Author: systemadmin

The United States Census Bureau predicts that the nation’s population of older adults nationwide will have doubled from 49.2 million in 2016 to 94.7 million in 2060. As the population grows as well as ages, elder abuse remains a significant concern. According to the U.S. Department of Justice, 10 percent of older adults experience some form of abuse… Continue reading Which States Have the Best Protections Against Elder Abuse?

If you are a homeowner who is falling behind on your real estate taxes, you may end up facing foreclosure on your property. Because your property taxes hinge on the value of your property, you may find your taxes rising beyond what you can afford. Before your situation becomes more serious, be sure to educate… Continue reading Avoiding Property Tax Foreclosures for Older Adults

Your most valuable property may be your home, which is true for many people. You likely want your children to inherit that value when you pass away. However, you may also have concerns about planning for the future, especially if your health declines and you need expensive long-term care. You may be aware that Medicaid can pay for these services. However, Medicaid rules… Continue reading Medicaid Planning Protects Your Home

Visiting your attorney to get your estate plan done is one New Year’s resolution that you should definitely keep. None of us knows whether or when we may find ourselves seriously injured or sick. But if it does happen, you may not be able to speak for yourself. That’s why it is so important to… Continue reading New Year’s Resolution: Get That Estate Plan Done

With the arrival of the new year, revisions to the annual gift tax and estate tax exclusions will be going into effect, as recently announced by the Internal Revenue Service (IRS). Gift Tax Exemption for 2024 Every calendar year, you can gift up to a certain amount to another individual (or individuals) tax-free. These gifts can include… Continue reading 2024 Annual Gift and Estate Tax Exemption Adjustments

Not talking to your adult children about their inheritance comes at a cost. Do what you can to manage expectations for adult children as they forge their financial plans. Knowing their general inheritance situation can change their decision-making process and lead to better outcomes. These are practical matters of allocating resources for things like housing,… Continue reading Baby Boomers: Inheritance Conversations With Your Children

Your heirs may not see eye to eye on family circumstances, particularly regarding inheriting your estate. Relationships can change and intensify when you die. Underlying issues can bubble to the surface, creating tensions over your estate and possibly tearing your family apart. Even if your children get along well, the distribution of your assets can… Continue reading Estate Planning: Should I Divide My Assets Equally?

To secure the maximum amount in monthly Social Security retirement benefits, Americans must wait until full retirement age to start receiving their payouts. Results from a 2023 survey show that most of today’s workers know about this stipulation – and yet the vast majority say they’re willing to file for their Social Security benefits early anyway. UK-based wealth management… Continue reading Most US Workers Say They Will File for Social Security Early

The Lifeline Program is a federal program that works to lower the cost of phone and internet services for low-income American households. The Lifeline Program can certainly benefit an older person living on a fixed income. With the reduced costs that Lifeline provides its customers, seniors can stay connected on a budget. How Much Can… Continue reading What Is the Lifeline Program?

Each fall, Medicare advertising intensifies as the open enrollment period for coverage takes place. From October 15 to December 7, seniors nationwide have the option to sign up for a new Medicare plan. With dozens of plan choices available, shopping for Medicare can be overwhelming. Not to mention, so many people over the age of… Continue reading Deceptive Ads Are Affecting Seniors Seeking Medicare Plans