Life expectancy for males born today is over 74 years. Females can expect to reach the age of 80. Because the longer one lives, the longer one is expected to live (actuarially), today’s 70-year-old can look forward to 15 or more years of retirement. Most of us appreciate that living conditions and medical science have …Read More
Even though retired households often enjoy significantly less income than working households, they tend to give more generously, according to preliminary results of a study being conducted by the Center on Wealth and Philanthropy at Boston College. Highlights about retired households include: They earn 35% less than non-retired households They own 58% more wealth They …Read More
Katrina Tax Act passed On September 23, President Bush signed the Katrina Emergency Tax Relief Act of 2005 (KETRA). In this bill, Congress enacted measures designed to increase charitable giving during this time of extraordinary need. Provisions affecting charitable giving include: Enhanced deductions for donations of food and books by businesses for relief efforts  A …Read More
One hundred years ago, the average life expectancy in the United States was less than 50 years of age. In fact, government figures from 1900 report a life expectancy of only 47.3 years. Today’s U.S. life expectancy exceeds 77.6 years of age—an increase of over 30 years. In light of these advances in longevity and …Read More