8 10, 2017

Estate Planning for Single Parents

2023-12-27T04:20:03-05:00October 8th, 2017|

Every adult should have a well-considered estate plan, but being prepared is never more important than when you are solely responsible for a minor child. Like anyone creating a comprehensive estate plan, you’ll need a will or a living trust—or [...]

6 10, 2017

Florida Nursing Home Tragedy Causes Rethinking of Disaster Preparedness

2023-12-27T01:43:21-05:00October 6th, 2017|

The recent tragedy in which 12 Florida nursing home residents died when the facility lost power during Hurricane Irma is causing government officials to rethink disaster planning.In response to the deaths, Florida Governor Rick Scott announced a new emergency rule, requiring nursing [...]

6 10, 2017

How to Reverse Medicare Surcharges When Your Income Changes

2017-10-06T10:45:42-04:00October 6th, 2017|

What happens if you are a high-income Medicare beneficiary who is paying a surcharge on your premiums and then your income changes? If your circumstances change, you can reverse those surcharges. Higher-income Medicare beneficiaries (individuals who earn more than $85,000) [...]

6 10, 2017

Nursing Home Costs Rise Sharply in 2017

2023-12-27T01:41:28-05:00October 6th, 2017|

The median cost of a private nursing home room in the United States has increased to $97,455 a year, up 5.5 percent from 2016, according to Genworth's 2017 Cost of Care survey, which the insurer conducts annually. Genworth reports that [...]

6 10, 2017

Now Is the Time to Review Your Medicare Options

2023-12-27T01:32:44-05:00October 6th, 2017|

Are you happy with your current Medicare plan or plans? Now is the time to think about whether you are in the right plan or whether a new plan could save you money. Medicare's Open Enrollment Period, in which you [...]

5 10, 2017

5 Easy Tips to Simplify Your Year End Charitable Giving

2018-02-02T22:10:33-05:00October 5th, 2017|

Are you planning on making charitable donations before the end of the year? The IRS reminds us that you must itemize deductions on your tax return to claim a deduction for these gifts. In addition, the following five tips can [...]

1 10, 2017

Millennial Wealth Management and Estate Planning

2018-02-02T22:10:33-05:00October 1st, 2017|

The popular press has a lot to say about Millennials—a loosely defined classification including those who are currently in their late teens to late thirties—and their money. We read that they’re broke, that they’re living with their parents out of [...]

29 09, 2017

DIY Will Pitfalls

2023-12-27T04:21:14-05:00September 29th, 2017|

You’ve undoubtedly heard that it’s important for all adults to have a will or other legal plan for passing assets and getting debts settled when they pass away. You may also have heard that, despite that importance, most Americans don’t [...]

27 09, 2017

Pay Attention to the Small Details When Dealing with Long-Term Care Insurers

2023-12-27T03:01:43-05:00September 27th, 2017|

A long-term care insurance company recently cancelled the insurance coverage of an elderly woman who accidentally wrote the wrong amount on her premium check. The case illustrates the need for policyholders to pay attention to the details. Madeleine Maldonado, of [...]

26 09, 2017

How Does an IRA Fit Into Your Estate Plan?

2018-02-02T22:10:34-05:00September 26th, 2017|

When you think of IRAs, you probably think of retirement. But what happens to your IRA money after you’re gone? The answer depends on how you go about creating your estate plan and selecting beneficiaries, and you might be surprised [...]