Retirees - 360 Degrees of Financial Literacy http://www.360financialliteracy.org/Life-Stages/Retirees en-US Spring Cleaning Your Debt http://www.360financialliteracy.org/Topics/Credit-and-Debt/Debt/Spring-Cleaning-Your-Debt http://www.360financialliteracy.org/Topics/Credit-and-Debt/Debt/Spring-Cleaning-Your-Debt In addition to typical spring cleaning tasks, you may want to take this time to focus on your finances. In particular, now may be as good a time as ever to evaluate your debt situation and try to reduce and/or eliminate any debt obligations you may have. The following are some tips to get you started.

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Wed, 23 Apr 2014 13:23:12 EDT
Are you ready to retire? http://www.360financialliteracy.org/Topics/Retirement-Planning/Retirement-Planning-Basics/Are-you-ready-to-retire http://www.360financialliteracy.org/Topics/Retirement-Planning/Retirement-Planning-Basics/Are-you-ready-to-retire Here are some questions to ask yourself when deciding whether or not you are ready to retire.

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Wed, 19 Feb 2014 17:25:15 EST
Filing Your 2013 Federal Income Tax Return http://www.360financialliteracy.org/Topics/Recent-Legislation/Tax/Filing-Your-2013-Federal-Income-Tax-Return http://www.360financialliteracy.org/Topics/Recent-Legislation/Tax/Filing-Your-2013-Federal-Income-Tax-Return For most people, the due date for filing a 2013 federal income tax return is April 15, 2014. Here are a few things to keep in mind this filing season.

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Wed, 19 Feb 2014 15:30:16 EST
The Impact of Health Care Costs on Social Security http://www.360financialliteracy.org/Topics/Recent-Legislation/Health-Care-Reform/The-Impact-of-Health-Care-Costs-on-Social-Security http://www.360financialliteracy.org/Topics/Recent-Legislation/Health-Care-Reform/The-Impact-of-Health-Care-Costs-on-Social-Security For many retirees and their families, Social Security provides a dependable source of income. In fact, for the majority of retirees, Social Security accounts for at least half of their income (Source: Fast Facts & Figures About Social Security, 2013). However, more of that income is being spent on health-related costs each year, leaving less available for other retirement expenses.

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Thu, 16 Jan 2014 14:46:30 EST
Rules Eased for Health FSAs http://www.360financialliteracy.org/Topics/Recent-Legislation/Tax/Rules-Eased-for-Health-FSAs http://www.360financialliteracy.org/Topics/Recent-Legislation/Tax/Rules-Eased-for-Health-FSAs Recent changes announced by the Internal Revenue Service (IRS) modify the "use-it-or-lose-it" rule that applies to health flexible spending arrangements (FSAs). Plan sponsors will now have the option of allowing participants in health FSAs to carry over up to $500 of unused funds in a health FSA to the following plan year.

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Thu, 09 Jan 2014 14:37:22 EST
Buckets of Money: A Retirement Income Strategy http://www.360financialliteracy.org/Topics/Retirement-Planning/Retirement-Planning-Basics/Buckets-of-Money-A-Retirement-Income-Strategy http://www.360financialliteracy.org/Topics/Retirement-Planning/Retirement-Planning-Basics/Buckets-of-Money-A-Retirement-Income-Strategy Some retirees are able to live solely on the earnings that their investment portfolios produce, but most also have to figure out how to draw down their principal over time. Even if you've calculated how much you can withdraw from your savings each year, market volatility can present a special challenge when you know you'll need that nest egg to supply income for many years to come.

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Wed, 13 Nov 2013 17:59:01 EST
Paying for Long-Term Care Insurance with Tax-Free Funds http://www.360financialliteracy.org/Topics/Insurance/Long-term-Care-Insurance/Paying-for-Long-Term-Care-Insurance-with-Tax-Free-Funds http://www.360financialliteracy.org/Topics/Insurance/Long-term-Care-Insurance/Paying-for-Long-Term-Care-Insurance-with-Tax-Free-Funds The high cost of long-term care can quickly drain your savings, absorb most of your income, and affect the quality of life for you and your family. Long-term care insurance (LTCI) allows you to share that cost with an insurance company. If you're concerned about protecting your assets and maintaining your financial independence, (LTCI) may be right for you.

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Wed, 13 Nov 2013 17:55:55 EST
2013 Year-End Tax Planning Considerations http://www.360financialliteracy.org/Topics/Recent-Legislation/Tax/2013-Year-End-Tax-Planning-Considerations http://www.360financialliteracy.org/Topics/Recent-Legislation/Tax/2013-Year-End-Tax-Planning-Considerations As the end of the 2013 tax year approaches, set aside some time to evaluate your situation. Here are some things to keep in mind as you consider potential year-end tax moves.

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Wed, 13 Nov 2013 17:50:11 EST
What You Need to Know about the Health Care Law http://www.360financialliteracy.org/Topics/Recent-Legislation/Health-Care-Reform/What-You-Need-to-Know-about-the-Health-Care-Law http://www.360financialliteracy.org/Topics/Recent-Legislation/Health-Care-Reform/What-You-Need-to-Know-about-the-Health-Care-Law Are you covered? The Affordable Care Act, otherwise referred to as health care reform, requires those who are uninsured to get health insurance. While the start dates of some key programs have been postponed, enrollment in health insurance programs is expected to begin this fall and several other key provisions of the act are becoming effective in the new year. Here are some insights and advice to help you understand what these changes mean.  

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Wed, 16 Oct 2013 13:46:02 EDT
Estate Planning and Income Tax Basis http://www.360financialliteracy.org/Topics/Taxes/Income-Tax/Estate-Planning-and-Income-Tax-Basis http://www.360financialliteracy.org/Topics/Taxes/Income-Tax/Estate-Planning-and-Income-Tax-Basis Income tax basis can be important when deciding whether to make gifts now or transfer property at your death. This is because the income tax basis of the person receiving the property depends on whether the transfer is by gift or at death. This, in turn, affects the amount of taxable gain subject to income tax when the person sells the property.

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Wed, 16 Oct 2013 11:37:40 EDT