Health and wellness

Seniors will face a 20% penalty on top of income taxes if they withdraw funds from a health savings account for non-medical expenses before the age of 65.

Although more taxpayers are expected to use the standard deduction, they can still claim the tax deduction for IRA contributions.

Clients can avoid tax liability on their capital gains by donating securities that have appreciated in value, an expert says.

Even middle-class households who have health insurance are at risk, as a researcher points out that they are the ones who filed for the most bankruptcies.

Maryland and New Jersey are among the least-appealing places for employees to spend their post-work years, due in part to affordability, health costs and overall quality of life.

Lawmakers and policymakers should make retirement savings plans universally available if they want to help Americans secure their golden years.

Virginia and Colorado are among the most-appealing locations for retirees to spend their golden years, due in part to top scores in affordability, health-related factors and overall quality of life.

The stock market typically recovers from bear markets in far less time than most doom-and-gloomers think, says an expert.

Clients will be able to contribute more to these accounts in 2019 because of changes in tax law, but choosing a plan is still no easy decision.

When trying to predict and plan for Alzheimer’s, diabetes and other genetic diseases, certain tests seem attractive. Are they worth the time and money?

A widely held view is that a lot of spending is wasted on “heroic” measures at the end of life, but it’s difficult to know which patients are in their final year.

Millennials are already behind in savings compared to where their parents stood at similar ages.

Many of the bill’s provisions are taken from the Retirement Enhancement and Savings Act, which enjoyed some bipartisan support.

With an elderly client suffering from Alzheimer’s, the family turns to the advisor for help in making tough decisions.

Assisted-living expenses increased 7%, according to one study, which is triple the rate of inflation.

Clients should turn to their own timeline before making any changes to their portfolio during a market correction.

While tax reform has been a mixed bag for muni bonds, a few factors working in their favor include constrained supply this year, as well as historically low defaults.

Premiums appear to be stabilizing finally and even dropping in some states.

About that tax deduction, it’s not enough of a reason to keep a mortgage. Remember, it’s only a deduction, not a credit.