Tax Preparation Reminder
New Yorkers remember to claim
on your state tax return for the
long term care insurance 20% credit.
Use Form IT-249
Financial Challenges of
Longer Life Expectancy
As life expectancy increases, it is more important to give financial planning for retirement extra attention as discussed at a recent meeting of the Society of Actuaries. Income annuities can provide steady cash flow. The need to protect assets against the cost of long term care services is more important. In Metro New York and Connecticut the cost of services is twice that of the national average. Click here for ideas from the actuaries.