From the November 2006 issue of Investment Advisor • Subscribe!

300 Million, and Changing

A population milestone

More On Tax Planning

from The Advisor's Professional Library
  • Charitable Giving Charitable giving can reduce your clients’ tax liabilities. However, the general and verification rules for the deduction of charitable gifts must be understood in order to take full tax advantage of such gifts.
  • Health Insurance: Health and Medical Savings Accounts A Health Savings Account is a trust created exclusively for the purpose of paying qualified medical expenses of an account beneficiary. Although they are popular, they are not without their pitfalls and the regulations can be complicated. Learn more about how to avoid federal taxation on the accumulation and distributions of HSA.
The Census Bureau made the announcement on October 17 that the population of the United States crossed the 300 million threshold. The makeup of the population is changing, too. According to the Bureau's American Community Survey, 55.2 million (approximately 49%) of the nation's 111.1 million households in 2005 contained married couples--with or without children. Since 2000, those identifying themselves as unmarried opposite-sex couples increased by about 14%. Although they may choose to live together for different reasons, unmarried partners do share something--different, potentially more complicated financial issues than those faced by married couples.
Reprints Discuss this story
This is where the comments go.