Category archives: Planning
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3 years ago
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Overwhelmed by the stress of long hours, low pay and exposure to the COVID-19 virus, nursing home workers are quitting in record numbers. The labor hemorrhage has turned what was already a chronic staffing problem into a full-blown crisis in many facilities and entire states as understaffed nursin... [read more]
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3 years ago
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The Biden administration is moving forward with a Trump-era pilot program that would hand over the care of millions of Medicare beneficiaries to private, mostly for-profit, groups.
Health care advocates warn that that the little-known plan will limit patients’ choice of providers and effectiv... [read more]
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4 years ago
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Assisted living facilities are a housing option for people who can still live independently but who need some assistance. Costs can range from $2,000 to more than $6,000 a month, depending on location. Medicare won’t pay for this type of care, but Medicaid might. Almost all state Medicaid programs w... [read more]
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4 years ago
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The Internal Revenue Service (IRS) has announced the amounts taxpayers of different ages can deduct from their 2022 income as a result of buying long-term care insurance, and the figures are almost the same as in 2021.
Many types of medical expenses are deductible from your taxes. To claim th... [read more]
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4 years ago
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Studies have found that workers overestimate how much they will receive in Social Security benefits when they retire. Having a good understanding of the realities can help you plan for retirement.
Researchers from the University of Michigan studied the expectations of workers and found great unce... [read more]
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4 years ago
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One thing that we've all been reminded of recently is the importance of being prepared for unexpected events that are beyond our control. Having enough food, water, personal supplies, and cleaning products became of paramount importance last year, and we're all much more focused on keeping our car f... [read more]
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4 years ago
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For many Medicaid applicants, individual retirement accounts (IRAs) are one of their biggest assets. If you do not plan properly, IRAs can count as an available asset and affect Medicaid eligibility.
Medicaid applicants can have only a small amount of assets in order to be eligible to receive... [read more]
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5 years ago
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It always feels good to welcome a new year, and it was especially nice to celebrate the start of 2021 last week. As the excitement of the holiday season wanes, and we all get back into our routines, the reality that we continue to live in a time of great concern and uncertainty about the ongoing Cov... [read more]
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5 years ago
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We are often asked about how important it is to designate beneficiaries on accounts as part of Estate Planning.
Our answer is that it is very important to designate beneficiaries on all accounts to help avoid probate of an estate after the account holder’s death. With proper beneficiary designa... [read more]
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5 years ago
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The coronavirus pandemic is having a profound effect on the current U.S. economy, and it may have a detrimental effect on Social Security’s long-term financial situation. High unemployment rates mean Social Security shortfalls could begin earlier than projected.
Social Security retirement benefi... [read more]
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5 years ago
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In the wake of the coronavirus pandemic, unemployment is skyrocketing. Seniors who lose their jobs may be tempted to claim Social Security benefits early, but should they, given the resulting reduction in future benefits? The answer depends on your situation, but you may be able to claim and not sac... [read more]
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5 years ago
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During this very challenging time, as we are all affected by the COVID-19 virus and are making efforts to reduce its spread, please allow us to remind you that we are here, actively practicing, and are staying in regular contact with our active clients on all pending matters.
We are taking ex... [read more]
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