Take Your Social Security Benefits Early, This Is Why…
Your overall amount will be unaffected if you start receiving your social security benefits at an early age. Because you will be taking it at a younger age, your monthly payment will be smaller than if you had waited but the aggregate payout overtime will be the same amount. To
Court Rules the Fiduciary Rule Is No Longer Enforceable
The Fifth Circuit Court of Appeals found that the U.S. Labor Department’s fiduciary rule is no longer protected or able to be enforced. The fiduciary rule required financial advisors to act solely in their clients’ best interest as it related to investments into retirement accounts such as 401(k) and IRAs.
Advance Health-Care Directives for Important Decisions
Imagining how we may perish is probably one of the hardest things we will ever have to think about. Yet, if we want our dying to be meaningful and merciful, it is imperative that we think about it while we still can. Most of us want to die at home,
Digital Records Management Proven Successful
Digital technology continues to make our daily lives more efficient. Everyday smartphones, tablets, and other web-enabled devices allow us to communicate seamlessly. Technology applications have changed medical communities and systems, morphing them into an information-rich enterprise. Digital management of medical information is creating health care efficiencies and reducing unnecessary health
Workforce Opportunities for Older Americans
Many older Americans are willing and able to work, however, in April 2020 the unemployment rate for eligible workers 55 and older increased to 13.6 percent. COVID-19 restrictions and associated layoffs account for some unemployment increases, but so does the lack of employment opportunities among older Americans. A coexisting challenge in
Medicaid’s Shift from Nursing Facility to Home Care
According to Forbes.com, about half of all long-term care insurance claims are from policyholders living with dementia. The federally run program Medicaid is the primary financing mechanism of LTC where most of the monies are spent on institutional care settings that are ill-equipped to handle an increasingly large and longer
The Importance of Clear End-of-Life Care Instructions
You would hope your living will was properly prepared and your resuscitation instructions or DNR (do not resuscitate) are in order. While your wishes in a living will may be appropriately documented, that does not guarantee the instructions will be carried out as you stated. The frightening truth is that
Elderly Americans Experiencing a Rise in Bankruptcy
A rising number of retirees and aging Americans are using bankruptcy as an option to get out of debt. While medical advances are keeping seniors alive longer, the associated healthcare costs in the quest for longevity are being off-loaded onto the older individual at a time when reduced income is
Elder Law and Prenuptial Agreements
As a married couple grow older, let’s use Ginny and George as an example, it is typical that they would like to leave their assets to their extended family when they pass. Unfortunately, Ginny was then diagnosed with cancer. She began to worry: What could happen if she died before George
The Benefits of Having an Elder Law Attorney
As retired Americans grow older, their dependency on the family to handle financial and health matters increase. They often believe that their family members will be able to take care of any issues that arise. While consulting with loved ones about plans and wishes can be beneficial, relying solely on