5 Reasons Why It’s Good to Be a Senior in 2023

It has been a tumultuous few years. Amid a continuing pandemic, tense midterm elections, and a war in Ukraine, we have grappled with more than our fair share of grim news. However, in 2023, there are some silver linings — in particular for seniors, and here are 5 of...

Deducting Long-Term Care Insurance Premiums in 2023

Are you a taxpayer who has purchased long-term care insurance (LTCI)? Take note of your policy details and your premium amount, as you may be able to deduct the cost – or at least part of it – from your income. If your total eligible medical expenses (including your...

Turning 65? What You Need to Know to Sign up for Medicare

The first of the 78 million baby boomers turned 65 on January 1, 2011, and some 10,000 boomers a day will reportedly reach that milestone between now and 2030. If you are about to turn 65, then it is time to think about Medicare. You become eligible for Medicare at...

Keeping Medicare Solvent Could Mean Higher Taxes

With the 2024 presidential election in the not-too-distant future, coverage of heated debates over the nation’s government budget, including how to secure the future of public benefits programs like Social Security and Medicare, has started to dominate the headlines....