(from “Hope to Stay in Your Home? Try Making it More Age Friendly”) There are plenty of improvements families can make to a beloved home to make it safe, accessible and enjoyable for later decades. Common improvements include adding grab bars in bathrooms and replacing a bathtub with a walk in shower that has a… Continue Reading
Author Archives: John
Chilifest 2015 at Bothell Life Celebrations
We hope to see you this evening at Chilifest 2015 at Life Celebrations starting at 5:30 pm. 15 chili chefs are working hard to provide the best chili and would love your vote! Votes cost only $1 or a non-perishable food item. The event is free and all proceeds are donated to Hopelink. Come join… Continue Reading
Traveling During Retirement
Traveling can be expensive. However, the costs can be kept low with a few simple strategies. First, prioritize where you would like to travel. You should also create a budget for your travels. Make sure that you have an approximate cost for your entire trip and that you have a little money as back up… Continue Reading
Living Abroad – Paying Taxes on Foreign Accounts
Over 8 million U.S. citizens and green-card holders live abroad, which means millions of Americans have foreign accounts. However, many Americans fail to comply with IRS reporting requirements. The regulations for filing and disclosing international accounts are complex and yield severe penalties for failure to report and pay tax. In 2009, the US began strictly… Continue Reading
Of IRA’s and Taxes
(from “Death and Taxes, The Sequel”) Most people do not need to worry about federal estate taxes. However, retirees should be concerned with taxes imposed on their retirement accounts. Stretch IRAs, which allow beneficiaries to gradually draw funds out of retirement accounts, may become a thing of the past. Instead, beneficiaries may eventually be required… Continue Reading