As part of the Inflation Reduction Act (IRA) and the SECURE 2.0 Act, tax provisions were recently incorporated. Lower-income household tax code changes will automatically take effect. Households of higher income and net worth may want to review their retirement…
In case of unforeseen circumstances, such as an accident, incapacitation, or death, planning for the unexpected ensures you are prepared. If the COVID-19 pandemic taught us anything, it’s that life is uncertain and that caring for you and those you…
First major change in retirement legislation since 2006 was the Setting Every Community Up for Retirement Enhancement Act (SECURE). The impact of the SECURE Act on some retirees, near-retirees, and their future beneficiaries may significantly affect you, and it’s imperative…
Millions of Americans receive comprehensive health coverage and financial protection through Medicaid, a federal and state public health insurance program. The program helps low-income families, individuals, and people with disabilities receive adequate health care and provides nursing home or community…
Generally, annuities pay the same amount of money every year throughout the life of the owner. Most annuities are deferred, meaning the payout doesn’t occur until a later date. However, you can receive immediate payouts if you purchase a Medicaid-Compliant…
The aging population is growing in the US and worldwide. People are living longer than previous generations, which means many of us will require long-term care. It’s estimated that seven out of ten Americans will need long-term care during their…
In the United States, dementia is increasing rapidly among seniors and near-seniors. A hallmark of cognitive decline is a long pre-clinical phase followed by an actual medical diagnosis that progresses from early to middle and late-stage dementia. Poor memory, agitation,…
It has been decades since age discrimination was eliminated in the workplace, but the problem persists. Age discrimination occurs when an employee or prospective employee is treated less favorably because of their age. It can be directed at older employees…
In addition to the growth of the senior population, the financial, health, and legal needs of this demographic are also increasing rapidly. Because of this, it’s more important than ever to understand the value that elder law attorneys provide to…