News

Saturday October 21, 2017

Flu Shots for Seniors
Savvy Living
What can you tell me about the flu shots for seniors? I became ill last winter after getting a standard flu shot and am wondering if there is a flu vaccine for older adults that would provide better protection this year. There are actually two different types of flu shots designed specifically for people age 65 and older: the Fluzone High Dose and FLUAD. These FDA approved vaccines are designed to offer extra protection beyond a standard flu shot. This is important for older adults who have weaker immune defenses and greater risk of developing flu complications. The Center for Disease...
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Will Tax Reform Include New Charitable Deductions?
Washington News
As the House Ways and Means Committee staff continues to draft a massive tax reform bill, a new proposal could expand charitable giving. This week, Rep. Mark Walker (R-NC) introduced the Universal Charitable Deduction Act (UCDA). The UCDA proposes allowing "above the line" charitable deductions in an amount equal to up to one third of the new standard deduction. If the standard deduction is increased from $12,700 for married couples to a proposed level of $24,000, then couples who take the standardized deduction could also deduct up to $8,000 in charitable gifts. The deduction limits are...
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IRA and 401(k) Designated Beneficiary Options
Personal Planner
Each year, IRA and 401(k)s are subject to required minimum distributions (RMDs). Because the distributions start at just...
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