What Are 55+ Communities?

If you’ve thought about moving during retirement, you’re not alone. In 2020, a record 400,000 American retirees moved into new residences. The reasons people move are as varied as their life circumstances. Some want to be closer to family whereas…

How To Choose a Funeral Home

After a death in the family, it’s natural to feel overwhelmed. However, if you’re the next of kin or the agent of the deceased, you have responsibilities. The good news is that you can — and in some states you…

Know the Basics of Business Valuations

A business valuation can serve any of several purposes, but the goal is always the same: to find out the value of your business in dollars and cents. Armed with this knowledge, you’ll never be caught off guard. How Businesses…

Travel Tips for the Elderly

One reason people look forward to retirement is because they’ll have time to travel. If you’ve only had enough vacation time for a few long weekends a year before, it’s exciting to be able to plan out a real weeklong…

How To Value Items for Estate Planning Purposes

Suppose you want your children to inherit jewelry. How do you value it? Family members may have wildly divergent opinions of the fair market value of collectible assets that may lead to delays in your estate’s settlement and ultimately lead…

Estate Planning for the High-Net-Worth

Biden’s Proposal President Biden’s proposed infrastructure plan does not explicitly raise estate taxes. Instead, it ends the step-up in basis that wealthy taxpayers often use to minimize the tax on inherited wealth. The step-up in basis allows heirs to calculate…

What is the Innocent Spouse Rule?

Sometimes, marriage can stymie the financial life of even the savviest person. You go along living your life, working, eating, sleeping — and suddenly you discover that your household paid far too little in taxes. What’s worse, you signed the…

Employers Get Tax Breaks for Vaccination Leave

Small and midsize employers, and certain governmental employers, can claim refundable tax credits that reimburse them for the cost of providing paid sick and family leave to their employees due to COVID-19, including leave taken by employees to receive or…

Insurers Must Now Cover COVID-19 Tests

No-Cost At-Home Covid Tests According to a statement on the website of the Centers for Medicare & Medicaid Services, most consumers with private health coverage can go online or to a pharmacy or store, buy a test, and have their…

Do You Need an Economic Injury Disaster Loan?

Economic Injury Disaster Loans (EIDL)  Even before the pandemic, the Small Business Administration (SBA) offered Economic Injury Disaster Loans for “losses not covered by insurance or funding from the Federal Emergency Management Agency (FEMA) for both personal and business” expenses…