Medicaid is a federal state program, which means every state is different. It is a means tested program intended to be a safety net. It serves, low-income older adults, as well as the disabled, and families with children.

Both let you sell a life insurance policy. They are regulated by each state’s insurance commission. However, not all states regulate them, and may regulate them differently. The downside of both is that there is little or no death benefit for heirs.

We don’t endorse specific sources and services. That said, some we do find useful. We do recommend consulting a qualified attorney, particularly if your situation is complicated.

Financial Fraud is a growing problem affecting all age groups and demographics. It can be identity theft, medical identity theft, using a stolen credit card to make purchases, or other ways of using your good name to benefit someone else, such as applying for a credit card, bank account, or even a mortgage using your identity and credit score.

It is important to understand that doctors and medical establishments are covered by HIPAA. But that coverage does not extend to non-medical personnel or facilities. As a result, while it extends to the medical plan your employer may offer, it does not extend to the employer’s records.

Yes, it is highly likely to impact everyone’s career. The need for support and care surrounds
everyone, starting with themselves. Sometimes it’s a short-term need, but often it extends for
years.

It is a multi-step process. The first step is to create a medical “emergency” fund. This ensures that you can afford the deductible, coinsurance, and co-pays in a pinch. You are effectively self-insuring your part of the medical risk, but don’t dip into it unless you absolutely must.

There are two categories of gifts, those that don’t use exemption and those that do.

The rules are straight forward. There’s a $12.92 million (in 2023) lifetime limit before a gift tax applies. For any gifts over $17,000/person, you must file Form 709, but you don’t pay taxes until you exceed $12.92 million in total. For couples the limits are effectively doubled.

There is a huge and constantly changing range of options, but what people want most is to “age in place at home”. They want independence in, and control of, their environment, and they want as much as they can afford and manage. The two key variables are independence and cost, and everyone must solve for what they can comfortably manage.

First and foremost, take control of what you can control, start with the behaviors in the pillars of health and wellness; emotional and behavioral health, exercise, nutrition, relationship health, and self-care. Identify good habits and behaviors and eliminate bad ones. Treat health like the limited commodity it is.

First and foremost, take control of what you can control, start with the behaviors in the pillars of health and wellness; emotional and behavioral health, exercise, nutrition, relationship health, and self-care. Identify good habits and behaviors and eliminate bad ones. Treat health like the limited commodity it is.

There are two categories of gifts, those that use the gift tax exemption and those that don’t. These use the exemption. Ideally there’s a conversation about “how” a gift is used.