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1
Avoid Unexpected Caregiving Costs
2
How to Design Your Ideal Retirement
3
Financial Planning Advice for Single Mothers
4
Designated Roth Accounts ( Roth 401k or Roth 403b )
5
Tax Planning For Fiscal Year 2018

Avoid Unexpected Caregiving Costs

In “The Hidden Costs of Caregiving,” Barron’s discusses some things readers may not be prepared for when taking care of a loved one who is ill or aging or both. Even when you or your loved one have done the financial planning needed or have long-term care insurance to pay for medical care, the money can be quickly depleted by unforeseen expenses:

 “About half of long-term care costs are paid out of pocket—not by Medicare or insurance—adding insult to (literal) injury. Barron’s talked with caregivers to see where those unexpected expenses can pop up, and how to

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How to Design Your Ideal Retirement

By Eve Kaplan, Certified Financial Planner ™

Would you like to design your ideal retirement? Where do you begin? First of all, what does retirement mean to you? If you’re in a relationship, does retirement mean the same to you as it does to your partner? Do you know if your “ideal retirement” is affordable or just a pipe dream?

In past generations, retirement planning didn’t involve very much. You stopped work when you were “old,” and you drew on savings and pensions to live out your non-working years (maybe a decade or more) with family and friends. That’s all …

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Financial Planning Advice for Single Mothers

WealthySingleMommy.com offers the kind of financial advice you may find elsewhere with the addition of offering attitude adjustment advice needed when you’re facing a tough situation. It is easy to panic but better to save money and explore your options:

“But being a single mom does not mean you’re destined for the welfare line, free school lunches for your kids, or living in your parents’ basement.

The first step is to convince yourself that your new life will be one that is full, joyous and financially rich.”

Emma Johnson of WealthySingleMommy.com encourages single mothers to see themselves as financially independent …

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Designated Roth Accounts ( Roth 401k or Roth 403b )

hymen rothDesignated Roth Accounts or Roth 401k are simply 401k plans that allow employees to designate all or part of their elective deferrals as qualified Roth 401k contributions. Qualified Roth 401k contributions are made on an after-tax basis, just like Roth IRA contributions. This means that employee contributions and earnings are entirely free from federal income tax when distributed from the plan, subject to qualifications. Contributions are not deducted from income (as regular 401k or deductible IRA contributions are). This article discusses qualified Roth 401k contributions.

Caution: 401k sponsors are not required to allow Roth contributions to their plans. But if …

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Tax Planning For Fiscal Year 2018

MON, MAY 7th, 2018
 
As we take a deep breath after filing our 2017 taxes and begin to look forward to warmer temperatures and Spring flowers, we should take a few minutes to focus on setting ourselves up for tax success in 2018.

Many of us have enjoyed a bit of extra income as the new tax rates have started to flow through our paychecks. While enjoying the extra cup of coffee, lunch or additional 401k contribution that the extra income is affording us, we need to pause and shift our attention to our tax withholding for 2018. With …

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