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If You Use IRA Funds for College Expenses, Be Sure You Can Document It for the Tax Court

If You Use IRA Funds for College Expenses, Be Sure You Can Document It for the Tax Court

Distributions taken before an IRA owner reaches age 59½ are subject to a 10% early distribution penalty, unless an exception applies. For those who claim exceptions, it’s vital to maintain…

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Just for Laughs: Airlines Making Billions on Luggage Fees

Just for Laughs: Airlines Making Billions on Luggage Fees

This is a laugh-or-you’ll-have-to-cry situation. Plus which airlines are most likely to lose your luggage, and a little more humor from the not-as-friendly-as-they-used-to-be skies.

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Inherited IRA Beneficiaries Separately Responsible for Taxes on Separate Shares

Inherited IRA Beneficiaries Separately Responsible for Taxes on Separate Shares

A new PLR confirms: When multiple beneficiaries inherit an IRA, each beneficiary is independently responsible for any income taxes and/or penalties assessed on their share of the inheritance. Proper accounting…

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Divorced-Spouse Social Security Benefits

Divorced-Spouse Social Security Benefits

8 Rules With Examples When Social Security was first instituted in 1935, most women did not work. So in 1939, as part of a sweeping series of amendments, the system…

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The Most Important Question in Retirement Planning

The Most Important Question in Retirement Planning

It’s a touchy subject, but a life expectancy analysis is the best way to ensure you will have enough money to live your later years in comfort and ease. What…

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Where Should My Kids Apply to College?

Where Should My Kids Apply to College?

Decision Point Planning: If you believe the hype, families these days have their kids applying to 10 or more schools, and acceptance rates are at record lows. What’s going on?…

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A 5-Step Digital Estate Plan

A 5-Step Digital Estate Plan

Here are five steps to help you create a digital estate plan: Step 1: Make inventory lists of your digital assets and how to access them. One should have your…

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What Are Your Medicare Options if you Retire BEFORE age 65 vs AFTER age 65

What Are Your Medicare Options if you Retire BEFORE age 65 vs AFTER age 65

While working, people generally have employer-sponsored insurance. Some 58% of people in the U.S. today get their health insurance through an employer, either their own, a spouse’s, or a parent’s,…

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6000 4000 Wealth Effects