COVID-19 Closes VA Regional Benefits Offices
All Veterans Benefits Administration (VBA) Regional Offices are closed to the public for veteran walk-in claim assistance, counseling, scheduled appointments, and other in-person services in response to the COVID-19 pandemic. The offices will remain open to essential personnel as services will be provided to veterans through the Veterans Administration website
What This Decade Holds for Baby Boomers
The baby boom generation is comprised of those Americans born 1946-1964, and according to the US Census Bureau (Bureau of Census), their numbers are estimated to be 73 million strong. This number represents nearly 20 percent of the American public. As they enter their 60, 70, and 80th decades, their
New Tech Revolutionizing At-Home Medical Care
The silver tsunami of Americans aging into 65 or more years puts additional strain on an already overtaxed US health care system which is running low on doctors, nurses, and caregivers. The surge in baby boomer seniors and near-seniors has put a focus on Telehealth and mHealth technology platforms which
Passing on Your Family’s Values
Successfully addressing and legally formalizing inheritance of family values and assets can be challenging, especially if parents wait too long to begin instilling family values. Undoubtedly the best time to teach and empower your children as eventual inheritors of your family legacy is during childhood, then continuing throughout adulthood. Waiting
Keeping Your Home While on Long-Term Care
Homeownership is the American Dream. People work hard all their lives to own a home, and it is often their most valuable and significant possession. So when health begins to fail and the need for long-term care arises, we often get this fear-filled question from our clients: will they take
Hybrid Policies on the Rise
You have probably heard about the astronomical costs of nursing-home care if you become seriously ill or injured. You might also know that Medicare would cover only a minimal amount of those costs. Private insurance doesn’t seem like a good bet either if you’ve heard horror stories about skyrocketing premium
Why is a Living Will Important?
A living will lays out your preferences for life-sustaining medical treatment. It is often accompanied by a health-care proxy or power of attorney, which allows someone to make treatment decisions for you if you are incapacitated and the living will does not have specific instructions for the situation at hand.
Congress Passes the SECURE Act of 2020
Congress has passed a bipartisan appropriations bill. In the contents of this spending bill is a piece of legislation known as the Setting Every Community Up for Retirement Enhancement Act (SECURE), the first significant change in retirement legislation since the Pension Protection Act in 2006. The President signed the Act
Seniors Suffering Financially from Gray Divorce
Americans aged 50 or more are experiencing gray divorce more than ever. The term gray divorce generally refers to the baby boomer generation and affects all classes and education levels. Research shows that splitting during middle age is particularly damaging to your financial well being. According to Bloomberg News, the
Not Adding Your Kids to Your Bank Account
Although it can be useful to have another party available to keep track of bills when you’re sick or away, adding a child’s name to a bank account may be more of a hassle than it’s worth. Doing so may have unintended consequences for both you and the child. First of