Tax Breaks for Long-Term Care

19 November
Long-term care insurance (LTCI) policies provide not only the financial means to help pay for care in the future, but tax breaks today to offset the expense of LTCI premiums.*  For example: An LTCI policyholder can deduct policy premiums if he or she (1) itemizes deductions and (2) can claim unreimbursed medical expenses that total more than 10 percent of his or her adjusted gross income (for taxpayers age 65 and older the threshold is 7.5 percent of AGI through 2016)....

The Heat of Negotiations

31 July
As we approach the dog days of summer, the word’s elected officials are pouring on the heat in political debates ranging from Euro debt to global trade agreements. Greene and its creditors have been arguing over how much debt Greece must repay each year.  The discord has led others in the European Union — even Great Britain — to question if the single currency experiment is worth the time and effort.  Years after the global recession, unemployment remains high, the...

Financial Independence in Retirement

11 June
How Many People are Financially Independent During Retirement? Most people want to be financially independent during their retirement years.  Government statistics, however, tell a different story. Which group will you be in? The secret to financial independence at retirement is to commit to plan today, while you’re working and earning an income, a portion of which can be saved for your future financial security!...

Funny About Money

15 April
Money is both basic and complicated. It enables us to get the things we want, yet people are often reluctant to talk about how much they make, how much they have or how much they pay for things – even to their own family. In fact, according to a recent survey of affluent investors: 62% said they do not plan to tell their children about their net worth – ever The lower their net worth, the less likely they are...

HIPAA Has a Loophole

5 February
HIPAA is the federal Health Insurance Portability and Accountability Act of 1996. One of its primary provisions is to protect the confidentiality and security of health care information of patients. This has presented problems for many parents with children 18 years or older — particularly those away at college. Because of HIPAA, if you receive a message from the roommate of your student three states away informing you that your son has been rushed to the hospital, you can’t just...