How Is Social Security COLA Calculated?

For the average recipient, the 2021 monthly increase doesn’t even cover a fill-up at the gas station — but it beats nothing.

Is Medicaid the Answer to Rising Costs?

Planning for long-term care can be an intimidating process, especially when it comes to decoding the specifics of resources, like Medicaid and Veterans Pensions. Working with the help of an experienced elder law planning attorney allows people to prepare for the future and save time, money and stress.

What Happens to My Mortgage When I Die?

Understanding what happens to your debt when you die is an important part of estate planning—and you don’t have to be rich to have an estate. Everything you own and owe makes up your estate. For many people, that includes a house with a mortgage.

What Taxes are Due When Children Inherit Home?

My sister passed away. Her only possession was her home, which still has a mortgage and she left it to my son and daughter, her niece and nephew. What inheritance tax will there be?

Should I Consider a Reverse Mortgage?

Reverse mortgages continue to be one of the most misunderstood retirement and long-term planning tools. Many myths surround the reverse mortgage program.

Do I Need to Pay Taxes on Life Insurance Proceeds?

Knowing when life insurance is taxable and how to avoid taxation can help families ensure their loved ones get all of their policy’s proceeds.

What Social Security Mistake Looms for Married Seniors?

Claiming Social Security prior to full retirement age (which falls between 66 and 67, depending on your year of birth) means slashing your monthly benefits for life. However, in some cases, it does pay to file early.