Home-Health-Care Factors for You to Consider: Tips for finding the best fit in caregivers to ensure quality care and comfort
Are you thinking about home health care as a solution to providing help with daily activities such as bathing, meal preparation, and housekeeping? Many older individuals benefit from receiving assistance in the comfort of their own homes, allowing them to maintain their independence longer. But, before you agree to at-home care, carefully consider all the…
Read MoreInherited IRA Rules & SECURE Act 2.0 Changes
Losing a loved one is always difficult. Understanding the rules of money passage during this time is especially important. One way wealth passes from generation to generation is through inherited IRAs. When it comes to these individual retirement accounts (IRAs), it’s important to understand the rules that have recently changed related to the Setting Every…
Read MoreJump Starting the LTC Conversation This Summer: When we turn 65, there will be a 70% chance of needing some type of LTC
Talking about long-term-care (LTC) can be challenging, and it can be especially difficult to know where to start. How you choose to broach the conversation may depend on your loved one’s personality, age, health status, cognitive function, and religious beliefs. If you don’t know how to break the ice, consider the following strategies to jump-start…
Read MoreAuto insurance rates are jumping the most since the 1970s, but there could be relief soon
Soaring auto insurance costs have been a principle driver behind inflation over the past year, but there could be relief on the way, according to Bank of America. The bank’s economists see several driving factors behind the run-up in costs to ease in the months ahead, possibly taking some of the heat off a category…
Read MoreHome Insurance Premiums Are Surging—and States Are Allowing It
By Jean Eaglesham from WSJ Home insurers are pushing for big rate increases and weakened consumer protections—and increasingly getting what they ask for. State regulators across the U.S. appear to be buckling to industry demands for fear that insurers will pack up and exit their regions, leaving residents with few coverage options. In the last 12…
Read MoreFewer Americans are buying life insurance. Here’s when you might need it
By: Greg Iacurci from CNBC Fewer Americans are buying life insurance than in the past, which suggests households may be at financial risk in the event of an unexpected death, experts said. About half, or 52%, of consumers had a life insurance policy in January 2023, down from 63% in 2011, according to the results of a…
Read MoreUnderstanding IRMAA and Why it Really Matters: For those in Medicare, IRMAA can have a big impact on healthcare costs
IRMAA, which stands for Income-Related Monthly Adjustment Amount, is a term that may not be familiar to everyone. However, for individuals enrolled in Medicare, IRMAA can have a significant impact on their healthcare costs. Here are the basics of IRMAA, why it matters, and how it can affect your Medicare expenses. What is IRMAA? IRMAA,…
Read MoreUnderstanding Today’s Private Health Insurance
In the complex landscape of healthcare coverage, individuals often find themselves navigating the options of private and public health insurance. While public plans, such as Medicare and Medicaid, are funded and administered by the government, private health insurance is provided by private companies. Let’s explore the realm of private health insurance, shedding light on its…
Read MoreDon’t Overlook These New RMD Rules for 2024: Learn about the 2024 guidelines related to required minimum distributions from qualified retirement accounts.
Your required minimum distributions, or RMDs, can impact other aspects of your financial life, like taxes or Medicare costs. Key Takeaways: Most closing costs are paid by the buyer, but some are the responsibility of the seller. Closing costs typically range from 2% to 5% of the home purchase price. Some first-time homebuyers may qualify…
Read MoreIs Retiring Abroad a Smart Financial Move?: Researching and planning will ensure your golden years are truly golden
With the rising cost of living, mounting health care expenses, and the relentless creep of inflation, retirement in the U.S. is becoming a costly affair. For many Americans, particularly those aged 35-55, the golden years might not seem so golden. But what if there was another way? For many, the idea of retiring abroad has…
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