Increased dependency due to illness, disability or cognitive impairments can make seniors susceptible to financial abuse. Here are some steps seniors or their loved ones can take to prevent financial abuse.
Posts By Author: Robert BoydstunPage 4
Not What You Planned for Assisted Living
You realized that you no longer want to live in your own home. You wanted the freedom from having to make your own meals. You no longer wanted the responsibility for cleaning and maintaining your own home. You took your time to find the right assisted living facility for your style and needs. You moved… Read More »
Last Chance to Use File and Suspend Strategy for Claiming Social Security Benefits
Time is running out to use a potentially very lucrative Social Security benefits-claiming strategy. Spouses will no longer be able to use the “file and suspend” strategy after April 29, 2016.
How Likely Are You to Need Long-Term Care?
Planning for retirement and deciding whether to buy long-term care insurance would be a lot easier if you knew your odds of needing long-term care, as well as at what age and for how long.
Your Right to Refills If Medicare Drops Coverage of Your Drugs
Medicare prescription drug plans can change which drugs they cover, leaving you without coverage for a drug you need. Or you may switch plans into a plan that doesn’t cover your medication.
The Hardship Exception to the Medicaid Penalty Period: Rare But Possible
If you transfer assets within five years of applying for Medicaid, you will likely be subject to a period of ineligibility. There is an exception, however, if enforcing the penalty period would cause the applicant an “undue hardship.”
How Your IRA Can Benefit Both Your Heirs and Charity
Do you want to use your IRA to help a charity, but also benefit your heirs? Instead of leaving your IRA directly to your children, you can leave it to a charitable remainder unitrust (CRUT) while still benefiting your children.
Should an Annuity Be Part of Your Retirement Planning?
Annuities can be valuable retirement and longevity planning tools, but they are complex financial products that can be misused.
Guide to Thanksgiving Conversations
It’s Thanksgiving and you are spending time with your family and friends. It is a festive and happy time, perhaps a little stressful. You want to catch up with family members that you have not seen in a while, talk about the promotion you are getting at work and talk about your kids. Consider that… Read More »
Why Are Activities of Daily Living Important?
Most long-term care involves assisting with basic personal needs rather than providing medical care. The long-term care community measures personal needs by looking at whether an individual requires help with six basic activities that most people do every day without assistance, called activities of daily living (ADLs). ADLs are important to understand because they are used to… Read More »