You may need to be switching Medicare plans if you move. If you are over 65 and preparing to move to another county or state, be sure to add “check Medicare plan” to your to-do list. You need to make sure your Medicare plan will still be in effect after you move. Whether or not […]
read moreHollywood tends to sensationalize the beginning of settling the deceased’s affairs. The scene typically begins in a darkened attorney’s office decorated with shelves of legal books and a large mahogany desk. On one side sits the beloved family attorney, on the other the family of the recently departed. As a hush falls upon the gathered […]
read moreOnce an individual is approved for Medicaid benefits, he or she will receive such benefits subject to the payment of his or her liability. The liability is similar to a copayment under traditional insurance and is calculated based on the recipient’s income. While a solid legal plan can protect marital assets, a portion of the […]
read moreNot everyone will get the stimulus payment the federal government is sending to help Americans through the economic hard times triggered by the coronavirus pandemic. Among those left out are seniors and adults with special needs who are claimed as dependents. The Coronavirus Aid, Relief, and Economic Security (CARES) Act included one-time payments of up […]
read moreRetirement account owners, many of whose retirement balances have been pummeled by a stock market drop due to the coronavirus pandemic, do not have to take mandatory withdrawals this year. Federal law requires individuals who were age 70 1/2 before the end of 2019 to begin taking required minimum distributions (RMDs) from their retirement plan in […]
read moreThe COVID-19 pandemic has sent unemployment to its highest levels since the Great Depression, and older workers have been particularly hard hit, with one in five over age 55 now out of work, according to one estimate. Many people continue to work beyond retirement age, either by choice or out of necessity, at the same […]
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