11 results, Page 1 of 2

Tipping & Year-End Giving

https://blog.kao.kendal.org/tipping-year-end-giving

their exceptional service. Some places of employment have rules about tipping. For instance, Kendal at Oberlin staff are not allowed to accept tips. But twice a year, residents are asked to donate to a fund that is divided among the staff. Thank-you notes and cards, however, are acceptable and always

Planning to Pay for Long-Term Care

https://blog.kao.kendal.org/planning-to-pay-for-long-term-care

of one’s life, regardless of healthcare needs in the future. On the other hand, a resident with a lifecare contract is paying more on the front end for care services that may not be needed in the future.” Kendal at Oberlin offers a range of contractual agreements, including its Platinum Plan

Tax Scams and CCRC Deduction

https://blog.kao.kendal.org/tax-scams-and-ccrc-deduction

’ then the refundable portion could later be taxable as income.” A portion of fees for  Kendal at Oberlin residents are considered pre-paid healthcare expense. The deductible amounts vary from year to year and are determined annually by the community, based on the relative costs of providing care services. To get

Medicare Annual Enrollment is Now

https://blog.kao.kendal.org/medicare-annual-enrollment-is-now

Medicare Supplemental (Medigap), Medicare Advantage Plan or Part D drug coverage, this is the time to review your current plan and make sure it still provides the best coverage and the best value. Kendal at Oberlin, a life plan community, is fortunate to have an insurance coordinator on staff to help

Your Generosity May Reduce Your Taxes

https://blog.kao.kendal.org/your-generosity-may-reduce-your-taxes

income. Keep Donation and Medical Expense Receipts in One Place During a recent Kendal Zoom meeting on taxes with Oberlin CPA Vance DeBouter, a member of Kendal at Oberlin’s finance committee, residents were encouraged to pull out a shoebox to keep tax receipts all in one place. For older adults

Filing for 2020 Federal IncomeTax: What is New?

https://blog.kao.kendal.org/filing-for-2020-federal-incometax-what-is-new

and the portion of the monthly fee attributable to medical care paid by continuing care retirement community residents is deductible as medical expenses.  “Most Kendal at Oberlin residents receive a significant tax deduction for the medical component of the monthly fee. New residents receive an even

Lifecare Explained: Your All-Inclusive Option for Senior Living

https://blog.kao.kendal.org/what-is-lifecare

. Consider Kendal at Oberlin Kendal at Oberlin offers a range of contractual agreements, including Lifecare, what we call the Platinum Plan. Kendal’s Gold Plan is designed to complement an established long term care insurance policy. Both plans include a flexible meal plan, most utilities, basic cable

It’s Tax Time - Tax Tips for Seniors

https://blog.kao.kendal.org/its-tax-time

available but why bother. “If you file a paper return the processing time could be up to a year, possibly more,” says Oberlin CPA Vance DeBouter. Vance is a member of Kendal at Oberlin’s Finance Committee and a former Board member. “The use of paper forms instead of a software package also requires

{Webinar} Retirement Living Plans in an Uncertain Environment

https://blog.kao.kendal.org/retirement-living-plans-in-an-uncertain-environment

be able to leave money to family and/or charities?  “Then ask yourself, ‘How does the current situation affect my plan?’” Brad says. Here are 3 tips from Brad to help you answer that question, which he outlined in an hour-long webinar prepared for Kendal at Oberlin and five other Kendal affiliates