family_caregiver

Many of us have just returned from spending the Thanksgiving holiday with our families. Often, those families include caregivers—people who've dedicated their money, time and energy to taking care of elderly or ill loved ones. These caregivers provide an important service, but all too frequently their contributions are overlooked. This holiday season, consider taking some time to reach out to thank and support the caregivers in your life. And if you're a caregiver yourself, don't forget to take advantage of the resources that are available to help make your job a bit easier.

Who Are Family Caregivers?

There are more than 66 million family caregivers in the United States, according to the National Care Planning Council. They are friends, partners, children or other relatives who provide support for people who aren't able to live independently, perhaps because of Alzheimer's disease, a disability, cancer or other long-term illness. On average, caregivers spend 20 hours per week taking care of their loved ones, and they are often not compensated for their efforts. Women are more likely to be caregivers than men.



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2012_tax_scams

Every year, unsuspecting people fall victim to a variety of tax scams, ranging from identity theft to return preparer fraud. While it may seem to be too early to be worrying about your 2012 tax return—the year isn't even over yet, after all—it's a good idea to familiarize yourself with a few common tax planning scams now, so that you can take steps to avoid becoming a victim. Below, I've outlined four tax planning scams that you need to know about so you can spot a potential issue before it becomes a real problem.

Tax Scam #1: Identity Theft

You're probably aware of the risk of identity theft. But identity thieves aren't just after your credit card information or the money in your bank account. They may also steal your personal information and then use it to file a fraudulent tax return (and get a refund from the IRS in the process). The IRS is aware of this scam and keeps an eye out for returns that could be fraudulent. If you get a notice from the IRS that more than one return was filed in your name, that could be a sign that your identity was stolen.



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Financial planning for same-sex couples can be complicated

While an increasing number of U.S. states now allow gay marriage (and voters in several more states approved such marriages in Tuesday's elections), financial planning for same-sex couples is still complicated. Because these "non-traditional" marriages are not recognized by the federal government, same-sex couples have to negotiate a mish-mash of laws related to estate planning, insurance planning and tax planning. This confusing, ever-shifting landscape means that same-sex couples need to take extra steps to ensure that they are able to reach their financial goals.



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retirement destination

What's your dream retirement destination? Whether you envision staying close to family and friends, downsizing to a condo in the city or perhaps even retiring abroad, you need to think about what you can do today to help you get to your ideal retirement destination. A big part of the decision will involve your budget, but that's not the only factor. When deciding where to live you have to consider what is important to you as well as how you can get the most out of your retirement dollars

Generally, there are three big issues most people need to consider before choosing a place to retire.



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New cars, fancy vacations, the latest electronics—there's no question that Americans, even in the aftermath of the Great Recession, love to spend money. And, all too frequently, those purchases aren't paid for outright. Instead, people hand over a credit card or get a loan. In the second quarter of 2012, U.S. consumers had a total of more than $2.7 trillion in outstanding consumer debt, such as credit card debt and car loans—and that doesn't include mortgage debt.1

Most people understand that getting trapped under a mountain of debt isn't smart. But that doesn't stop many—especially young people who are out on their own for the first time—from making poor financial choices that can haunt them for decades.



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