There is a lot of misinformation regarding the Medicaid rules. Much of this caused by often well-meaning individuals – friends, family, neighbors, etc. – who offer their Medicaid advice. Sadly, their advice is often wrong and with nursing homes costing on average over $8200.00 per month, such misinformation can cause significant financial hardship. To help protect yourself and your loved ones, here are some common Medicaid myths: [Read more…]
Starting at a young age, you planned diligently for retirement taking full advantage of your 401(k) and Roth IRA. You scrimped and saved for decades and having achieved your goals, you are now prepared to fully enjoy your retirement. What could possibly go wrong? [Read more…]
Gene Wilder, the star of many movies including Blazing Saddles, Young Frankenstein and Willy Wonka and the Chocolate Factory, recently died at the age of 83 from complications due to Alzheimer’s disease. It has been reported that he kept his illness hidden from many people for at least three years. Not surprisingly, experts say this is quite common and potentially risky. [Read more…]
An unfortunate fate for many small businesses is the sudden closing after the owner unexpectedly passes away. The absence of a solid business succession plan dooms many small business. A recent Forbes article titled, “Will you Go Down With Your Business?” lists a few questions that business owners should ask themselves:
- If I were to walk away from my business today, could it continue to function without a major disruption to profit?
- Am I prepared to transfer my business to a successor of my choosing?
- If I sold my business today, could my family live off the profit?