Most business that desire to help their owners and employees, find their budgets strained by spiraling medical insurance premiums. One solution, the Health Savings Account (HSA), which was created as part of the 2003 Medicare Act, is a relatively affordable—and tax efficient—alternative to traditional managed-care group plans.
The Bipartisan Budget Act of 2015 created several changes to claiming strategies for Social Security benefits. After April 29, 2016, the option, where one spouse delays benefits while the other collects benefits based on the first spouse’s record, will be gone. You have a limited window in which to take advantage of a special grandfathering of the new law.
Most people think estate planning is only for the wealthiest of people. Certainly, the 55% of Americans who died without a will thought so, even though all of their estates ended up in probate court subject to the laws of the state. Sadly, the surviving families were thrust into a situation that resulted in unnecessary distress, expense and, for many of them, devastating financial c
If you come from a typical family, finances were rarely discussed in detail even as you matured into adulthood, which was fine as long as your parents were fully capable of running their own lives. But, as your parents age, and with today’s life expectancies that could span another 20 to 30 years at age 60, there is a strong likelihood that they might lose their cognitive function o