15 11, 2024

What Is IRMAA and How Does It Affect Medicare Premiums

2024-11-15T10:23:12-05:00November 15th, 2024|

As we near retirement, we may assume that once Medicare kicks in, our medical insurance premiums will be fixed. However, many people may not realize that there are special rules regarding how much they pay for Medicare Parts B and [...]

15 11, 2024

Medicare Part A and B Costs to Rise Again in 2025

2024-11-15T10:18:12-05:00November 15th, 2024|

The Centers for Medicare & Medicaid Services (CMS) has issued the 2025 figures for Medicare. As in 2024, these health care costs are going up across the board. Medicare Part B Changes for 2025 Medicare Part B covers the cost [...]

15 11, 2024

Report: Planning for America’s Aging Population

2024-11-14T21:57:32-05:00November 15th, 2024|

If you are age 65 or older and living in the United States, you are part of a large and growing population segment. According to the 2020 Census, one in six Americans are over 65. In fact, the number of [...]

10 11, 2024

Exploring New Treatments for Dementia Without Medication

2024-11-10T09:24:10-05:00November 10th, 2024|

Along with our increasing population of adults over 65 is the growing occurrence of dementia. Dementia can be caused by various diseases or conditions and affects a person’s memory and other cognitive abilities to the point of interfering with their [...]

8 11, 2024

IRS Announces 2025 Gift and Estate Tax Exemptions

2024-11-08T06:39:33-05:00November 8th, 2024|

The Internal Revenue Service (IRS) has released its tax inflation adjustment figures for tax year 2025. Annual Gift Tax Exclusion Effective January 1, 2025, you will be able to make individual gifts of up to $19,000 in the calendar year [...]

4 11, 2024

Virtual Reality and Palliative Care

2024-11-02T21:52:19-04:00November 4th, 2024|

You’re walking along a coastline where forest meets sea. You hear the rhythm of crashing waves and see gulls swooping down from a crystal blue sky. A light breeze ruffles your jacket. You take a deep breath of the salty, [...]

1 11, 2024

What to Know About Rolling a 529 Plan Into a Roth IRA

2024-11-01T06:03:30-04:00November 1st, 2024|

It used to be that there were only two options for what to do with unused funds from a 529 college savings plan: withdraw the money or save it for future qualified education expenses. As of 2024, however, you can [...]

17 10, 2024

IRS Finalizes 10-Year RMD Rules for Inherited IRAs

2024-10-19T08:07:10-04:00October 17th, 2024|

After much anticipation, the Treasury Department and the Internal Revenue Service (IRS) have issued final regulations relating to the 10-year required minimum distribution (RMD) rule for people who inherit individual retirement account (IRA) assets. The newly published guidelines generally reflect [...]

10 10, 2024

Inheritance Tax: What States Have It and When It Applies

2024-10-11T06:54:46-04:00October 10th, 2024|

Inheritance tax is a state-level tax that beneficiaries pay when they receive assets from an estate after somebody has passed away. The inheritance tax is distinct from estate taxes, but planning tools for avoiding or minimizing it, such as lifetime [...]

6 10, 2024

Study Links Credit Scores and Alzheimer’s Disease in Seniors

2024-10-06T19:55:06-04:00October 6th, 2024|

Missing numerous bill payments can damage a person’s credit score. But they could also signal a much bigger problem: damage to the brain from Alzheimer’s disease. Families often miss the early warning signs of Alzheimer’s in a loved one. Symptoms [...]