Smart Spending

April 22nd, 2021

Tax Tips for Family Caregivers and Older Adults

Tax Tips for Family Caregivers and Older Adults. You can read more useful articles and advice on our blog.

March 10th, 2021

Are Medical Alert Devices Tax Deductible?

If you’re trying to figure out if you can claim a medical alert system on your taxes, the answer is: Probably. The only way to get a definitive answer is to consult with a tax professional like your accountant, tax attorney or financial advisor. That’s because IRS guidelines don’t expressly mention medical alert systems like Read more >>

March 10th, 2021

Tax Preparation Tips for Seniors & Family Caregivers

Tax Preparation Tips for Seniors & Family Caregivers. You can read more useful articles and advice on our blog.

March 10th, 2021

What Medical Equipment is Tax Deductible?

Wondering if it’s worth claiming medical expenses for equipment on your taxes? The answer is yes! Researching deductions for medical equipment used by yourself, your spouse or another person in your care is worth the effort because you may be able to reduce your tax bill. The IRS allows taxpayers who itemize to potentially deduct Read more >>

March 5th, 2021

Tax Breaks for Family Caregivers: Deductions and Credits

Tax Breaks for Family Caregivers: Deductions and Credits. You can read more useful articles and advice on our blog.

June 1st, 2018

Financial Frauds: How to Reduce Seniors’ Rip-Off Risk

Even the most conservative estimates place losses from elder financial exploitation at $36 billion each year. And that’s just what’s reported to financial companies and the police. “Elder financial abuse is happening in America at an alarming rate – if it was reported as often as it happens,” asserts Syracuse-based CPA and financial planner Ted Read more >>

July 1st, 2017

Tips on Caring for Senior Parents Finances

One of the most challenging aspects of caring for your aging parents is taking control of their finances or assisting them with financial choices. The decision can be a difficult one and following through may be even more complicated, especially if your parents don’t agree. Understanding the Issues of Caring For Seniors Sometimes it may Read more >>

July 1st, 2017

Living on a Fixed Income in Retirement

Once someone retires, they may have limited financial resources. Even with a nice retirement fund built up over the years, care must be taken to manage to ensure an adequate income. Anyone living on a tight budget can find it difficult to afford unexpected expenses. However, it’s possible to live well on a fixed income. Read more >>

January 12th, 2017

5 Tips for Managing Healthcare for Aging Parents

5 Tips for Managing Healthcare for Aging Parents. You can read more useful articles and advice on our blog.

January 9th, 2017

5 Ways to Reduce the Financial and Emotional Cost of Caring for Aging Parents

“If we care about someone, it’s going to have a financial impact, an emotional impact, and a physical impact,” admits Chris Cooper, a certified financial planner in San Diego. This isn’t exactly news for most adults who care for their aging parents. But Cooper points out that it is possible to lighten the emotional and Read more >>

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