Is Assisted Living Tax Deductible

Is Assisted Living Tax Deductible

Is Assisted Living Tax Deductible? One very common question we hear at Medicare Life Health Co. is “Is assisted living tax deductible?” There are two answers: Yes, if the reason for living in an assisted care facility is primarily medical, then all the expenses for the facility, which includes meals and lodging, is deductible. No, … Read more

How do Life Insurance Companies Make Money?

how do life insurance companies make money

How do Life Insurance Companies Make Money? If you have life insurance or if you’re thinking of purchasing life insurance, you might interested in learning more about the structure of the business. For example, if everyone dies, how do life insurance companies make money? Life insurance companies make money because insurance is a business model … Read more

What is Average Retirement Income in America?

What is Average Retirement Income in America?

What is Average Retirement Income in America? The average retirement income in the United States varies by your region and age. However, understanding your number in relation to the “Average American” can be very helpful in planning. Deciding how much money you need to retire comfortably is a big decision. Sometimes people underestimate the amount … Read more