In the coming years, many Americans will face the challenge. 70% of people currently over age 65 will require some long term care someday. That is the estimate of the U.S. Administration on Aging, a division of the U.S. Department of Health & Human Services.1 Will Medicare or private health insurance pay for it? The [...]

Rounding up the rankings of places to be (and not to be) financially. Do you live in one of the worst tax states for retirees? Are you fortunate enough to live in one of the best states to do business? Here is a roundup of the miscellaneous, fascinating rankings offered by leading magazines and websites. [...]

Some of these tax breaks may provide big savings. The Internal Revenue Code is around 700 pages thick – not as long as War and Peace or Remembrance of Things Past, but much drier reading. However, some very nice tax breaks may be found within its pages and amendments. Not all are well-known. Reducing America’s [...]

What’s in it for businesses … and participants in 401(k), 403(b) and 457(b) plans. On September 27, President Obama signed H.R. 5297 – the long-debated Small Business Jobs Act of 2010 – into law.1 In the wake of its passage, there are some interesting questions to consider. Will the new law’s tax breaks and credit [...]

The President recommends what amounts to a second stimulus package. Many Americans are frustrated with the pace of the economic recovery; many Democrats are worried that their party will lose its majority in the House and Senate. As elections loom, President Obama has offered a new platform of tax initiatives for Congress to consider and [...]