2019 is the last year that a married person achieving full retirement age can file a restricted application. This Social Security – maximizing strategy, commonly called Claim Now, Claim More Later, is available to those born before January 2, 1954. The strategy…
moreBeginning in 2019, you will be able to save more in your retirement plans. 401(K) PLANS, 402(B) PLANS, AND MOST 457 PLANS If you are under 50 years old, the annual contribution cap is $19,000 (was $18,500). If you are…
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After several years of review, the Veterans Administration has finally introduced a look-back period for asset transfers, effective October 18, 2018. Any asset transfers made before October 18 are NOT included in the look-back period. Aid & Attendance benefits, formally…
moreSince the Department of Labor’s fiduciary rule for retirement accounts was struck down, the Securities and Exchange Commission has been working to create its own best interest rule. Called Regulation Best Interest, the SEC’s thousand-page proposal would apply to all accounts,…
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ABLE (Achieving a Better Life Experience) accounts allow individuals with disabilities to save in a tax-advantaged account without jeopardizing eligibility for Medicaid or other federal benefits. Funds in an ABLE account may be used only for qualified disability-related expenses and…
moreFlorida has passed the Electronic Documents Act (HB 409). Signed by Gov. DeSantis on June 7, 2018, it allows for electronic signing, witnessing and notarization of wills and other estate planning documents, and outlines strict standards that must be followed…
moreOur law firm is co-sponsoring this wonderful event!
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With bipartisan support, the Senior Safe Act was enacted into law on May 24, 2018. Part of the broader Economic Growth, Regulatory Relief and Consumer Protection Act, the new law provides seniors greater protection from financial exploitation. The law grants…
moreThe U.S. Senate Special Committee on Aging has issued a new report, Fighting Fraud: Senate Aging Committee Identifies Top 10 Scams Targeting our Nation’s Seniors. The report is based on the complaints received by the committee’s national fraud hotline, 855-303-9470….
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As we noted last month, the U.S. Court of Appeals vacated the proposed Department of Labor fiduciary rule that requires advisors who provide guidance on retirement accounts to act solely on the basis of their clients’ best interest. The Department…
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