Inheriting substantial assets from a parent is becoming quite common, especially if you are a part of the Baby Boomer generation. This is largely due to the tremendous savings habits of the generations that…
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How Capital Gains Tax Works
In addition to state and federal taxes on income, there may also be taxes on the increase in value when individually owned property, aka a capital asset is sold. This is commonly referred to…
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How to Split an IRA in a Divorce
If you own an IRA and are getting a divorce, there is a good chance it will need to be split in same fashion pursuant to your divorce settlement. This is becoming more common…
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Is Medicare Advantage Good or Bad?
Medicare Advantage (MA) plans are health insurance plans offered by private insurance companies that are approved by Medicare. Some can be good, or bad, but that largely depends on your potential needs throughout…
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Signing Up for Medicare Part A and Part B
Picture it, you’re turning 65 and learned that you need to sign up for Medicare Part A & Part B, and you’re in a mild panic because you didn’t plan ahead. The only thing…
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Social Security and Divorce
Social Security Benefits and Divorce If you’re looking for a guide to answer your questions about Social Security and divorce For those of you who part ways in your 50’s and 60’s, Social Security is…
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