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Families can avoid the penalty when money in a 529 plan isn’t used for college if the beneficiary meets the IRS definition of disability. You have other options to avoid the penalty, too.
See More On: 529 Plans | Health Care & Insurance | Paying for College
Health Savings Accounts are a tax-friendly way for workers to pay medical bills today and well into retirement. These strategies can help boost the funds in your HSA for when you need them the most.
See More On: Health Care & Insurance | Healthy Living on a Budget | Tax Planning
You can limit out-of-pocket medical costs left by the gaps in Medicare by shopping for medigap, prescription drug and Medicare Advantage policies. But timing is key.
See More On: Health Care & Insurance | Healthy Living on a Budget
College students—or their parents— may be eligible for one of two tax credits that help offset the cost of tuition and other higher education expenses.
See More On: Tax Breaks | Paying for College | Tax Planning
Money in one of these state-sponsored accounts can be used tax-free to cover expenses for a disabled person. Here’s what it takes to qualify and the documents you need.
See More On: Family Finances | Health Care & Insurance | Making Your Money Last
Some solid options to make sure your traveling teen isn't penniless.
See More On: Banking | Family Finances
Your teen may qualify for discounts, but first shop around for less-pricey coverage
See More On: Auto Insurance | Buying & Leasing a Car | Making Your Money Last
You can withdraw money tax-free for tuition, required books and fees, and even a computer and related software.
See More On: 529 Plans | Paying for College
Sign up for Medicare Part B no later than eight months after you leave your job or you could be hit with lifetime penalties.
See More On: Medicare | Health Care & Insurance | Social Security
The amount of money that you recharacterize needs to be added back to your traditional IRA balance for year-end 2016 to calculate your 2017 required minimum distribution.
See More On: IRAs | Required Minimum Distributions (RMDs) | Roth IRAs
Income from your child's summer job can help fund a long-term financial plan.
See More On: Tax Planning | Tax Prep & Filing
Your student's room and board could be covered tax-free for an entire 12-month lease, even if he or she only takes classes for nine months of the year.
See More On: 529 Plans | Family Finances | Financial Planning
Most policies pay when you need help with two of six activities of daily living or you are cognitively impaired. And most have a waiting period of 60 or 90 days.
See More On: Long-Term Care Insurance | Health Care & Insurance | Life Insurance
If you have the policy and death certificate when you file a claim, it may take as few as five business days to receive a check.
See More On: Life Insurance
Gather evidence of your earnings and make a call to the Social Security Administration.
See More On: Social Security | Employee Benefits | Family Finances
Know the rules for custodial assistance for your loved one.
See More On: Medicare | Health Care & Insurance
Your IRA contributions don't affect your Simplified Employee Pension or solo 401(k) limits.
See More On: IRAs