How to Calculate Taxes on Social Security, Will Medicare Pay for Nursing Care?, How to Measure Gray Divorce

In Gray Divorce, Two Financial Planning Yardsticks Are Key | Calculating Taxes on Social Security Benefits | Nursing Home Care: What to Do When Medicare Won't Pay Created for {EMAIL} | [Web Version]( March 25, 2024 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [X]( [Youtube]( [Instagram]( [Retirement Tips]( [SIGN UP]( ⋅ [WEBSITE]( [] Money & Relationships [] [In Gray Divorce, Two Financial Planning Yardsticks Are Key]( [In Gray Divorce, Two Financial Planning Yardsticks Are Key]( (Getty Images) Preparation of a [budget]( and a net worth statement may be a necessary evil during divorce, but in financial advisor Andrew Hatherley's experience, both are essential for your financial well-being after [divorce]( as well. [] Social Security [] [Calculating Taxes on Social Security Benefits]( [Calculating Taxes on Social Security Benefits]( (Getty Images) Like other forms of [retirement income taxed by the IRS](, taxes on Social Security benefits are a possibility for retirees, so it's important to know how [Social Security taxes]( are calculated. [How to write your will in 10 easy steps]( Your will is one of the most important legal documents you'll make. With it, you take control of your legacy and protect the people you care about the most. So how do you write one? Here are ten simple steps to help you write your last will and testament in less than an hour. [Read More]( ADVERTISEMENT [] Medicare [] [Nursing Home Care: What to Do When Medicare Won't Pay]( [Nursing Home Care: What to Do When Medicare Won't Pay]( (Getty Images) Many people will need to stay in a [nursing home]( at some point in their lives. How much care they'll need and how long they need to stay, however, can be hard to predict. And unfortunately, [Medicare won't cover long-term care](. For this reason, it's important to plan ahead. [] Estate Planning [] [Should a Donor-Advised Fund Be Part of Your Estate Plan?]( [Should a Donor-Advised Fund Be Part of Your Estate Plan?]( (Getty Images) Many individuals are interested in including [charitable giving]( in their estate plans. This giving can take many forms. Estate planning expert Tracy Craig outlines how a [donor-advised fund]( can provide a very cost effective and easy way to give to charities, either during life or at death. [Have This Much Money? You May Want a Financial Advisor]( Money can't buy happiness, but research finds that if you have this much in household assets, hiring a financial advisor could help heighten your satisfaction levels. Just how much money do you need? 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[Misconceptions on Retirement Planning]( What do you need to know about retirement planning? Learn about mistakes to avoid by reading our breakdown of 6 common retirement planning myths. [READ MORE]( ADVERTISEMENT [] Real Estate [] [Spring Home Maintenance Checklist]( [Spring Home Maintenance Checklist]( (Getty Images) As you go about your annual spring-cleaning ritual, take a few additional steps to [save money on energy bills]( this summer, improve your home's appearance and ward off big-ticket repairs later. Here are [20 home maintenance to-dos]( for you (or the handyman) to tackle now. [] RELATED KIPLINGER ARTICLES WE THINK YOU'LL ENJOY [] [The 50-30-20 Budget Rule: A Simple Way to Save Money]( Consider this straightforward budget that helps you save money and more effectively manage your finances. [Medicare Advantage Open Enrollment Closes This Week]( Calling all Medicare Advantage enrollees: If you're looking to switch plans, your deadline is March 31. 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