Elder Law News
Powers of Attorney 101: How to Choose Your Agents
Both a Medical Power of Attorney and a Financial Power of Attorney (POAs) are essential estate planning documents, but who you choose as the agent in each is even more critical. Your agent is the person who will be entrusted to act on your behalf when the POA is invoked. We’ve all read the horror…
Read MoreMedicare Drug Cards May Be Sent Out in January
President Trump’s plan to send $200 drug-discount cards to Medicare beneficiaries has cleared one hurdle, but it isn’t certain that the administration will have enough time to actually get the cards in the mail. When Trump announced in September his intention to send out the cards as a campaign promise, the idea sparked controversy both within and outside…
Read More8 Tips for Having 'The Talk' with Elderly Parents
Talking about estate planning is a difficult, emotional topic but it’s essential for every family. These eight tips can help you discuss the hard topics thoroughly and respectfully and prepare you for the road ahead.
Read MoreHow Does the Coronavirus Relief Bill Affect Seniors?
The $2 trillion economic relief package that Congress passed to help Americans deal with the devastating financial impact of the coronavirus pandemic contains some provisions that affect seniors.
Read MoreNew Law Makes Big Changes to Retirement Plans
A spending bill signed into law by the President contains major changes to retirement plans. The bipartisan legislation is designed to provide more incentives to save for retirement, but it may require workers to rethink some of their planning.
Read MoreFive Tips for Starting Retirement Planning in Your 50s
If you are nearing your 50s without a post-retirement plan, this is an opportunity to plan judiciously and start saving for your retirement. Here are five strategic steps for achieving this.
Read MoreWhat Is Asset Protection Planning?
Asset protection planning is about protecting your assets from creditors — and it is not just for the super-wealthy.
Read MoreA Tax Break to Help Working Caregivers Pay for Day Care
Paying for day care is one of the biggest expenses faced by working adults with young children, a dependent parent, or a child with a disability, but there is a tax credit available to help working caregivers defray the costs of day care.
Read MoreA Final Retirement Account Distribution Must Still Be Made After Death
Federal law requires that after you reach age 70 1/2, you must begin withdrawing a minimum amount
from your retirement accounts. But what if you die after age 70 1/2 and before all the account funds have been distributed?
The Little-Known Tax on Roth 401(k) Distributions
There are two main types of employee retirement savings plans: the traditional 401(k) and the Roth 401(k). Distributions from a Roth 401(k) are usually tax-free, but there is a little-known situation where distributions can be taxed.
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