Monthly Archives November 2018

New Inflation Measure May Erode Tax Cut’s Benefits Over Time

Advisors Have an Opportunity to Help Clients Navigate Regulatory and Tax Reforms  A change in what measure the Internal Revenue Service (IRS) uses to apply adjustments to deductions and income tax brackets is expected to lead to higher tax payments over time – just as Americans may have been settling in to the benefits of last December’s Tax Cuts and Jobs Act. The December legislation resulted in lower individual income tax rates, doubled standard deductions and eliminated personal exemptions. But according to tables released November 15 by the IRS, the amount taxpayers will be able to deduct will move higher
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Categories: Blog Posts.

5 Things to Know About Long-Term Care (LTC)

November is long-term care awareness month. Here are five things you should know about LTC.   Statistics vary on how many people will need LTC. With 10,000 people turning 65 every single day in America until around year 20301, there are varying statistics regarding the need for long-term care floating around out there—some as high as 75%.2 In late August, Morningstar put together their 2018 updated statistics, placing the percentage of people 65 or older who will need long-term care at 52%, the majority female.3   There are different types of facilities providing different levels of care.4 If you hear
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Categories: Blog Posts.