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If a child care or other household employee works at your house, you owe employment tax, says CPA George Saenz.
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More and more retirees are adjusting their lives so that they don’t have to leave employment behind entirely. Learn about the special considerations of a post-retirement career.
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Question: Since I'm getting close to retirement, I've moved my money into the target-date retirement fund offered in my company's 401(k). Do you think these funds are good investments? --Lucia Cannon, Johnson City, New York
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Long-term care premiums within certain limits are deductible as itemized medical expenses, says CPA George Saenz.
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In case of a bank failure, FDIC insurance would cover accrued interest earnings as well as principal.
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Question: My company has suspended matching contributions in my 401(k). I'm unsure what to do, but I'm thinking of rolling my 401(k) into an IRA account. Is that a good idea? --Brian, Taylor, Michigan
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A foreign person or corporation does not pay U.S. income tax on gains from the sale of most U.S. securities, says CPA George Saenz.
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A cash-out refinancing typically carries a slightly higher interest rate than a straight refinancing.
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Can't find the U.S. savings bond you were issued? A note to the government should help set things straight.