Category archives: Seniors
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8 years ago
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We are asked regularly by our clients how they can make sure that their health care wishes are respected and adhered to regarding medical treatment for a terminal condition or end-of-life situation. Our answer is that they should create Living Wills that follow Florida Statutes to ensure that thei... [read more]
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8 years ago
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Seniors are treasures of our society, but unfortunately, many seniors struggle with feelings of loneliness, inadequacy, and depression. Seniors who once managed successful careers and enjoyed busy family lives can find their lives seeming dull and empty after retirement and their family members have... [read more]
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8 years ago
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We are asked regularly about how to cover the high cost of nursing home care. This is a serious concern for many, as it appears that these costs for skilled care continue to rise: www.floridaelder.com/nursing-home-costs-rise-sharply-2017/. Fortunately, with proper planning, there are ways to prepar... [read more]
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8 years ago
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A serious challenge affecting many seniors is overcoming isolation.
After retirement, with children grown and often living and working in other areas, and sometimes due to health issues, it is easy for seniors to become lonely and isolated. Many times, seniors loose support and social interac... [read more]
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8 years ago
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The median cost of a private nursing home room in the United States has increased to $97,455 a year, up 5.5 percent from 2016, according to Genworth's 2017 Cost of Care survey, which the insurer conducts annually. Genworth reports that the median cost of a semi-private room in a nursing home is $85,... [read more]
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8 years ago
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Are you happy with your current Medicare plan or plans? Now is the time to think about whether you are in the right plan or whether a new plan could save you money. Medicare's Open Enrollment Period, in which you can enroll in or switch plans, runs from October 15 to December 7.
During this p... [read more]
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8 years ago
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Caregivers are some of the greatest unsung heroes in our society. One thing we've noticed as we help clients in our offices in Orange Park, Jacksonville, and St. Augustine is how many of our clients have trusted and caring family members or friends helping them as they manage the challenges that can... [read more]
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8 years ago
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Last week, users of the music sharing App, Spotify were treated to a customized playlist, “Your Time Capsule” that offered nostalgia—and perhaps more. Spotify’s customized, “Your Time Capsule” gave users great tunes from their youth, based on their music preferences, and it’s possible that it also h... [read more]
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8 years ago
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One of the concerns often expressed to us by clients is how they or a loved one can qualify for Medicaid for long-term care when their gross income exceeds the monthly maximum limit of $2,205 in Florida. For these clients, a solution we provide is helping to set up a Qualified Income Trust in orde... [read more]
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8 years ago
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The Department of Housing and Urban Development (HUD) has announced changes to the federal reverse mortgage program. Citing the need to put the program on better financial footing, HUD will raise reverse mortgage fees for some borrowers and lower the amount homeowners can borrow.
A reverse mo... [read more]
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8 years ago
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Grandparents may be tempted to leave an IRA to a grandchild because children have a low tax rate, but the "kiddie tax" could make doing this less beneficial.
An IRA can be a great gift for a grandchild. A young person who inherits an IRA has to take minimum distributions, but because the dist... [read more]
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8 years ago
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Online bill paying has become a popular way to make paying bills easier, and now you can pay your Medicare premiums online too. If your bank allows customers to pay bills online, you can use that service to pay your Medicare premiums.
To set up online bill paying, contact your bank. To make s... [read more]
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