If you’re 50 or older and in a high-income bracket, a new rule means that a familiar tax deduction for extra catch‐up contributions to your 401(k) may vanish and you’ll be required to make those extra contributions to an after-tax Roth account.
Social Security doesn’t just pay retirement benefits to retired workers; in some circumstances, it also provides benefits to a worker’s spouse or ex-spouse and to a deceased worker’s surviving spouse.
Research and reporting have shown mixed outcomes, but many studies suggest troubling patterns when private equity enters the nursing home sector.
Trust funding is the process of transferring the ownership of your accounts and property to your trust during your lifetime.
No matter how well couples plan their estates, no one plans for divorce. Here are some strategies to make sure your wishes are protected during and after the process of divorce.
This past August, Bruce Willis’s wife, Emma Heming Willis, revealed that Bruce had moved into a nearby one-story home staffed with full-time caregivers.
Nearly half a million Americans over the age of 80 are still working. For some, the choice to keep working is about staying active and engaged. For others, it’s necessary.
Updating your estate plan regularly helps ensure that your assets are distributed as you intend, your beneficiaries are properly provided for, and your chosen decision-makers are still able and willing to serve.
A durable power of attorney is a legal document that allows a trusted individual to make financial or health care decisions on your behalf if you become unable to handle your own affairs.
A recent survey of American adults aged 50 to 94 finds that many seniors are unprepared for the financial and logistical aspects of long-term care, with widespread misconceptions about coverage options.