Consider delaying Social Security Benefits
In a rush to file for Social Security benefits at age 62? Many people are, but slow down and do the math first – or you might regret it.
October 29, 2021
What Should Women Know about Long-Term Care?
Women face unique challenges as they age. According to the Population Reference Bureau, a Washington-based think tank, women live about seven years more than men. Living longer means planning for a longer retirement.
September 23, 2021
Estate Planning for Couples with Big Age Differences
Increasingly, financial advisors are working with clients from nontraditional families, which can sometimes require different or additional strategies to protect their assets and achieve their financial goals.
August 31, 2021
Women should plan for Long-Term Care
Who needs long-term care insurance … and who might be able to do without it?
August 13, 2021
Who Pays Tax on a Special Needs Trust?
The main financial vehicles of supporting disabled individuals—the special needs trust and the Achieving a Better Life Experience (ABLE) account—both come with special tax conditions that advisors need to consider.
August 10, 2021
Protect Assets and maintain Medicaid Eligibility
The bill for long-term care adds up fast. The annual median cost for a private room in a nursing home was $105,850 in 2020, according to Genworth. The government could pick up these costs if you qualify for Medicaid, but that’s easier said than done.
June 17, 2021
Social Security Mistakes could cost Thousands
On its surface, Social Security seems like a fairly straightforward program. You and your employer pay a tax based on your earnings, while you work. When you retire, you get a lifelong income stream that’s somewhat tied to how much you paid into the system.
April 7, 2021
Maximize Your Social Security Benefits
All you have to do is type ‘maximize Social Security’ into Google or any other search engine and you will get hundreds, if not thousands, of hits.
March 11, 2021
Understanding the responsibilities of the conservator
When an individual cannot make important decisions for himself or herself, a judge appoints someone called the conservator or guardian to make decisions. The conservator has the legal backing of the court in all decisions, including finances, medical and personal care.
February 19, 2021
SECURE Act has Changed Special Needs Planning
An applicable multi-beneficiary trust can solve some–but not all–of the challenges that the new act presents.
January 11, 2021