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College Graduates Do Better When Working Past 65

Americans are delaying retirement past age 65, and those with a college degree are better able to find work than people who did not graduate from college. It’s harder for them to stay in the workplace, which is not good…

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Protect Yourself and Your Family With an Estate Plan

Everyone over the age of 18 should have certain documents that protect both life and property. These are the basics for your estate plan, says U.S. News & World Report in the article, “4 Documents You Need in Retirement.” They…

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Don’t Go Overboard on Retirement Spending

People who enjoy shopping as a recreational activity may find that it does serious harm to their retirement funds, now that their income stream has been shifted to retirement mode. Here’s a suggestion: try devoting that time to other activities,…

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What You Need to Know About Inheritances and Taxes

Depending on what kind of asset you inherit, you may have no taxes, a whopping tax bill, or something in-between. If you inherit a retirement account like an IRA or a 401(k), you’ll want to be especially careful, says U.S.…

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How is a 529 Plan Treated, If It’s Inherited?

Let’s start by defining a 529 plan. A 529 College Savings Plan is a special type of investment account created pursuant to Section 529 of the Internal Revenue Code and state law. At first, 529 plans were a popular way…

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An Investment and a Lifestyle: Owning a Beach House

Buying a house on the beach, that can be rented out during the season to cover costs or even turn a profit, is a popular move for those with discretionary income and a flair for real estate. Investopedia’s recent article,…

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What is a Special Needs Trust and Do I Need One?

The special needs trust, sometimes referred to as a supplemental needs trust, is a legal structure that manages the assets and may receive contributions from a variety of sources during the lifetime of the beneficiary, according to WTOP’s recent article,…

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Qualifying for Medicaid

Medicaid was designed to allow people who are disabled or 65 and over with little or no assets, to obtain long-term care. For many middle-income families, Medicaid is a frightening concept. If the family does not have long-term care insurance…

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Helping Elderly Parents Manage Financial Matters

While the age it begins is different for everyone, at some point during the senior years we start to lose some of our cognitive capacity. The problem is, that’s when our portfolios likely reach their peak: just when we’re not…

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