Insurance

When planning for lifetime income and expenses, veterans may qualify for resources unavailable to civilians. Financial planners need to help determine which are available to the dependents of veterans, which are exclusively for veterans with a service-connected disability, which are actionable only upon discharge and which include choices available during the financial planning process later in life. Three major considerations are major life-cycle events, income and insurance.

There have been some important changes in laws affecting Medicare during the last year, but some other aspects of the program remain the same. With a new wave of Baby Boomers turning 65 each year, the Ohio Society of CPAs offers these tips on what you need to know to ensure your coverage and minimize any potential added costs.

Would you be able to list all the contents of your home if you had to? Most people could not, which is why it’s a good idea to put together a written home inventory. The Ohio Society of CPAs explains why this is a smart step and offers tips on how to do it.

Planning what to do in case of a disaster is an important part of being prepared. Some simple steps can help taxpayers protect financial and tax records in case of disasters.

Do you own a life insurance policy that you no longer need? If so, there are a number of options available to you, including surrendering the policy to receive the cash value or letting it lapse. Another option is a life settlement, in which you sell the policy to an investor. Life settlements have become a $12 billion industry, but The Ohio Society of CPAs warns that there are a few questions you should ask before you sign up.