Be Informed About Your Finances

Understanding the key savings and tax benefits of a Health Savings Account

HIPPA, other things to consider now that your senior is an adult.

On February 18, 2021, the Internal Revenue Service announced greater flexibility to employee benefit plans offering health flexible spending arrangements (FSAs) or dependent care assistance programs. These plans now have additional discretion in 2021 and 2022 to adjust their programs to help employees

Nobody likes to think about financial decision-making ability declining with age. All adults should consider organizing and simplifying their finances to make their money easier to manage at an advanced age and prepare for the possibility that someone else may need to step in to help.

On June 19, 2020, the Internal Revenue Service announced new guidelines to help those affected by COVID-19 gain more access to retirement plan distributions and loans. The IRS makes it clear that employers can decide whether or not to implement these new rules.

The decision on which nursing home or long-term-care facility is difficult enough. It requires research, multiple site-visits, enormous patience and the willingness to ask a lot of probing questions. Let’s explore how to broach the subject before that decision is even reached.