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While an asset protection trust can cover nursing home care expenses in retirement, growth of these investments can trigger a tax bill.September 17
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Seniors who negotiate for such an arrangement should consider their finances, flexibility and mutual benefits.September 11
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Withdrawals for non-medical expenses would no longer be penalty-free under the proposal.August 2
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“We can’t overestimate the influence of having access to employer-sponsored retirement plans," an expert says.July 29
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For retirees, dipping into their traditional retirement accounts could trigger an income tax bill while withdrawing from Roth accounts might not result in a tax liability.July 25
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An average couple aged 65 who are about to retire this year will need $285,000 to cover healthcare expenses.May 28
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As much as 46% believe Medicare will cover the costs of long-term care.May 23
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Those who fail to meet the cutoff face a penalty equivalent to 50% of their required minimum distribution.March 29
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A higher standard deduction makes itemizing deductions less valuable.March 26
