"How can I plan?" asked Mary. "We just sold our home and bought a retirement condo. Our older child just moved across...
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What are the best Medicare coverage options for COVID-vaccinated retirees who are eager to travel? My wife and I will both turn 65 over the next few months and would like to know which Medicare plans are best for extensive travelers. The best Medicare plans for retirees who plan to travel will vary depending on your destinations. Before you book a trip, make sure you know the current CDC COVID-19 travel recommendations (see CDC.gov/coronavirus/2019-ncov/travelers). Research your destinations so you know what restrictions apply wherever you are going. Medicare Review Before we dissect how Medicare works for travelers, let us start with a quick review of your different Medicare options....
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With the reduced number of infections and better news for the COVID–19 pandemic, millions of Americans are returning to work. Many parents are making arrangements for childcare. The American Rescue Plan Act (ARPA) includes several benefits that will help parents as they return to work. The ARPA benefits include an increased child and dependent care credit, higher limits for a flexible spending account (FSA), expansion of the earned income tax credit (EITC) and greater benefits under Advance Child Tax Credits. 1. Increased Child and Dependent Care Credit — ARPA makes it easier for parents to provide child and dependent care. The tax credit for care of qualified dependents is...
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