DEAR BRUCE: My husband purchased life insurance when we were married in 1947. He passed away in 2010. I sent the insurance company his death certificate, which they needed as proof. I haven’t heard anything since.
As a practicing CPA in my past, I had the opportunity to sign what I conservatively estimate to be at least 10,000 tax returns, a significant number of which reveal my personal Social Security number on the underlying form.
Strategic planning is a major responsibility for a volunteer-driven nonprofit board of directors.
The presence of paid staff does not exempt volunteer leadership from the duty of strategic planning. Officers and directors are ultimately responsible for insuring that mission and purpose are pursued.
DEAR BRUCE: I plan to sell my home (mortgage free) next spring and move to North Carolina from Pennsylvania. I am 80 years of age. I expect to sell my home for approximately $150,000. I want my new home to have two bedrooms and two baths. If I rent, I will be paying approximately $1,100 per month. Should I rent or purchase a condo that is currently selling for almost $130,000? — T.S.
DEAR BRUCE: Should I stay in my current house and continue to save to buy land and build a house, or leave now? I am 100 percent debt free, and for the past 15 years, I’ve lived in a very small, 70-year-old subdivision with half-acre lots.
DEAR BRUCE: My wife and I are both over 70 and get enough money from Social Security and pension to fully cover our living costs. We have a decent amount of money ($1 million) in investments and IRA accounts that we use only for major expenditures, such as travel, cars, etc. We both are in good health and could easily live for another 15 to 20 years.