Required minimum distributions are complicated. It’s easy to slip up and make a mistake when trying to understand the rules around required minimum distributions.
Luckily, if you do make a mistake, there are steps you can take to remedy the issue and avoid a harsh penalty. Continue Reading How to Fix a Required Minimum Distribution Mistake
Those receiving social security income, approximately 70 million Americans, will be seeing a slight increase in their monthly payments this year. With a 1.3% cost-of-living adjustment (cola), the Social Security Administration has shared that individual recipients will see their monthly benefits going up by about $240 a year. Continue Reading A Modest Social Security Increase for 2021
Estate planning helps ensure your financial and personal assets are distributed according to your wishes if you are incapacitated or after your passing. While it’s an important task for everyone, estate planning carries special significance for unmarried couples. In this article, we’ll explain why estate planning in Bucks County, PA is particularly critical for unmarried couples and provide a step-by-step roadmap to ensure peace of mind.
Continue Reading Estate Planning Essentials for Unmarried Couples in Bucks County, PA
What is Estate Planning?
Estate planning is the process of getting your personal and financial affairs in order in the event you become mentally incapacitated or die. The basic documents of your estate plan will include a last will and testament, a power of attorney and a living will. Continue Reading What Is Estate Planning and Why Do I Need It?
According to new research, raising the minimum wage by as little as 10 percent would significantly improve the safety and health of nursing home residents. A visiting scholar at the Minneapolis Federal Reserve, Krista Ruffini recently published her findings on the impact of increasing the minimum wage on nursing home quality and turnover. She compared facilities in hundreds of U.S. counties that increased their minimum wage between 1990 to 2017 with those that had not. In this article, we will summarize Ruffini’s findings and shed light on the suggested implications for nursing home residents.
Continue Reading A Modest Raise for Nursing Home Workers Could Save 15,000 Lives
Guardianships can be crucial to protecting the needs of vulnerable elderly or disabled adults. Understanding the differences in the two types of guardianships makes it easier for you to make plans in the event of a loved one’s incapacitation. Pennsylvania recognizes two types of guardianship that address different needs.
There are many uncertainties regarding COVID-19’s impact on long-term care planning in Bucks County, PA. Its effect on long-term care insurance policies is among the many swirling questions. For instance, if you do not have a policy, you may wonder if the pandemic will make it more difficult to get one. If you have a long-term care insurance policy, you may wonder whether the pandemic could change the policy’s rules.
In this article, we will share some of what we know about the pandemic’s effect on long-term care insurance, depending on whether you already have a policy.
Continue Reading How the pandemic may affect long-term care planning in Doylestown, PA
Access to affordable medical care is increasingly more important during a health pandemic. One of the bills passed by Congress in response to the coronavirus pandemic increases Medicaid funding for states. The bill also includes a provision preventing states that accept the additional money from terminating eligible Medicaid benefits while the current coronavirus pandemic continues.
Continue Reading States Can’t Terminate Medicaid Benefits During Coronavirus Pandemic
Quite a lot, really:
Elder law in Bucks County is not something that is only meant for senior citizens. Sooner or later, anyone who has a family or who is worried about controlling their health or their financial situation could use the services of an elder law attorney.
Continue Reading ELDER LAW IN BUCKS COUNTY: What can an elder law attorney do for you?
Would you turn down $100,000 if someone offered you that sum?
You might be doing just that if you make the wrong choices regarding your Social Security.
A recent report by the financial planning firm United Income found that very few seniors are making the optimal financial decisions about Social Security and are losing out on more than $100,000 per household as a result. The average Social Security Recipient would receive nine percent more in retirement income if they made the right decisions.
Continue Reading Don’t Take Social Security at the Wrong Time