If you have an IRA, you are required to take out a certain amount of money each year once you reach age 73, even if you don’t need the funds. This is known as a required minimum distribution, and it can increase your taxable income, potentially pushing you into a higher tax bracket. How QCDs […]
Seniors
Not Your Grandparent’s Assisted Living Any Longer
Even if you or a loved one is not enthusiastic about a move to assisted living, everyone can take some encouragement from how residential communities have developed over the past decades. Options range from more affordable care for middle-income, value-minded consumers to luxury facilities featuring concierge, cultural, and culinary options. Wellness programs are popular. Physical, […]
Let Your Home Equity Fund Your Retirement
Strapped for cash? You might be able to liquify some of your home equity to cover expenses by using a home equity conversion mortgage, which is essentially a reverse mortgage backed by the Federal Housing Administration. The organization is federally insured by HUD; the agency guarantees the lender will be repaid. These products, which have […]
See Larger Map Get Directions