Florida Elder Law & Estate Planning Blog

QLAC Can Allay Fear About Outliving Your Money
June 17, 2023

A long life is a gift, especially if you are lucky enough to enjoy good health. But all those years present a challenge, too:  your money must last as long as you do. One strategy that may help you meet…

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…

life insurance
Why couples (and singles too) may want to hang on to life insurance, even after retirement
August 25, 2021

As couples retire and age, their thoughts often turn to giving up their life insurance. The premiums could cover other expenses. There are no longer little kids to consider.  They are collecting Social Security, or soon will be. They are…

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…

University graduate – at age 96
September 16, 2020

Age? Just a number for Giuseppe Paterno. On July 29, he became the oldest person ever to graduate college in Italy, reports Reuters. Paterno is 96. Born in Sicily in 1923 into humble circumstances, higher education wasn’t in the cards…

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…