Dear Trustee: “This is what I prefer…”
Although often misunderstood, trusts are commonly used to plan an estate. With the estate tax exemption nearly $12 million, the primary...
BEWARE OF THE SECURE ACT
In August we warned you that the Setting Up Every Community for Retirement Enhancement Act, better known as the Secure Act, was likely to...
If You Own an IRA or 401(k), Get Ready for the SECURE ACT
Because Congress has an insatiable appetite to spend (even when they have to borrow to do it), it seems it’s always looking for new ways...
Medicaid Figures for 2019
Every January, the Michigan Department of Health and Human Services (MDHHS) releases updated figures for Medicaid qualification....
The Long Term Care Challenge
A recent Bloomberg View article explores the implications of General Electric’s multi-billion dollar losses from its long term care...
Health Care Costs on the Rise
Despite the use of health care services remaining constant or even declining, spending on health care by Americans who get insurance...
Medicare Medical Savings Accounts
The Medicare Medical Savings Account (MSA) is possibly one of Medicare’s best kept secrets. According to a recent CNBC article, if you...
New Regulation to Target Elder Abuse
A new regulation from the Financial Industry Regulatory Authority (FINRA) went into effect earlier this month, as reported by Investment...
Reasons for the High Price of Home Care
Paul Osterman, a professor at the MIT Sloan School of Management, recently wrote an opinion piece in the Wall Street Journal where he...
The Coming Caregiver Crunch
A study released last month from Merrill Lynch and AgeWave (“The Journey of Caregiving: Honor, Responsibility and Financial Complexity”)...
