For aging parents who had a measure of financial success, real estate investments are not unusual. Their portfolios can include single-family rental homes, apartment buildings or commercial entities. When they were younger, many of these seniors took pride in managing these investments themselves. But time can take its toll. We are seeing age-related problems eroding
Photocredit: Getty Last year was a busy year for divorce attorneys. Changes in the tax laws precipitated a flurry of year-end activity with people trying to finalize their divorces by December 31 before the tax law changes took effect on January 1, 2019. Under the new tax laws, alimony is no longer deductible by the
Did you know the average cost of a family summer vacation is upwards of $1,600? What’s more, families said they expected to spend almost $600 on Thanksgiving travel alone in 2014. Traveling as a family can be expensive, but you don’t need to break the bank just to take some (much-needed) time away with your kids. From taking
Bringing children into the world is an extremely rewarding prospect, but it’s also an expensive one. As such, you’d think parents would struggle to retain money after introducing kids into the mix. But actually, 34% of parents say they started investing more money after having children, according to data from Merrill Lynch and Age Wave.
If you’re married or divorced and planning for retirement, you should know that you may qualify for Social Security spousal benefits that can significantly increase your retirement income. However, there are some rules surrounding who can collect spousal benefits and how much money you can receive in spousal benefits. Read on to learn more about
Medicare costs change each year, so if you’re 65 or older, it’s important to understand and review your benefits for the upcoming year. Some new rules affect the cost of prescription drugs covered under Part D (Medicare’s prescription drug benefit) and change the times when you can revise your Medicare health and drug coverage. Medicare