Need to knows when your child turns 18
Without these forms completed, you could be left in the dark or without the ability to make medical decisions for your child.
Don’t Pay Taxes Twice
They can still make an IRA contribution, but they can’t deduct it. Since they already paid tax on the $6,000 (Maximum contribution limit if under age 50) they each put in their respective IRA’s, when they take the money out years later, they would only pay tax on anything above the $6,000 they each put in.
Making summer count
After being cooped up for winter and COVID, getting outside is one of the most enjoyable things about summertime. Being outside usually means you are more active but it often means that you are spending more time with nature.
Why did my Medicare premiums go up?
As a primer, when one is turning 65, they should apply for Medicare. This is true whether they are collecting Social Security yet or not. One can opt for Original Medicare which consists of Part A (Hospitals) and Part B (Doctors) and Part D (Prescriptions). Some folks choose to go with a Medicare Advantage plan that combines these parts and could have lower monthly premiums.
Protecting your home while on vacation
Ahh, summertime: The time of vacations, getting away, seeing family or friends, and relaxation. But not being home can sometimes be a problem, too. Whether it is an opportunity for thieves or a burst water heater, being away from home means you’re not there to keep an eye on things. Here are some tips to protect your home or apartment while you’re away.
FAFSA changes for families with multiple children in college
The EFC is being effectively replaced with the new Student Aid Index, and a long-standing discount to families with two children in college at the same time is being eliminated with this revision.