70 percent of Americans older than age 65 will need long-term care. Close to half of Americans polled expect Medicare to pay for ongoing care at home by a licensed home health care aide, and 37 percent believe it pays for ongoing care in a nursing home. But it doesn’t.
If you can sell your house you might consider renting out your current residence. If you convert your residence into a rental, you can probably shelter most or all of the rental income with tax deductions, including depreciation write-offs. MarketWatch has more on the ins and outs of renting your house.
Last year, nearly half of all robberies in San Francisco involved a smartphone. The New York Times offers some tips to outsmart those who profit by stealing smartphones.
Spring is the perfect time to perform an annual evaluation and tidying up of your budget, bank accounts, debts, and investments. Time magazine has are ten steps for straightening up your finances.
Annual out of pocket medical expenses jumped 4.6% in 2011. To hold your expenses down you can try these strategies.
Target-date funds typically increase their holdings of bond as the target date (linked to the investor’s expected retirement year) nears. But if interest rates rise causing a drop in bond prices investors risk losing part of their nest eggs.
A major element of retirement planning is calculating the amount of money you’ll need to live the way you want to during retirement. US News & World Report lists five important yet often-overlooked retirement costs that you’ll want to consider.
Do you pay taxes on my Social Security income? What is the maximum full retirement benefit that I can receive? Can I receive Social Security benefits without being subject to an earnings limit? Find the answer to these and other questions here.
What if your parent leaves you a mortgage balance when they die? While the mortgage is not yours, if you don’t make the mortgage payments or sell the house, your parent’s lender can start foreclosure. FoxBusiness presents four options to handle an aging parent’s estate before they pass away.