By Jess Stonefield, Next Avenue Contributor  One of the most common complaints about senior housing is this: it’s too $%&! expensive. Depending on the community, and the types of amenities and services offered, residents of assisted living and memory care facilities, for example, can pay $6,000 per month or more to live there. This can, of course,
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It’s that magical time of year, when the Federal Salary Council announces that federal government employees are underpaid by – wait for it! – 31% relative to both private sector workers and, less plausibly still, employees of state and local governments. The Salary Council’s official figures aren’t plausible, and you get the feeling that at
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Credit: Getty Royalty FreeGetty The 401(k) is a blessing for many people, as it allows them to build wealth over time using dollar-cost averaging. Still, sometimes it makes more sense to channel some of that money from the employer-based account into your own individual retirement account. The ever-astute Rick Kahler, the founder of Kahler Financial Group,
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The IRS will raise most 2019 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. On Jan. 1, the rates for the use of a car (also vans, pickups or panel trucks) will be: 58 cents/mile driven for business use, up 3.5 cents
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Wall Street angst over a possible recession may be increasing, but one bull refuses to waver. Federated Investors’ Steve Chiavarone believes there’s nothing on the horizon that suggests the 2018 market corrections will become a massive downturn next year. Rather, he sees stocks hitting fresh record highs — citing labor market trends, inflation levels, the
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Most people are feeling pretty good about their finances these days. There is, however, room for improvement. About one-third of all Americans intend to make a financial resolution for the year ahead, according to a new report by Fidelity Investments. “There’s a connection between overall financial wellness and happiness,” said Ken Hevert, senior vice president
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You’ve probably been asked by your clients before: “Can I deduct my health insurance?” or, “How can I reimburse my employees for health insurance premiums without triggering tax consequences?” For small-business owners and sole proprietors, the most powerful and relevant options are Health Reimbursement Arrangements. There are two HRAs in particular that will be of
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Financial technology startup Robinhood is re-launching a new savings account plan that came under withering scrutiny from regulators, and drew accusations about potentially misleading investors. In a blog post released Friday, Robinhood’s founders acknowledged that its new plan, which aimed to offer no-fee checking and savings accounts with no minimums, ATM fees, penalty charges or
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