As life expectancy increases and 40 becomes the new 30, many of us don't expect to need to think about the future just yet. We may even expect that we won't be retiring until we're in our 70s. So why in our 40s do we need to think about an estate plan?
The main point here is that while keeping all your savings in very low-risk but also low-returning investments might make you feel safe and secure now, you could be opening yourself up to the bigger risk that your nest egg may not be able to support you over the long term.
President Trump carried out a longstanding threat and ended certain subsidies for insurers. To compensate for the lost funding, insurers increased the prices of their plans - heavily in the silver category and less so in others.
Elder Law is about understanding resources and tools available to you. The number of H.S.A. accounts increased by 16 percent year over year as of June 30, to more than 21 million. Assets held in the accounts grew 23 percent, to just under $43 billion. Contributions can be deducted pretax from your paycheck, lowering your taxable income; any interest or investment gains on the money is tax free; and withdrawals from the account are tax free, as long you spend the money on eligible items. And if you change jobs, the H.S.A. moves with you.
Breast cancer is the most common cancer in American women except for skin cancers.
Estate planning is one of the greatest acts of love you can ever accomplish for your family and for yourself. It's not about dying - it's about celebrating life. It's about thoughtfully addressing the challenges you may face later in life, so that your "golden years" can live up to that name. It's about realizing that some of the most important moments in the lives of your loved ones will take place after you're gone, and that you have the unique opportunity, if you choose to take it, to help make those moments the best they can possibly be.