Monthly Archives: November 2019
Missed a Required Minimum Distribution? Here Is How to Fix It
The retirement years are supposed to be carefree—but what if you neglected to take the required minimum distribution (RMD) from one or more of your retirement accounts or took a distribution that was lower than required? This could be a costly mistake resulting in a tax penalty of 50% of the amount of the… Read More »
6 (Surprising) Myths About Long-Term Care
According to the U.S. Department of Health and Human Services, someone turning age 65 today will have a 70 percent chance of requiring some long-term care (LTC) service and support during the remainder of their life. In the case of women, the typical LTC need will last about 3.7 years compared to men who will… Read More »
6 Things to Watch Out For Before Signing a Nursing Home Contract
Suppose your mother can no longer make decisions for herself and she now needs nursing-home care. You are stressed and anxious. You’re now staring down a twenty-page, single-spaced nursing home contract. You wish you could flip straight to the last page and sign then and there, just to get it over with. Do not… Read More »
Adoption and Estate Planning: How to Take Care of Your New Family Member
November is National Adoption Month, which is aimed at raising awareness about adoption and the children who need permanent, loving homes. Thousands of children are adopted each year, bringing much joy to their adoptive families. If you are in the process of adopting or have recently adopted a child, it is a great time… Read More »