How Likely Are You to Need Long-Term Care?

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Planning for retirement and deciding whether to buy long-term care insurance would be a lot easier if you knew your odds of needing long-term care, as well as at what age and for how long. Unfortunately, there’s no definite answer. … Read More

Beware of Non-Lawyers Offering Medicaid Planning Advice

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In recent years a number of non-lawyers have started businesses offering Medicaid planning services to seniors. While using one of these services may be cheaper than hiring a lawyer, the overall costs may be far greater. If you use a … Read More

Avoiding Pitfalls When Forced to Start Breaking Your Retirement Piggy Bank

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The oldest of the 75 million baby boomers have begun turning 70 in 2016. Becoming a septuagenarian is a milestone in itself, but it also means that soon the IRS will likely be expecting you to start cashing out your tax-deferred … Read More

Understanding the Tax Consequences of Inheriting a Roth IRA

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Passing down a Roth IRA can seem like a good idea, but it doesn’t always make the most sense. Before converting a traditional IRA into a Roth IRA to benefit your heirs, you should consider the tax consequences. Earnings in … Read More

How to Use IRA Savings to Buy Long-Term Care Insurance

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Long-term care insurance (LTCi) is an important element of good retirement planning, since it offers financial protection against unexpected illness or disability that would otherwise eat into savings. However, many LTCi plans are simply too expensive for most retirees or … Read More

Relief From Medicare’s Part B Late-Enrollment Penalty Offered to Some

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Medicare is offering relief from penalties for certain Medicare beneficiaries who enrolled in Medicare Part A and had coverage through the individual marketplace. For a short time, these individuals will be able to enroll in Medicare Part B without paying … Read More

What is a Certified Elder Law Attorney (CELA), and Why Does it Matter?

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A CELA is a lawyer who has met the high standards required for certification as an elder law specialist by the National Elder Law Foundation. In order to attain certification as a CELA, lawyers are required to pass an elaborate … Read More

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