"How can I plan?" asked Mary. "We just sold our home and bought a retirement condo. Our older child just moved across...
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I have heard that the VA has a benefit that can help veterans and their spouses with long-term care costs. We recently had to move my 86-year-old father – who served in the army nearly 60 years ago – into an assisted living facility, and my mom is not far behind. Can the VA help? The Veterans Administration has a little-known, underutilized benefit that can help wartime veterans and their surviving spouses pay for a variety of long-term care costs. This benefit, called "Aid and Attendance," is a special pension that is paid in addition to a basic pension. It provides a maximum of $2,230 a month to married veterans, $1,881 a month to single veterans or $1,209 a month to a...
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On May 15, Senators John Thune (R-SD) and Bob Casey (D-PA) introduced the Charities Helping Americans Regularly Throughout the Year (CHARITY) Act. The bill expands giving options for IRA charitable rollovers and addresses other charitable provisions. The CHARITY Act includes four major provisions. If it is passed by the House and Senate and signed by the President, it would generally permit donors over age 70½ to transfer up to $100,000 per year directly from an IRA to a donor advised fund. Second, the act would simplify the excise tax paid by private foundations on investment income. Volunteers who drive their vehicles on qualified charitable trips can currently deduct $0.14 per...
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• Macy's Earnings Beat Expectations
• Treasurys Rise on Strong Consumer Sentiment
• Mortgage Rates Fall Slightly