Increase in nursing home closures across U.S.

Choosing nursing home care can be a big, emotional decision. Long-term care is a sizable investment, and many people struggle with entrusting their loved one’s care to someone else. Now some families are dealing with an additional hurdle, as nursing home closures are forcing some seniors to relocate, widening the distance families must travel to … Read more

Keep your tax credit for charitable gifts

Following the Tax Cuts and Jobs Act (TCJA), many taxpayers are concerned about losing tax breaks for charitable contributions. Under the law, fewer households have a tax incentive to make charitable gifts. With planning, however, individuals and businesses can still benefit from donations. The law increased the standard deduction to $12,000 for individual filers and … Read more

Your Health Savings Account can be a stealth IRA

Generally, people don’t think about a Health Savings Account (HSA) as a savings account. The HSA was intended to be a tax-advantaged account to pay for medical expenses, but in certain ways it’s better than an IRA. An HSA is a tax-preferred investment account with triple tax advantages. Your money isn’t taxed when it’s contributed, … Read more

Credit unfreezes now free

As of Sept. 21, a new law requires that the three major credit reporting bureaus allow you to place or lift a security freeze on your credit files without charge. When your files are frozen, lenders can’t check your credit. That means an identity thief can’t take out new credit or borrow in your name. … Read more

Grandparents’ options for college costs

With the cost of college tuition rising, some grandparents are pitching in. Grandparents who want to help out have several options, but many come with limitations or possible pitfalls: With the cost of college tuition rising, some grandparents are pitching in. Grandparents who want to help out have several options, but many come with limitations … Read more