Money and Finance

Will Medicaid Take Away Your Home?

Assisted Living, Money and Finance, Senior Care, Senior Living Leave a comment , , , , ,

Description of Medicaid Estate Recovery Federal law allows states to recover money spent on behalf of the Medicaid beneficiary after that beneficiary’s death. Recovery concentrates on what Medicaid considers an “estate.” For most purposes, the only estate asset remaining at death is the personal residence. Each state approaches recovery differently. In some states, recovery is […]

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How To Help A Senior Loved One Make Financial Decisions After The Death Of A Spouse

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When a senior loved one loses their spouse or life partner, everything changes. Life as they’ve known it, possibly for decades, will never be the same. And yet, in the face of all that change and while dealing with their grief, they’ll be asked to make difficult financial decisions. Some of them, such as covering […]

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Recommended Reading for June 2018

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Before I Go  (Book and Workbook) By: Arie Korving Too often when someone becomes ill the family wonders about the lengths to which they will have to go during a final illness. After someone dies, those left behind wonder what to do about bills, income, insurance, and investments. “BEFORE I GO” is a comprehensive manual […]

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Best Things Seniors Can Get Free or Discounted

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Best Things Seniors Can Get Free or Discounted There are many benefits to getting older, but living on a fixed income can be a challenge. The good news is that so many places give seniors a discount, but often only if you ask. Deals change constantly, and sometimes a particular franchise owner gives a free […]

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How the New Tax Law Affects Older Adults

Money and Finance, Senior Care, The Choice Voice Leave a comment , , ,

Older adults have heard everything from how wonderful the new Tax Cuts and Jobs Act (TCJA) is going to be for them, to headlines assuring them a trip to tax Armageddon. The answer depends on your own circumstances, but there are ramifications for older adults as a group. Several key provisions of the bill shed light on […]

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Six Tax Tips for Your Tax Return Preparation

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Six Tax Tips for Your Tax Return Preparation Your New Year resolutions may have faded, but don’t forget about your financial well-being. Get organized and focused on your taxes for 2017 and plan for 2018 given the recent tax reform. Here are some tips to get ready to file, get the biggest refund you deserve, […]

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Financial Tips for Low- to Mid- Income Seniors

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Financial Tips for Low- to Mid- Income Seniors One-third of households headed by an older adult has no money left over at the end of the month or is in debt after meeting essential expenses, according to the Institute on Assets and Social Policy. If you’re one of these seniors, it may seem impossible to […]

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Face the Facts: Topics to Discuss Now with Your Aging Parents (Part 2 of 2)

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As we age and live longer, financial, legal, healthcare and long-term care issues affect families, not just individuals. This guide was created to help families “face the facts” about these important topics. This overview addresses some key areas of concern, suggested questions to ask, and ways in which families might initiate conversations about these often difficult […]

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The Golden Rule Becomes The Fiduciary Rule

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The Golden Rule Becomes The Fiduciary Rule New federal requirements could mean a different relationship between you and your financial adviser. “Do unto others …” is not only a good idea to maintain healthy relations with friends, neighbors, and acquaintances, it’s also at the heart of most of the world’s major religions. When it comes […]

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Finished at 50? Actually, Your Career Might Just Be Getting Started

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Finished at 50? Actually, Your Career Might Just Be Getting Started “Life starts at 66,” sang Udo Jürgens in his popular 1970s tune about retirement. While he would probably have to revise the age upwards by a few years now, the lyric title still seems relevant. Many developed economies are facing an inverted age pyramid: […]

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