I think most people want to believe that if the time ever came, they would be able to take care of their aging parents instead of having a stranger take care of them. But the responsibility of caring for an aging parent at a time when you’re still saving for retirement doesn’t come without a [...]
You have probably heard about Health Savings Accounts (HSAs) which were created in late November 2003 with the passage of “The Medicare Prescription Drug and Modernization Act of 2003.” Like an IRA for Medical Expenses Conceptually, an HSA is similar to a traditional IRA, only for medical expenses. Established to help pay for catastrophic medical [...]
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