Topics
Topic:
Family Planning
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What You Need to Know About Medicare: Medicare Part A
Medicare Part A is the “hospital insurance” portion of Medicare. For most people who have paid Medicare taxes throughout their working life, there is no premium for Medicare Part A coverage. If you do not qualify for premium-free Medicare Part A, it can be purchased for $471 per month (as of 2021). If you do…
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What You Need to Know About Medicare: General Medicare Overview
Unforeseen healthcare costs can be most disruptive to an individual’s financial and retirement plans. But with appropriate forethought, you can reduce the risk of the financial devastation that a large healthcare bill can cause. This article discusses the steps you should take to compare Medicare plans and some of the basic plan details with which…
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529 ABLE Plans: Pros & Cons
529 ABLE plans are accounts that can be used to provide for a disabled beneficiary and can be a low-cost alternative to a special needs trust. A 529 ABLE plan is similar to an education 529 plan in that earnings on the contributions are tax-deferred and tax-free when withdrawn to pay for qualified expenses for…
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Avoiding tax penalties on 529 Plan funds – not all expenses are qualified
If you have accumulated a sizeable amount of funds in a 529 college savings account, how can you get these funds out without having to pay tax penalties? If you inadvertently use funds for the wrong expenses, you will end up being taxed on the earnings, as well as levied a 10% penalty on that…
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What are digital assets and do I need to include them in my estate plan?
How many password-protected accounts do you have? The current crisis we are all going through has prompted many of our clients to review their estate plans. As part of their review, the topic of digital assets has commonly surfaced. Many fail to take this part of their life into account when putting a plan together.…
