IRA growth after retirement has previously been limited by required mandatory distributions. A new deferment option now allows seniors the opportunity for more retirement account growth.
Posts Tagged: elder law
There is no substitute for seeing for yourself rather than relying on ambiguous rating systems that can be manipulated.
Retirement is not all golf and grandchildren. Many people spend years planning for retirement and think they have it all figured out, until they actually retire. A recent Wall Street Journal article set out a few areas where retirees don’t know as much as they think they do.
Do your aging parents resist any talk about the future or giving you any of their financial or legal information? You’re not alone.
This is government insurance for people who have very little money that covers, among other things, the cost of nursing home care.
For years, it has been an article of faith that Medicare would not pay for services such as skilled nursing or physical therapy unless that care improved a patient’s health status.
How did this misunderstanding go on for so long?
Michael Pirron called John Hancock to ask about the care options covered by his parents’ long term care insurance policies. Their answer was, essentially, “What policies?” The policies had lapsed eight months earlier, and it was too late to send in the past due amount and get them reinstated.
Elite families passing their wealth from generation to generation does not just happen. Evidence suggests that it is the exception rather than the rule.
A life estate is a deed that entitles you to remain in your home for the rest of your life and allows your designated heirs to inherit it without the hassle of probate-court proceedings when you die.
Could you be legally liable for paying for your parents’ care?