How to Protect an IRA From Heirs’ Creditors

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When a person declares bankruptcy, an individual retirement account (IRA) is one of the assets that is beyond the reach of creditors, but what about an IRA that has been inherited?  Resolving a conflict between lower courts, the U.S. Supreme … Read More

What Is the Difference Between a 401(k) and an IRA?

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The terms 401(k) and individual retirement account (IRA) are bandied about quite a bit when discussing retirement planning, but what are the actual differences between the two? The main distinction is that a 401(k) — named for the section of … Read More

Estate Planning in the Age of Stepfamilies

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More than 4 in 10 Americans have at least one step-relative in their family – either a stepparent, a step or half sibling or a stepchild — according to the Pew Research Center. The National Center for Family and Marriage Research … Read More

Six Things to Consider Before Making Gifts to Grandchildren

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Grandparents often are particularly generous to grandchildren as they see their family’s legacy continuing on to a new generation. In many cases, grandparents feel they have ample resources and their children or grandchildren may be struggling financially. Assistance with summer … Read More

Why You Should Use a Lawyer for Medicaid Planning

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Many seniors and their families don’t use a lawyer to plan for long-term care or Medicaid, often because they’re afraid of the cost. But an attorney can help you save money in the long run as well as make sure … Read More

Feeling Squeezed in the Middle of a Generational Sandwich? How to Take Care of Yourself as You Take Care of Others!

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Raising your kids, working, trying to take care of yourself, and now caring for an aging parent? That makes you part of the Sandwich Generation. You are not alone—almost half of America’s 40- and 50-year olds are in the same … Read More

Long-Term Care Costs Continue to Rise

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Genworth, a long-term care insurance provider, has just released the findings of its 2016 survey on the costs of providing long-term care. Not surprisingly, costs have increased since the 2015 survey. In fact, costs have steadily risen over the past … Read More

New Guides Help Those Appointed to Manage Someone Else’s Money

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Have you been officially asked to manage someone else’s money? For example, have you been named as an agent under a power of attorney or appointed trustee of a trust? As our society ages, more and more people are being … Read More

New Rules Will Make It Harder to Qualify for Long-Term Care Help From the VA

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The Veteran’s Administration (VA) offers a pension benefit to low-income veterans (or their spouses) who are in nursing homes or who need help at home with everyday tasks like dressing or bathing.  The pension, called Aid and Attendance, is currently … Read More

Four Social Security Myths Debunked

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There are a lot of misconceptions surrounding the Social Security system. Here are four common myths and the truth about how Social Security works and its future prospects. Myth 1: You Should Collect Benefits Early This is one of the … Read More

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