Useful tax tips and information from Jerry Coon of Action Tax Service.
Can Social Security be Fixed? Last Thursday and Friday, I attended a tax conference in Traverse City. This spring conference is always held in a great location and is well attended. It’s always good to see fellow tax professionals after a long tax season and interesting to see how they fared through another arduous tax season. Jerry Coon, Enrolled Agent Our federal [...]
Final discussion on long-term care insurance I have a few final items to cover this week concerning long-term care insurance policies. Specifically, there are three areas I want to discuss. This week, I am using a quote Deb and I received from Genworth Life Insurance Company. Jerry Coon, Enrolled Agent First, instead of Deb and I buying individual policies, should we take [...]
One of the reasons I love baseball left us last week. Ernie Harwell passed away last Tuesday from cancer. Ernie and his partner, George Kell, were the voices of baseball when I was growing up in Coopersville in the 1950s and 1960s. Ernie had a special way of bringing the game alive for me and George was among the best third basemen ever. Back then, there was no ESPN, no [...]
More on cost of health, nursing care Last week, I began a discussion on the subject of the costs of health and nursing care and how we are going to pay for that cost during retirement. According to the Department of Health and Human Services, the blunt fact is that taxpayers age 65 and over have a 40% chance of enduring a stay in a nursing home. The trade group, [...]
Make retirement income last There sure is a lot of concern and discussion these days about making retirement income and retirement assets last through all of a retiree’s retirement. A married couple at the age of 65 today can be expected to have one of the two reach the age of 92. With any luck at all, they could both easily reach 85. However, if they retired at the age [...]