The article below appeared originally in The New York Times. It explains why long-term care planning is essential for middle-class Americans. The Karp Law Firm has been assisting clients and their families to meet this challenge for over 25 years,…
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Many of us will visit aging aging parents or other loved ones in Florida for the holidays. If you do not live nearby, this may be one of your few opportunities to assess first-hand how they are getting along and…
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The internet can be a great matchmaker. Many authentic romances, even marriages, have sprung up when people have met over the internet. Unfortunately, looking for love online has its dark side, too. The Federal Trade Commission reports that “sweetheart scams”…
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Who do you trust? Your brokerage, bank and other financial institutions want to know. When you open a new account, or update an account that was established before Feb. 5, 2018, they will ask you to provide the name of…
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How can you protect yourself from exploitation and financial abuse if you become incapacitated? These crimes can be hard to spot. After all, perpetrators go to great lengths to present themselves as helpers, not hustlers. Fortunately there are steps you…
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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…
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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…
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To help families make informed decisions when placing a loved one in a nursing facility, the Centers for Medicare and Medicaid Services maintains a “Nursing Home Compare” web site. This is a searchable database of skilled nursing facilities nationwide. It…
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The Internal Revenue Service is rolling out a new income tax form specifically for seniors. The 1040-SR is expected to be ready to use for 2019 filing. The 1040-SR includes several features intended to make filing easier for older adults. It is…
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Americans collecting Social Security benefits are slated to receive a cost of living increase in 2020. Benefits will increase by 1.6%. The average retiree’s monthly benefit will increase about $24, from $1,473 to to $1,503. Also, the Social Security tax…
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