Veterans’ benefits and veteran compensation are two types of assistance the US government provides to those who serve in the military. Veterans’ benefits refer to programs and services to veterans and their families by the Department of Veterans Affairs (VA), such as health care, education, and home loan assistance. Veteran compensation, on the other hand, […]
Whether your child is graduating high school or college, it’s important to help them plan for their financial future. You want to set a strong foundation for long-term financial stability by broadening their scope of financial literacy. Sharing the following tips can help prepare them. Budgeting Expectations and Boundaries Nearly one-third of young adults don’t
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Creating a living will ensures your future health care decisions and plans are respected. A living will, also known as an advance directive, is a legal document outlining medical treatment preferences and end-of-life care if you can’t communicate or make decisions for yourself. Everyone should have an advance directive, as end-of-life situations can happen at
These two forms of taxation relate to transferring wealth from generation to generation but are entirely different. The federal government levies a tax on all estates when the value meets a certain financial threshold. Twelve states and the District of Columbia levy additional estate taxes with separate thresholds. These residents must pay both federal and
Every May, the Administration for Community Living leads the nation’s observance of Older Americans Month (OAM), a time to recognize older Americans’ contributions, highlight aging trends, and reaffirm commitments to serving the older adults in our communities. The 2024 theme is Powered by Connection, which recognizes the profound impact that meaningful relationships and social connections