Report estimates that a 65-year old couple in good health will need $363,946 to pay for health-care costs for the remainder of their lives, including Medicare and supplemental insurance premiums and out-of-pocket costs. However, people nearing retirement aren’t the only ones concerned with the cost of health care.

      Read Full Article
    11. Avoiding The Long-Term-Care Catastrophe

      Avoiding The Long-Term-Care Catastrophe

      Bruce Chernoff was right when he told the Washington Post that the long-term-care crisis in the United States will be catastrophic. Our aging population and changing demographics mean that we are becoming a nation with substantially more older people in need of care and substantially fewer younger people to provide it. The Washington Post article , while frightening in its content, is a relief in many ways as it means that at last there is a beginning of a consciousness of what our future holds.

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    12. A Solution To The Student Loan Crisis May Be On The Horizon

      A Solution To The Student Loan Crisis May Be On The Horizon

      I’ve talked about student loan debt before, and I bring it up again because it continues to be one of the greatest financial crises in the country. Many solutions have been discussed—from full loan forgiveness to tuition payment plans to simple tough love—but few steps have been taken to lower the student loan burden that’s crushing the (mostly) millennial generation. However, change may finally be coming. What’s happening now?

      Read Full Article
      Mentions: congress retirement
    13. How Congress Can Address The Mental Health Issue Of Mass Shootings

      How Congress Can Address The Mental Health Issue Of Mass Shootings

      Sandy Hook, Parkland, Orlando, Virginia Beach and now the Gilroy Garlic Festival shooting evoke painful memories of terrible violence and innocent deaths. Our nation reacts with memorials, discussions of access to firearms, followed by increased funding for safety measures such as armed guards, cameras and bullet proof glass at secure entrances. But far more needs to be addressed than just stopping the bullet. Tragedies grab headlines, but hardly tell the full story.

      Read Full Article
    14. How Business Owners Can Lower Their Tax Bills Via Retirement Planning

      How Business Owners Can Lower Their Tax Bills Via Retirement Planning

      Are you a small business owner, a contractor or a freelancer—and in a high tax bracket? Well, why stay there? You can use retirement planning to lower your tax liability. The idea is to plug in a lot of money to retirement funds, allowing you to build your post-work future and also to whittle down your net income, and thus minimize what you owe the Internal Revenue Service. Not a lot of people know about this. More should. Let’s show this by way of an illustration.

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    15. HSAs Provide A Sweet Tax Break, But Some May Increase Health Care Spending

      HSAs Provide A Sweet Tax Break, But Some May Increase Health Care Spending

      The idea behind HSAs was simple and elegant, in its way. Give workers generous tax breaks to put aside money to help pay for their health care. That in turn would make it easier for employers to offer those employees high-deductible health plans. The high-deductible plans put more of the burden on consumers, rather than insurance companies, to pay those first-dollar costs. In theory, the combination of HSAs and high-deductible insurance would encourage patients to reduce their medical spending and eventually lower the nation’s overall health costs.

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    16. How To Maximize The Value Of Your Health Savings Account

      How To Maximize The Value Of Your Health Savings Account

      Healthcare in the U.S. can be insanely expensive no matter how healthy you are, yet having health insurance doesn’t always help with long-term costs. After all, the lowest tier of health insurance plans — which are referred to as “Bronze” plans — only cover 60% of healthcare expenses, according to Healthcare.gov. Plus, health insurance plans in 2019 come with a maximum out-of-pocket limit of $7,900 for individuals and $15,800 for families.

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    17. Social Security Needs More Revenue, Not Cuts

      Social Security Needs More Revenue, Not Cuts

      There is no way to get to anything resembling a secure retirement system without expanding Social Security. We also need to fix the broken employer-based retirement system, but fixing pensions and expanding Social Security are not substitutes. A comprehensive retirement security bill needs both. Let’s start with Social Security. Social Security is a social insurance program. Workers and employers pay premiums to insure against disability and death. What's more, the system is progressive.

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    1-24 of 190 1 2 3 4 5 6 7 8 »
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