When you convert a Traditional IRA to a Roth IRA you pay income tax on the amount of money being converted.

Should you convert to a Roth IRA?

By Nance Ebert, Contributing Writer REGION – For many people there is typically some confusion when it comes to retirement savings plans and how best...

Financial advice proves helpful for self-employed individuals planning for retirement

By Leslie Anderson, Contributing Writer REGION - Operating a successful business reflects long-held goals for many people. Working for oneself provides a certain satisfaction of...
Because Massachusetts is not a community property state, when a married resident of the state dies, their spouse does not owe their debts.

What happens to your debt when you die?

By Nance Ebert, Contributing Writer REGION - When people think about planning for their eventual demise, the focus is usually on assets. But what about...
Older residents of Massachusetts who are struggling financially may get some relief from the state’s Senior Circuit Breaker Tax Credit. Photo/pixabay.com

Massachusetts seniors may be eligible for circuit breaker tax credit

By Kelley Walker Perry, Contributing Writer  BOSTON – Older residents who are struggling financially walk into the Mattapan Family Service Center at 535 River Street,...
Boston-based attorney Marcia Wagner says apart from changing federal estate tax laws, the most important factor in estate planning may be a last will and testament.

How to avoid mistakes in estate planning

By David Wilkening, Contributing Writer REGION - If you’re considering estate planning, you might be putting it off until you’re older. Keep it simple, you...

Reverse mortgages: Frozen in place

By Alain Valles, CRMP, CSA, MS, MBA Nonprofit Charitable Managing Director As Managing Director of the self-funded nonprofit charitable mortgage company, Helping Hands Community Partners, our...
Mike Festa

AARP helping to make sense of money matters in March

By Mike Festa, AARP Massachusetts State Director With a new year and tax season upon us, a lot of us start to think about money...

Social Security announces 1.6 percent benefit increase for 2020

Social Security and Supplemental Security Income (SSI) benefits for nearly 69 million Americans will increase 1.6 percent in 2020, the Social Security Administration recently...
Dog Photo by Andreas-CC-BY-NC-ND-2.0.jpg

Estate planning for pets ensures your wishes are honored

By R. R. Fletcher, Contributing Writer Most people just want peace of mind―to know that the family pet will be loved and cared for after...
Borrowers over the age of fifty make up almost a quarter of the current debt owed.

Properly managing student loan debt is even more important for older borrowers

By Nance Ebert, Contributing Writer REGION - Student loan debt is a heavy burden for people of all ages. But did you know that borrowers...