Tax Help & Filing for Low- and Middle-Income Taxpayers

The term “annuity” derives from a Latin term meaning “annual” and generally refers to any circumstance where principal and interest are liquidated through a series of regular payments made over a period of time. A “deferred” annuity is an annuity in which both the income, and any taxes due on growth inside the contract, are pushed into the future, until they are actually received by the owner. Here is a broad overview of annuities, and some discussion.

At your death all property that you own is considered to be your estate. Your estate for federal estate tax purposes includes not only the property you own in your own name, but also any joint tenancy property or insurance policies of which you have retained any type of interest.

In addition to the Totten trust, in planning one's estate, trusts can be an important element. Trusts can be first divided into two variations. They are revocable trusts and irrevocable trusts. Irrevocable trusts cannot be changed (with a few exceptions) after they are put in place.

Discussion on senior investments.

One way seniors and other consumers can guard against identity theft is to order free credit reports and review them regularly to watch for any unauthorized activity that may signal identity theft has occurred.

Thoughts on identity theft and fraud.

Debt consolidation for seniors

Reverse mortgages - seniors can tap into the home equity they've built up without moving or taking on extra debt.

You can get Social Security and retirement benefits as early as age 62.

With retirement just around the corner, managing your money requires a different set of skills than it did before.