IRS Issues Long-Term Care Premium Deductibility Limits for 2019
The Internal Revenue Service (IRS) is increasing the amount taxpayers can deduct from their 2019 income as a result of buying long-term care insurance.
Don’t Make the Mistake of Not Signing up for Medicare Supplemental Coverage
You are turning 65 and enrolling in Medicare, but as a healthy senior do you really need to also sign up for Medicare's supplemental coverage? Not signing up initially can be very costly down the road.
It’s Open Enrollment Season: Is Your Medicare Plan Still Working For You?
Do you have the right Medicare plan? It is fall, which means it is time to think about whether your current plan is still giving you the best coverage or whether a new plan could save you money or offer better coverage.
Be Careful About Putting Only One Spouse’s Name on a Reverse Mortgage
A recent case involving basketball star Caldwell Jones demonstrates the danger in having only one spouse's name on a reverse mortgage.
2019 Will Bring Social Security Beneficiaries the Biggest Increase in Eight Years
The Social Security Administration has announced a 2.8 percent increase in benefits in 2019, the largest increase since 2012.
For First Time, Median Cost of Private Nursing Home Room Hits Six Figures in Annual Survey
The median cost of a private nursing home room in the United States increased to $100,375 a year in 2018, up 3 percent from 2017, according to Genworth's annual Cost of Care survey.
Thanks to All Walkers & Donors for Walk to End Alzheimer’s
It was a fun-filled, sunshine-drenched, record-setting year for us with funds raised totaling over $2,700 for the 2018 Walk to End Alzheimer’s in Providence. Thanks to all our clients, colleagues, referrals sources, friends and family who participated and supported us. We are grateful for your generosity to this cause, which is near and dear to…
How to Handle Sibling Disputes Over a Power of Attorney
When one sibling is named in a power of attorney, there is the potential for disputes with other siblings. No matter which side you are on, it is important to know your rights and limitations.
Can I Give My Kids $15,000 a Year?
If you have it to give, you certainly can, but there may be consequences should you apply for Medicaid long-term care coverage within five years after each gift.
It’s Now Harder for Veterans to Qualify for Long-Term Care Benefits
The Department of Veterans Affairs has finalized new rules that make it more difficult to qualify for long-term care benefits. The rules establish an asset limit and asset transfer penalties for claimants applying for VA pension benefits.