Month: October 2022

Geber86 | E+ | Getty Images As the U.S. economy attempts to find its footing as it emerges from the Covid-19 pandemic, two looming uncertainties have emerged: persistent high inflation and a possible recession. So it’s no surprise that financial advisors who landed on the CNBC FA 100 list for 2022 are hearing about those
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For you, a vaccination is a vaccination; it protects you against something. But, under Medicare, all vaccines are not equal and that means you probably paid more for some than for others. The coverage for a vaccine depends on the part of Medicare under which it falls. Part B, medical insurance, covers most vaccines that
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Social Security is supposed to be inflation-proof. It’s anything but. Today’s the day tens of millions of retirees learn about their annual Social Security “bonus.” I’m referring to the system’s COLA (Cost-of-Living Adjustment), which, as announced on Thursday, will raise recipients’ benefits by 8.7% starting with checks received in January. The COLA is supposed to
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Delmaine Donson | E+ | Getty Images The U.S. Department of Education has said that its student loan forgiveness application will go live in “early October.” Yet it’s nearly halfway through the month, and borrowers still can’t apply. Still, the White House has shared new information on what people can expect from the form. Here’s
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This is a true story, and it may reflect what many older vets face when they start to lose their independence. We’ll call our vet “Uncle Zach”. At AgingParents.com, we worked with the daughter of a 99 year old gentleman, Tony, with dementia and various health conditions. I would sometimes visit him at home to
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In Schweizer v. Comm’r TC Memo 2022-102, the Tax Court held that the denial of a $600,000 charitable deduction for the donation of a work of art was reasonable because the tax return included an incomplete Form 8283 as well as the taxpayer’s reliance, and lack of care and ordinary prudence, on a professionally prepared
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Tetra Images | Tetra images | Getty Images A majority of U.S. households are taking the possibility of an economic recession seriously, new research suggests. Eighty-four percent of respondents in a recent survey said they are concerned about a recession happening before the end of the year, and 76% said they are making changes to
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In this article WMT AMZN TGT Follow your favorite stocksCREATE FREE ACCOUNT Amazon’s Prime Early Access Sale may be over, but the discounts have only just begun. “Black Friday is here,” said Julie Ramhold, a consumer analyst at DealNews.com, noting that sales that traditionally rolled out on the Friday after Thanksgiving Day are starting earlier
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Share to Facebook Share to Twitter Share to Linkedin The Social Security Administration announced today that benefits will jump 8.7% for 2023, the largest increase since 1981, when double digit inflation pushed payments up more than 11%. The cost-of-living adjustment (COLA) affects 70 million Americans, including 48 million retired workers and their spouses and dependents;
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In February 2022 the IRS issued proposed regulations that surprised a lot of tax advisors and indicated a number of heirs incurred penalties for not taking actions they didn’t know about. In early October the IRS said it would waive those penalties for 2021 and 2022. The proposed regulations were issued under the Setting Every
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Few things are more quintessentially, uniquely American than Minor League Baseball. Played out in small and not-so-small cities from Portland, Me. to San Bernardino by teams both affiliated and unaffiliated with Major League Baseball, the summer game on the minor league level proves an affordable, entertaining night out. As a bonus, it’s a coalescing force
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