New Law Makes Big Changes to Retirement Plans
A spending bill signed into law by the President contains major changes to retirement plans. The bipartisan legislation is designed to provide more incentives to save for retirement, but it may require workers to rethink some of their planning.
Feds Release 2020 Guidelines Used to Protect the Spouses of Medicaid Applicants
The federal government has released the 2020 federal guidelines for how much money the spouses of Medicaid recipients may keep, as well as related Medicaid figures.
Don’t Let Medicare Open Enrollment Go By Without Reassessing Your Options
Medicare’s Open Enrollment Period, during which you can freely enroll in or switch plans, runs from October 15 to December 7. Don’t let this period slip by without shopping around to see whether your current choices are the best ones for you.
The 2020 Social Security Increase Will Be Smaller than 2019’s
The Social Security Administration has announced a 1.6 percent increase in benefits in 2020, nearly half of last year’s change. The small rise has advocates questioning whether the government is using the proper method to calculate increases.
How to Deal With Student Loan Debt as You Age
The number of older Americans with student loan debt – either theirs or someone else’s — is growing. Sadly, learning how to deal with this debt is now a fact of life for many seniors heading into retirement.
A Tax Break to Help Working Caregivers Pay for Day Care
Paying for day care is one of the biggest expenses faced by working adults with young children, a dependent parent, or a child with a disability, but there is a tax credit available to help working caregivers defray the costs of day care.
What a Good Long-Term Care Insurance Policy Should Include
As long-term care costs continue to rise, long-term care insurance can help cover expenses, but long-term care insurance contracts are notoriously confusing. How do you figure out what is right for you?
How Parents Can Provide for a Caregiver Child
Taking care of a parent can be a full-time job. Parents who want to compensate a child who takes on the burden of caregiving may do so in one of several ways.
Report Ranks States on Nursing Home Quality and Shows Families' Conflicted Views
A new report that combines nursing home quality data with a survey of family members ranks the best and worst states for care and paints a picture of how Americans view nursing homes.
Window Closing for Couples to Use 'Claim Now, Claim More Later' Social Security Strategy
Spouses who are turning full retirement age this year are the last group who can use a strategy to maximize Social Security benefits by choosing whether to take spousal benefits or to take benefits on their own record.