If you have a loved one in a nursing home or assisted living facility, you would be well – advised to find out the facility’s readiness for a power outage as we head into hurricane season. After Hurricane Irma struck in…
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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…
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Beginning 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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In a significant development for Floridians seeking Medicaid long-term care benefts, the period during which retroactive benefits are available has been reduced. Beginning February 1, 2019 those qualifying for Medicaid long-term care benefits may receive benefits for a period of 30…
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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…
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Floridians are beginning to receive their new Medicare cards. Unlike the old cards, your new card will not display your Social Security number. Instead, you will have a unique “Medicare Beneficiary Number.” (Note that if you are enrolled in a…
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Many of our clients are frequent travelers who have accumulated significant reward points with one or more airlines. Naturally, they would like any miles that remain in their accounts at their deaths to go to loved ones. This topic has…
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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…
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Florida 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…
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On March 15, 2018 the Fifth Circuit Court of Appeals struck down the Department of Labor’s proposed fiduciary rule. As we reported in November 2017, that rule was intended to curb conflict of interest by financial professionals who offer retirement account…
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