taxes

char-i-ta-ble (adjective)

1.  generous to the needy

2.  of or for charity

3.  kind and forgiving

Yeah…It’s tax season…

Ok, only CPAs say that, but we wanted to touch base with you on a few things to remember when preparing to complete your 2016 tax returns.

For most of us the conversation isn’t whether or not we’ll need long term care, but rather when. According to the U. S. Department of Health and Human Services as many as 70% of those turning 65 years of age are likely to require long-term care, meaning that it probably makes sense to start planning for this as an eventuality rather than a possibility.

As we age, the odds of incurring an injury or major illness that will prevent us from performing simple daily functions increase substantially. Today, one in three people over the age of 65 will require assisted care of some sort. Past age 75 the odds increase to where one in two will need nursing care.