Maybe we should pity millionaires. Many don’t feel rich even though it puts them in the top 7% of Americans. Blame sky-high housing prices and the rising cost of their kids’ college education for their less than sanguine outlook. The fact is, $1 million doesn’t buy what it once did even a decade ago. But if you manage to save $1 million for retirement, you might just have enough to be comfortable.
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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