Senior Finances

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3 Wonderful Tax Benefits of a Health Savings Account

Caring for your elderly loved one can be really costly. The good news is, your loved one can cut the costs of senior care in the future by investing in 401(k) plans, long-term care insurance, individual retirement accounts, and more. But did you know that you can save money by applying for a health and savings account? It has not one, but three separate tax benefits your loved one can enjoy. Find out more about it here.

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6 Hassle Saving Tips to Set Up a Power of Attorney

As we grow old and our health begins to decline, there may come a time when we won’t be able to effectively manage our personal and financial affairs. It pays to prepare for the worst and expect for the best. Getting a Power of Attorney will give you and your elderly loved one peace of mind knowing that their personal and financial affairs will be taken care of.