Friday September 20, 2024
News
Planning for Senior Care
Planning for retirement and senior care is very important. The activities of daily living for a senior person include eating, dressing, bathing and walking or moving. At some point, every senior is likely to need assistance in one of these areas.
An important consideration will be the cost of providing that care. By retirement, it is helpful for you to own your home, be debt free and have retirement income and savings. Retirement income will frequently include Social Security, your IRA or 401(k), a pension plan and investment...MORE
Enhanced IRS Taxpayer Support
On September 6, 2024, Treasury Secretary Janet Yellen spoke to the Internal Revenue Service (IRS) staff in Austin, Texas. Yellen praised the IRS staff for the improvements in taxpayer services. She started by noting, "Filing taxes, claiming credits and deductions, and getting refunds should be easy. But for too long, this too has not worked. It has been unpredictable and frustrating.”
The IRS has documented improvements in customer service. During filing season 2024, the IRS reached an 88% level of service. This was substantially better than the 15% level of service of the prior year. The IRS notes that the 28-minute average phone wait time in 2022 was reduced to an average of three minutes the next...MORE
Health Insurance Options for Early Retirees
I plan on retiring in a few months and need health insurance until I can enroll in Medicare. What are my options?
There are several places early retirees can find health insurance coverage before...MORE
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