Those yearly statements that Social Security mails out — here’s what you’d get if you retired at 62, at 66, at 70 — will soon stop arriving in your mailbox. It’s part of an effort to save money and steer more people to the agency’s website, which is worth checking out.
Posts Categorized: Current Affairs
From SmartMoney (April 6, 2011) “More Costs, Fewer Benefits Likely for Medicare Seniors”
The House Republican plan for overhauling Medicare would fundamentally change how the federal government pays for health care. Starting a decade from now, many Americans will likely face higher out-of-pocket costs and greater limits to coverage.
Hiring a Caregiver is Trickier than You Think
You might be surprised at what a Pandora’s Box you can encounter when you hire a caregiver. Getting a little expert guidance will go a long way toward avoiding financial and legal problems.
Fundamental Estate Planning
For many of us, estate planning is an uncomfortable subject. That’s understandable, but there are adverse consequences to avoiding it.
Beware Bargain Estate Plans
By not paying for what you really need, you can end up paying too much for a bargain-basement estate plan. This article gives you 12 questions to ask before engaging an estate planning attorney.
It’s Time to Walk Across the Room
What makes a civilization “civilized”? The ability and willingness of its members to talk to each other in constructive ways is a pretty good start.
Big Break for Family Businesses
Families now have the chance to pass a substantial stake in their businesses to the next generation—even before handing over the reins. But transferring ownership can raise complicated succession and estate-planning issues that families need to address before giving away so much as a share of stock.
Will a power of attorney give me the authority I need to cause my unwilling 92-year-old parent to stay in an assisted living facility?
Another “ask the expert” question featured at www.est8planning.com. This one deals with the tough situation of having to override a senior family member’s choices when he she loses the ability to make good decisions.
Are monies received via personal service contracts entered for Medicaid planning purposes subject to self employment tax?
Another “ask the expert” question featured on www.eldercarematters.com. This one relates to personal service contracts used in Medicaid planning.
Is there a legal way to protect any of my elderly parents’ assets and have Medicare/Medicaid pay for extended nursing home care in the event it is necessary?
Here is another featured question from the ElderCareMatters website. It deals with Medicaid qualification.