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Monthly Archives: November 2019

What to do if you miss a required minimum distribution on your retirement account(s)

Missed a Required Minimum Distribution? Here Is How to Fix It

By Andre O. McDonald |

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 »

Beware of these 6 myths about long-term care!

6 (Surprising) Myths About Long-Term Care

By Andre O. McDonald |

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 »

Beware of these 6 things commonly found in a nursing home contract

6 Things to Watch Out For Before Signing a Nursing Home Contract

By Andre O. McDonald |

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 create an estate plan that protects your new family member

Adoption and Estate Planning: How to Take Care of Your New Family Member

By Andre O. McDonald |

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 »

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For help with estate planning, special needs planning, elder law or Veteran's Pension Planning needs throughout Howard, Montgomery, Prince George’s, Anne Arundel, and Baltimore County; and Baltimore City, contact McDonald Law Firm, LLC.

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McDonald Law Firm, LLC

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