One new provision introduced by the SECURE Act 2.0 allows taxpayers to withdraw up to $2,500 each year from traditional retirement plans to cover the costs of long-term care insurance without ...
You’re using your own retirement money — money you’ve already worked a lifetime to save — to pay for long-term care. But when tax season comes around, you don’t owe a single penny in income tax on ...
When it comes to retirement planning, most people focus on the “big three” of income, taxes, and investments. But there’s another silent threat that can derail even the best-laid plans–long-term care ...