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Owning real estate with other people can be difficult, even when the individuals get along.
Delaying Medicare enrollment can result in penalties that can increase your premiums for life.
The SECURE Act largely eliminated the so-called stretch IRA that allowed non-spouse beneficiaries to take distributions over their lifetimes.
The person who makes healthcare decisions for you may need another set of skills than an executor.
You can shelter up to $500,000 of home sales profits from capital gains taxes. Capital gains also can be reduced if you have capital losses.
Technically, debts incurred before marriage are considered separate. But there are many ways premarital debt can affect postmarital life.
The IRS doesn’t consider freeloading relatives as one of the hardships that can modify the home sales exclusion rules.
Credit card debt doesn’t just disappear when you die. The debt would become the responsibility of your estate.
Before deciding whether to sell stocks in a difficult market, consider why are you investing in the first place and when will you need this money.
The IRS calls it an ‘involuntary conversion’ when your property is destroyed and you receive insurance proceeds.
