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Four Social Security Myths Debunked
There are a lot of misconceptions surrounding the Social Security system. Here are four common myths and the truth about how Social Security works and its future prospects.
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Article
Nursing Home Care Costs Are Only Slightly Higher in 2016
The median cost of a private nursing home room in the United States has increased slightly to $92,378 a year, up 1.24 percent from 2015, according to Genworth’s 2016 Cost of Care survey, which the insurer conducts annually.
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Article
Lack of a Will Could Mean Chaos for Prince’s Estate
The famed recording artist Prince died leaving an unknown fortune and possibly no will or estate plan to dictate what to do with that fortune. Prince’s sister, Tyka Nelson, told the probate court in the Minnesota county where Prince lived that her brother did not have a will, which means his estate could be in court for years and exhaust millions of dollars in court fees and unnecessary taxes.
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Article
New Rules Provide Protections for Retirement Savings
The Department of Labor has issued new rules aimed at helping those saving for retirement. The rules are intended to prevent financial advisors from steering their clients to bad investments that offer higher payments to the advisor by requiring financial advisers to act in the best interests of their clients.
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Article
Four Steps to Take Right After an Alzheimer’s Diagnosis
If you or a loved one has been diagnosed with Alzheimer’s disease, it is important to start planning immediately. There are several essential documents to help you once you become incapacitated, but if you don’t already have them in place, you need act quickly after a diagnosis.
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Article
Getting Funeral Pricing Information Is Difficult, Survey Shows
If you’ve lost a loved one, the last thing you want to do is spend a lot of time researching funeral homes to find the best prices. Unfortunately, funeral homes do not make it easy to figure out how much a funeral will cost. A survey by two consumer groups found that prices between funeral homes varied widely and getting information about pricing was difficult.
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Article
Avoiding Pitfalls When Forced to Start Breaking Your Retirement Piggy Bank
How you structure the required minimum distributions can have a profound effect on your own retirement and on what you leave your heirs.
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Article
Beware: Your Estate May Contain an Unnecessary Bypass Trust
A once-popular estate planning tool may now cost families more in taxes than it saves. Changes in the estate tax have made the “bypass trust” a less appealing option for many families.
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Article
Problems with Guardianship Abuse Leading to Calls for Reform
A growing problem with adult guardianship abuse is causing calls to reform the system. Vulnerable elderly can get caught in the guardianship system, being harmed and exploited by the very process that is supposed to protect them.
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