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.
Posts Categorized: Retirement Planning
IRA Do’s and Dont’s
A recent Morningstar Advisors article outlines some estate planning strategies to take maximum advantage of your IRA’s tax-saving benefits.
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.
Roth IRAs offer powerful planning opportunities
Roth IRAs offer some great planning opportunities, largely centered around the fact that they do not entail “required minimum distributions.”
The Latest Long-Term Care Snafu
Long-Term Care planning can be both daunting and difficult. There are many traps for the unwary, but there are also some very good resources available to assist in the process of choosing the right approach.
WSJ Article on IRA Charitable Rollovers
Here’s the Wall Street Journal’s perspective on the current opportunity for making charitable gifts of the required minimum distributions of your IRA.
So what’s in store for the economy in 2011?
From The Wall Street Journal (12/26/10) “The 2011 Economic Outlook – and What it Means for You”: anyone expecting those (tax) gifts from Washington to lift the cloud of uncertainty hanging over the U.S. economy will be disappointed. If anything, the outlook is hazier than ever.
Congress Extends the IRA Charitable Rollover
An important piece of the new tax act is the extension of a great way to make charitable gifts through your IRA. The only catch is you have to be 70-1/2 or older to take advantage of it.
Obama to Enact End-of-Life Planning for Medicare – NYTimes.com
The New York Times reports that the Obama administration is putting “death panels” back into its overhaul of our health care system. It is using regulation to accomplish what it could not achieve through the legislative process.
No Social Security COLA for 2011
Monthly Social Security and Supplemental Security Income (SSI) benefits for more than 58 million Americans will not automatically increase in 2011.