Nest Egg Briefs: The most tax-efficient ways to contribute to charities

Federal tax benefits for the charitably inclined have undergone a seismic shift over the past three years. Between the Tax Cuts and Jobs Act of 2017, the SECURE Act of 2019 and the three acts passed this year collectively known as the CARES Act, the federal government has not only changed the rules, but also built in some traps for the unwary.


On the Market: Could a reverse mortgage be right for you?

Reverse mortgages have a bit of an identity crisis. Many years ago, some unscrupulous lenders used them for nefarious purposes. That has all changed. Highly regulated now, reverse mortgages can actually be a wonderful solution in certain financial situations. There are several different types, so be sure to consult someone at your bank who specializes in them. And remember, there are other financial options that might be more appropriate for your situation, for example, a Home Equity Line of Credit.

Nest Egg Briefs: COVID-19 pandemic spending prompts massive government debt

The COVID-19 pandemic has required the U.S. government to spend a massive amount of money. There are two primary concerns. The first is whether or not the cost of the CARES Act and the other federal government rescue/stimulus spending packages could drive the U.S. government into bankruptcy. The second is the impact the mountain of federal debt will have on our children and grandchildren. (Full disclosure: I am not an economist.)

Nest Egg Briefs: Keeping Medicare costs down

If you are a senior on Medicare, you may be subject to higher premiums next year due to an Income-Related Monthly Adjustment Amount (IRMAA). That’s because parts of Medicare insurance are means-tested. In other words, the more you earn, the more you have to pay. And while only approximately 7% of seniors are subject to IRMAA, understanding the structure of Medicare and your taxes can help you to plan for ways to keep those extra costs down.

The business of telehealth: Coronavirus crisis brings clarity

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Courtesy of Greg Hartwell
Telehealth allows patients to receive a variety of health-related services remotely over the internet.

The Affordable Care Act was signed into law a decade ago, ushering in what many hoped would be a transformation of health-care delivery in the U.S. For a variety of reasons, while the law did expand access to health care, it didn’t spawn a great deal of innovation in a sector of our economy that badly needs it. Government regulations, bureaucracy and entrenched business interests continued to prevent ingenuity and creativity from revolutionizing – or evolutionizing – health care for the benefit of consumers.


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