78% of Americans under the age of 36 do not have a will or a trust in place. Frankly, most millennials show little interest in estate planning. This can create quite the mess if you are ever (God forbid) involved in a tragic accident. As discussed in a Wealth Management article, planning your estate is […]
The Centers for Medicare and Medicaid Services (CMS) announced last week that Medicare Cards will no longer contain Social Security numbers. The new cards will use a randomly assigned “Medicare Beneficiary Identifier” (MBI) to replace the Social Security based Health Insurance Claim Number. CMS will begin mailing new Medicare cards in April 2018.
The Financial Industry Regulatory Authority (FINRA) has announced that the SEC has approved new rules that are specific to customers who are elders. Here is the FINRA summary: “SEC approved: (1) the adoption of new FINRA Rule 2165 (Financial Exploitation of Specified Adults) to permit members to place temporary holds on disbursements of funds or […]