Florida Elder Law & Estate Planning Blog

SECURE Act 2.0 Expands Retirement Savings Opportunities
December 26, 2022

Congress has given retirement savers a nice holiday gift: The SECURE Act 2.0.  Tucked into the $1.7 trillion omnibus budget passed on December 23, SECURE 2.0 (Setting Every Community Up for Retirement Enhancement) creates new opportunities for retirement savers of…

Retirement Options Would Change Under Secure 2.0
April 3, 2022

Keep your eye on the on the Securing A Strong Retirement Act, aka Secure 2.0 (HR 2954). The bill passed the House on March 30 with overwhelming bipartisan support and now heads to the Senate. The bill attempts to make…

RMD’s Return This Year, More RMD Changes On Horizon
January 13, 2021

Many of the rules governing retirement accounts have changed over the last few years. Now, more changes have arrived or are on the way. Required Minimum Distributions Return In 2021 The Coronavirus Aid, Relief and Economic Security Act, passed in…

You now have until August 31 to reverse RMDs taken for 2020
June 24, 2020

The CARES Act of 2020 allows taxpayers to skip required minimum withdrawals from IRAs, 401k and 403b plans this year. The law was enacted on March 27, 2020. What about people who took their withdrawal prior to its passage, say,…

IRS gives more Americans access to corona virus-related penalty-free loans, distributions from retirement accounts
June 24, 2020

The CARES Act was designed to provide a measure of financial relief to Americans impacted by the coronavirus pandemic. The two-trillion-dollar legislation was passed on March 27, 2020. As noted in a prior post, among the law’s provisions is an…

CARES Act changes retirement account rules
March 27, 2020

The CARES Act (Corona Aid, Relief and Economic Security Act) signed into law on March 27 provides $2 trillion in relief for Americans impacted by the COVID19 pandemic. Among its many provisions, the law relaxes several rules for retirement accounts…

2020 U.S. Census Begins
2020 U.S. Census Begins
February 25, 2020

The 2020 census begins in mid-March. That is when the U.S. census bureau begins sending postcards to all U.S. households requesting their participation. You should receive the correspondence by April 1. This is the first time that households may provide data…

SECURE Act Makes Big Changes To Retirement Plans
January 2, 2020

The SECURE Act has just been signed into law and went into effect January 1, 2020. Short for Setting Every Community Up for Retirement Enhancement, the legislation makes sweeping changes to the rules for retirement plan savings. We are in the…

Portrait of an elderly woman sitting alone in a senior care facility
Medicaid Eligibility Rules Have Changed
January 1, 2020

Florida Medicaid has revised several eligibility criteria that must be met to receive benefits for long-term nursing home care. These changes went into effect on January 1, 2020. The Medicaid applicant’s gross monthly income cannot exceed $2,349 per month (was…

Beneficiary Designations: So Much Can Go So Wrong If They’re Not Right
November 2, 2018

I was contacted some months ago by  “Patricia.” She had read my Palm Beach Post article about 401K beneficiaries and it immediately reminded her of a situation that had occurred in her own family.  She suggested my readers would benefit…