The purpose of The Achieving a Better Life Experience (ABLE) Act is to provide individuals and families the ability to finance disability needs tax-free. The savings vehicle provided by the ABLE Act is similar to the 529 education savings plan.…
For serious health conditions like ALS and Alzheimer’s, it is vital to have a strong power of attorney. Additionally, it is important to know that a good “basic” advance-directive document needs considerable supplementation when it comes to a dreadful illness…
Studies have found that over 64% of Americans don’t have an estate plan. Many Americans over the age of 65 believe they lack the knowledge necessary to adequately plan for retirement and are not knowledgeable about basic retirement tools, like…
In estate planning, a letter of instruction is an important component of the overall plan. It is an informal document that will give your loved ones important information about personal and financial matters after your death. Letters of instruction are…
A government study found that Medicare and Social Security are at risk of collapse. Unless action is taken, Social Security will exceed its income by 2020, whereas Medicare is projected to exceed its hospital insurance fund by 2026. Social Security…
When a family member has passed, the family sometimes ends up arguing over personal property. Arguments can take place over things like a coffee mug, a piece of jewelry or a painting. These types of arguments can be eliminated by…
The elderly population in the United States is plagued by the use of multiple concurrent prescriptions. The more medications a person takes, the higher the risk of dangerous drug-drug interactions and increased possibility of inappropriate prescribing, adverse drug reactions, hospitalization,…
The Windfall Elimination Provision (WEP) may decrease your SSA benefit if you receive a pension from an employer that did not pay social security payroll taxes. How can you know if this is your situation? Your social security statement does…
New troubling data regarding middle-income baby boomer retirement care preparedness is revealed by The Blackstone Group, an independent research firm, on behalf of Bankers Life Center for a Secure Retirement. According to the survey above, the bleak financial reality of…
New innovations in-home healthcare funded by The Department of Veterans Affairs (VA) delivers cost-effective, quality care for veterans. Although the agency has long been mired in controversies surrounding its programs, particularly arbitrary caregiver dismissals, the home health services sector of…