Medicare Advantage: Costs and Consequences
As over half of Medicare beneficiaries are now enrolled in Medicare Advantage (MA) plans, concerns are mounting over the increased financial burden these plans place on Medicare’s finances. Despite the higher costs, MA plans do not deliver better health outcomes or more affordable care for enrollees compared to Traditional Medicare.
Good News about Social Security
For a long time, the Social Security Trustees have been warning that the retirement benefits system is facing some future financial hardships.
What Will Happen to O.J. Simpson’s Assets?
The public is now likely to get a closer look at Simpson’s finances, and the families are likely to have a better shot at collecting—if there is anything to collect.
Three Essential Documents Your Graduate Needs
Families are gathering this month to celebrate as the next generation of leaders graduate from high school and college. As these young people march forward into the next stage of their lives, they should do so with the protection of three essential legal documents.
How Younger Adults Take Charge of Estate Planning
Recent anecdotal trends show a new, positive shift among millennials and Gen-Z individuals. According to a recent article from Forbes, “Why Gen-Z Is Suddenly Creating Wills And Trusts—And You Should Too,” within recent months, more and more millennials and Gen-Zers who are being told to create an estate plan are actually going ahead and doing so.
Mothers Need More Than Flowers
Women were already more likely to experience the stressors of “sandwich generation” caregiving – providing assistance to a parent, while raising children. Women are more likely than men to withdraw partially or fully from the workforce when caregiving demands are high – negatively impacting their career advancement and retirement savings.
National Elder Law Month Facts
Every year since 1963, the month of May has been dedicated to recognizing the lives and achievements of older adults. The National Academy of Elder Law Attorneys (NAELA) supports this annual proclamation by increasing awareness of their work for and on behalf of seniors.
How to Protect Yourself from Online Fraud
Get a message offering help with a computer problem you didn’t think you had? It’s probably a scammer looking for your money and personal information.
Common Questions Concerning SECURE Act 2.0
The speakers touched on the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019, including the provision that a designated beneficiary must distribute the entire inherited IRA by Dec. 31 of the 10th year after the employee’s or IRA owner’s death (the 10-year rule), thus doing away with the stretch IRA for most beneficiaries.
When Should I Update My Will?
There are some obvious triggers that might prompt you to update your will, such as changes in health or marital status. There are, however, also some not-so-obvious ones to be aware of, according to financial planners and attorneys.
