Health savings accounts setup

This article is targeted to our Sun City Residents who are between the ages of 55 and 65. The rising costs of health insurance have forced many of us to change our health care coverage to higher deductible plans to reduce the insurance premiums.

Dining Out With the Geezers: Moretti’s

This week’s review is on Moretti’s, located on Randall Road, just in front of Costco. Moretti’s is the current breed of family restaurant/sports bar with a diversified menu.

Tip 19: Garage Door Maintenance

Back on January 13, we talked about things you need to do to keep your garage door working well. (To review this article, go to the mysundaynews.com website and search under columnists.) We have heard about a few door spring failures and have some more complete information on how to deal with this type of failure.

Inheritance and Estate Taxes

I received a number of emails from readers who responded to our last column on the Federal Gift Tax. They noted that the Gift Tax was imposed on the donor versus the recipient of the gift, and they raised the question of what taxes, if any, must be paid by the recipients. Currently, there are no taxes paid by recipients of gifts at the Federal or Illinois state levels for Illinois residents. Residents of other states should check with the applicable state’s revenue department to determine if the state imposes taxes on recipients of gifts.

Credit vs. Debit Cards

A 2010 survey conducted by Credit.com revealed how American consumers pay for their purchases. The survey said 40% use cash, 39% use debit cards, and only 21% use credit cards. Apparently the downturn in the economy has driven the majority of consumers to not spend what they don’t have.