As retirement approaches, 60-plus-year-old women often feel financially insecure. Planning for retirement is demanding enough, but women face additional challenges. A longer life,...
Posted by Dennis Jao on 04/30/2022
The Centers for Disease Control and Prevention reports that life expectancy at age 65 for the US population in 2019 was 19.6 years. It fell to 18.8 in 2020 when the pandemic began,...
Posted by James Financial Services Inc on 04/26/2022
Persons aged 65 and over and those who took early retirement due to disability are eligible for a federal tax credit which varies from $3,750 to $7,500. The senior citizen or disability...
Posted by Dennis Jao on 03/31/2022
Who is a tax dependent?A tax dependent is a relative or child whose characteristics and relationship with you allow you to claim certain credits and tax deductions, such as head of...
Posted by CORE PERFORMANCE on 03/10/2022
When preparing for your retirement, one of the most important decisions you have to make is the age at which you want to commence claiming Social Security benefits.The first time you...
Posted by CORE PERFORMANCE on 02/22/2022
While studies show that divorce rates across the United States have begun to decline, the rate of "gray divorces" (couples 50 and older and long-term marriages) and the demographics...
Posted by James Financial Services Inc on 02/15/2022
After years of perfect retirement planning, diligent investing, creating detailed budgets, and wisely investing resources, many investors continue to overlook an important detail:...
Posted by Rosovich & Associates, Inc. on 02/14/2022
You know you can declare your children on the tax return as dependents. But what if you also support your parents? Can you claim them as dependents on your tax return? If you...
Posted by Abundant Wealth Planning LLC on 01/31/2022
The main traditional sources of retirement income in the United States are often referred to as a three-legged or three-pillar chair:Social Security benefitsEmployer-provided pensions...
Posted by Dennis Jao on 01/27/2022
