Parents want to help their children pay for college, but it might not be as beneficial as saving for retirement. Making kids pay their own way teaches them that money must be earned, and that teaches them about budgeting. Student loans come with low interest rates and generous tax deductions. Some loans might have the option to delay making payments, which is something retirement expenses, such as property taxes, etc. don’t offer. Parents without retirement savings can potentially be a bigger financial burden than student loans. Putting money into retirement now gives that money more time to grow.
The IRS still has the authority to impose fines on nonfilers.
Insurers have may defenses. One problem: The bad guys know about the defenses.
The law affects access to policy loans for insureds who are getting LTC-related accelerated death benefits.
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