Scams to Watch Out For While scams are especially prevalent during tax season, they can take place any time during the year. A client recently had a call from someone at Social Security, or so they told her. They coaxed this very intelligent woman into revealing quite a bit about her financial life, using profoundly professional-sounding authority and a sense…
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Talking to Your Kids About Money
Do you feel comfortable talking to your children about money? It can be a tricky topic, and of course it’s only one of the many tricky topics and conversations with teens. But by being open with your kids about money, you can share your values as well as teach them basic financial management skills. According to a report by the…
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Why Name a “Trusted Contact”
Do you need a Trusted Contact? Not everyone needs one, as cozy and protective as it sounds. We suggest that you take this step with intention and careful thought, not just because the custodian sends you a form to name someone. In an effort to prevent senior financial fraud, FINRA (the Financial Industry Regulatory Authority) created a rule to allow…
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Hidden Gem: HSAs
Hidden Gem: HSA in Retirement The health savings account or “HSA” is a little-understood vehicle for tax-deferred savings for medical expenses. This tax-preferred account can prove useful not only during your working years but also in retirement. Many people think it is just to defer current-year taxes for medical out-of-pocket costs, but it can be used much more strategically, even…
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Medicare Costs in 2019
What Will You Pay for Medicare in 2019? Medicare premiums, deductibles, and coinsurance amounts change annually. Here’s a look at some of the costs for 2019 for those enrolled in Original Medicare (Part A and Part B). Medicare Part B premiums Most with Medicare who receive Social Security benefits will pay the standard monthly Part B premium of $135.50 in…
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