Latest post
There are only a few instances where Medicare will cover services obtained in a foreign country: 1) a medical emergency occurs and the foreign hospital is closer than the nearest U.S. hospital, 2) you are traveling through Canada between Alaska and another state when the medical emergency occurs, or 3) you live in the ...
Continue reading ➞Property taxes are a major source of income for city, county and state governments, and other entities such as school districts. Calculating a property owner's tax due starts with determining the market value of that particular piece of property. This is determined in one of three ways: 1) the projected sales price, 2) the replacement ...
Continue reading ➞It is estimated that almost 90% of taxpayers will claim the expanded standard deduction when paying their 2018 taxes. That means that while you might be very generous in your charitable giving during the year, you won't get any specific tax deduction for your generosity. However, if you are over the age of 70-1/2, ...
Continue reading ➞The following changes take effect on January 1, 2019, as announced by the Social Security Administration: Beneficiaries will see a 2.8% increase in payments. Maximum taxable earnings will increase to $132,900. An increase in the full retirement age for those who turn 62 in 2019 to 66 and six months. An increase in ...
Continue reading ➞How do your savings compare? This article combines a survey by Transamerica on savings by age group with investment management firm Fidelity's recommendations for what that age group should have at that point. Age GroupAvg SavingsGoal 20-30$16,0001x of income 30-40$45,0003x income 40-50$63,0006x income 50-60$117,0008x income 60-70$172, ...
Continue reading ➞