What Is Financial Security, and How Do You Get It?

Financial security means different things to different people. To some, it may mean having enough money to cover all your bills, save for retirement and then have some left over. To others, it may mean earning a six- or seven-figure income, maintaining a robust investment portfolio and owning several real estate properties. Regardless of your interpretation of what it means to …

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Steps to Take Before You Prepare Your Taxes

By BARBARA WELTMAN  The Internal Revenue Service (IRS) reports that more than 80 million taxpayers use paid professionals to complete and submit their tax returns.1 If you’re one of these individuals, it is important to organize your receipts, forms and other documents well before tax time. Your preparer may take information directly from you or ask you to complete …

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Many Americans will eventually need long-term care. Here’s how to pay for it

Michelle Fox@MFOXCNBC Morsa Images | DigitalVision | Getty Images Chances are, you aren’t seriously thinking about how to pay for long-term care when you are older. Most people only think about it at two points in their lives: when their parents need it or when they start to get much older and realize they need …

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How are Medicare benefits changing for 2021?

Louise Norris Key takeaways The standard Part B premium is $148.50 for 2021 (the increase was limited by a federal spending bill). The Part B deductible is $203 in 2021 (up from $198 in 2020). Part A premiums, deductible, and coinsurance are also higher for 2021. Medigap Plans C and F are no longer available for purchase by newly-eligible Medicare beneficiaries. …

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