There's no doubt about it — going through a divorce can be an emotionally trying time. Ironing out a divorce settlement, attending various court hearings, and dealing with competing attorneys can all weigh heavily on the parties involved. In addition to the emotional impact a divorce can have, it's … [Read more...]
Adjusting to Life Financially after a Divorce
Five Questions about Long-Term Care
1. What is long-term care? Long-term care refers to the ongoing services and support needed by people who have chronic health conditions or disabilities. There are three levels of long-term care: Skilled care: Generally round-the-clock care that's given by professional health care providers … [Read more...]
Contributing to Roth IRAs 2022
Roth IRAs are popular retirement savings accounts because distributions from them can be tax-free. You can make a contribution to a Roth IRA if your income is below a certain level. Another way to fund a Roth is to convert some or all of your IRA or retirement plan money to a Roth IRA. Contributing … [Read more...]
Different ways people can pay their taxes
Federal Tax The April 18 deadline for individuals to file and pay their federal income tax is just around the corner. While paying taxes is not optional, the IRS offers a variety of ways for people to pay their taxes. Some taxpayers must make quarterly estimated tax payments throughout the year. … [Read more...]
Special Considerations for Second/Vacation Homes
A rustic cabin. A seaside cottage. Buying a second/vacation home can be an alluring prospect. Before you decide to purchase one, though, you should consider a number of issues. These include the costs associated with owning a second/vacation home, the attributes of the home, its rental potential, … [Read more...]