Category Archives: All Posts

Social Security – Navigating The Effective Date Deadlines For The New File-And-Suspend And Restricted Application Rules

Michael Kitces NOVEMBER 4, 2015         With last week’s “surprise” legislation that revealed Congress is killing the File-and-Suspend and Restricted Application claiming strategies for maximizing Social Security benefits, even those who weren’t previously aware of the strategies … Continue reading

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Year-End Tax Tips for Businesses 2015-2016

ALEXANDRIA, VA. (NOVEMBER 30, 2015) BY MICHAEL COHN (Accounting Today) The National Society of Accountants is offering some year-end tax tips for businesses, courtesy of Wolters Kluwer Tax & Accounting US. Consider several general strategies, such as use of traditional … Continue reading

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How To Leave Your IRA To Those You Love

How To Leave Your IRA To Those You Love Deborah L. Jacobs Forbes Staff Some of the most costly estate planning mistakes I hear about from readers involve retirement accounts. Contrary to popular misconception, they are not normally covered by … Continue reading

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Health Insurance Marketplace Calculator

Health Insurance Marketplace Calculator If you’re anticipating a bonus or increased salary, you may be able to reduce your household income by contributing to an IRA or HSA, among other ideas.  This may qualify you for the premium tax credit, … Continue reading

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November is Long-Term Care Insurance Awareness Month

Mutual of Omaha LTC pamphlet Would Your Income Be Enough? Helping protect your retirement income with a long-term care insurance policy may be a smart solution.

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FRAUD ADVISORY: INSPECTOR GENERAL WARNS PUBLIC ABOUT ID THEFT SCHEME INVOLVING DECEPTIVE POST CARDS

FRAUD ADVISORY: INSPECTOR GENERAL WARNS PUBLIC ABOUT ID THEFT SCHEME INVOLVING DECEPTIVE POST CARDS   FOR IMMEDIATE RELEASE October 21, 2015 Contact: Tracy Lynge Phone: (410) 965-2671 http://oig.ssa.gov   Patrick P. O’Carroll, Jr., Inspector General for the Social Security Administration … Continue reading

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TAX COLLECTORS WANT ‘SELFIES’ TO PROVE YOU ARE WHO YOU SAY YOU ARE

Some state revenue agencies and motor vehicle departments are receiving federal funds to verify the smartphone selfies of taxpayers, say government and corporate officials involved. Individuals residing in North Carolina and Georgia will be allowed late next year to download a facial recognition … Continue reading

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2016 SOCIAL SECURITY CHANGES

Cost-of-Living Adjustment (COLA): Monthly Social Security and Supplemental Security Income (SSI) benefits will not automatically increase in 2016 as there was no increase in the Consumer Price Index (CPI-W) from the third quarter of 2014 to the third quarter of … Continue reading

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IRS App Offers Payment Options

WASHINGTON, D.C. (SEPTEMBER 16, 2015) BY JEFF STIMPSON The IRS2Go app can now be used to make payments, as well as check refund status and receive tax tips. IRS2Go Version 5.2 now provides access to mobile-friendly payment options such as … Continue reading

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FAFSA Changes for 2017–18

 On Sept. 14, 2015, President Obama announced significant changes to the Free Application for Federal Student Aid (FAFSA®) process that will impact millions of students. Starting next year, students will be able to do the following: Submit a FAFSA® Earlier:  … Continue reading

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The Cost of Waiting

The Cost of Waiting to purchase long-term care insurance The best time to buy a long-term care insurance policy is the day before you need it. Unfortunately, no one knows when that day will come. The need for long-term care services … Continue reading

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