Identifying the digital property you own and managing it is more necessary than ever. From smart home devices to online investments and bank accounts, we’ve gone way beyond using the internet to email family and social media to connect with friends.
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What You Should Know About the Medicare Tax
You may have seen the Medicare tax listed on your paycheck stubs or on your income tax return filings and wondered what it is. To learn more about what it is and what it pays for, continue reading.
What Is Medicare Tax?Medicare is a...
Planning for Cognitive Impairment and Preventing Elder Abuse
As we age, it is not uncommon to experience some level of cognitive decline. Cognitive decline can range from mild impairment to more severe conditions such as dementia, including Alzheimer’s disease....
How Do I Know If I Need a Trust?
The world of Trusts can be a confusing topic. You may have heard a friend talk about their Trust at a dinner party and wondered to yourself if you should have a Trust as well. Perhaps your parents had a Trust, and you are wondering if you should be following in their...
Understanding IRMAA and Its Financial Implications
Medicare is a valuable health insurance program for many Americans, especially those aged 65 and older. However, many might not be aware of an additional cost that can arise under certain circumstances: IRMAA (Income-Related Monthly Adjustment Amount). IRMAA is an extra charge added to Medicare Part B and Part D premiums for...
Wait, if I have a Will I still have to go through Probate?
A frequent question we are asked is "why do we still need to go through probate if the person signed a Last Will and Testament?"
First, it's important to distinguish what probate is. Probate is the process by which any asset individually owned by someone when they pass away...
What Is a Health Savings Account? Will Medicare Affect Mine?
A health savings account may help you save money on medical expenses, depending on your insurance type. If you are eligible, you can use your health savings account (HSA) to cover certain medical costs, according to HealthCare.gov.
Deducting Long-Term Care Insurance Premiums in 2023
Are you a taxpayer who has purchased long-term care insurance (LTCI)? Take note of...