Dear Ernie and Jannette, As part of my retirement portfolio, I have IRAs. I'd like to make the most of these accounts and save money on my taxes both now and in the future. Do you have any tips that could help? Thanks! Ira … [Continue reading]
Congress Reverses Recent Changes to the Kiddie Tax
The article below can be found at specialneedsanswers.com here. By Andy Jones A major bipartisan bill, signed into law by President Trump in December, includes significant tax changes for people with assets in a special needs trust for a … [Continue reading]
How Taxes Work if You Have a Paid In-Home Caregiver
Stacey, an only child, was an in-home caregiver for her ailing mother for several years. She lived with her mom and cared for her while she completed college and graduate school, and even after she got married. However, after three children, one of … [Continue reading]
New Exciting Technology Emerges for Seniors and Caregivers in the 2020’s
Q. I am a caregiver for my 80-year old mother who is in the early stages of dementia. I consider myself to be technologically savvy, but I am not quite sure what is out there that can help me in my role. You used to publish lots of articles on new … [Continue reading]
How Wearables Contribute to the Well Being of Older Adults
Dear Rune, I have read in many places the benefits of exercise, including staving off dementia and living longer. I decided to dust off my sneakers and get back out there. My son and his wife both have Apple watches and my granddaughter wears a … [Continue reading]
Researchers Find 102 Genes Linked to Autism
Tommy and Henry Stevens are identical twins who were born slightly premature and met their milestones later than others their age. As they became toddlers, they still didn’t say a word. Doctors explained to their mother that there was nothing to … [Continue reading]
How to Afford Assisted Living
Q. We are considering assisted living for my father in the not so distant future. He doesn’t quite need a nursing home yet, but he certainly needs more help than we can provide in the home. Although assisted living is not as expensive as nursing home … [Continue reading]
Are NORCs the Future of Successful Aging?
Dear Magic, I saw in our community newsletter that our neighborhood is considering becoming a NORC. We have a large population of seniors and various resources to help with transportation, meals, home care and more. What is being a NORC all about? … [Continue reading]
Turning 98: Betty White’s Secrets to Longevity and Lifelong Happiness
Happy 98th birthday to Betty White, Emmy-award winning actress and American icon! The lone surviving member of “The Golden Girls,” White was the oldest of the four leading characters; and many don’t know this, but she was originally cast as … [Continue reading]
The Five Biggest Things to Know About Medicare
Q. I am turning 65 this year and will qualify for Medicare. I want to make sure I do things properly when it comes to applying. For instance, do I have to wait until I'm actually 65 to start the process, or can I start ahead of time? Also, long-term … [Continue reading]
Can I Delay Enrollment of Medicare if I Have Not Yet Claimed Social Security?
Dear Oakley, I’m turning 65 and I have not yet claimed my Social Security benefits because I thought it would make good financial sense to wait. Can I choose to wait to enroll in Medicare as well? Thanks! Juana Waite --- Dear … [Continue reading]
When the Inheritance You Left Isn’t Wanted
Janet Reno, the nation's first-ever female attorney general, died a little over three years ago (on November 7, 2016) following a long battle with Parkinson's disease. Ms. Reno was born and raised in a small cottage home her mother built with her own … [Continue reading]
Getting Loved Ones the End-of-life Care They Deserve
Q. My mother is in her 80’s and has been in the hospital several times this year with pneumonia and urinary tract infections and has been suffering with Parkinson’s for decades. There have been times when I’ve visited her and a doctor hadn’t been in … [Continue reading]
Plan Ahead to Live Longer
Dear Hayek, I read somewhere that if you plan ahead for the end of life that you will live longer. Is this true? Thanks! Liv Lawnger --- Dear Liv, According to a recent study, what you say is true, but the study only applies to … [Continue reading]
Can You Still Live Alone if You Have Early-Stage Alzheimer’s?
When Kimberly was first diagnosed with Alzheimer’s disease, she took it as a devastating blow. She experienced the gamut of emotions anyone would feel after such a shocking discovery about oneself, including shock, denial, and depression. It took … [Continue reading]
Top 19 Articles of 2019
Those who read our newsletter or follow our blog know that we covered a lot of ground in 2019. This past year, the Federal Tax Act increased the federal estate and gift tax exemption from $11.18 million dollars per person to $11.4 million dollars per … [Continue reading]
What We Can Learn from Critter Corner Pets in 2020
Dear Magic, I have really enjoyed reading Critter Corner over the years. The pets at the Farr Law Firm sure are knowledgeable about things related to aging, elder law, estate planning, and special needs planning. I was wondering if you and some of … [Continue reading]
Parenting Your Parents: When They Won’t Accept Help
Allison's 80-year-old mother, Roberta, is a homemaker who raised four successful children. When her children were younger, her husband worked late and traveled a lot for his job, so she did everything from cooking dinner, helping with homework, and … [Continue reading]
SECURE Act is Signed into Law: Five Ways it will Change Retirement
Q. I heard that the Setting Every Community Up for Retirement Enhancement (SECURE) Act was recently signed into law and that it includes taxpayer-friendly measures designed to boost retirement savings. What are some of the ways the SECURE Act affects … [Continue reading]
Higher Gift Tax and Estate Tax Limits For 2020
Dear Angel, We have a few more days left in the year to make gifts but we may hold off until next year. I heard the gift tax and estate tax limits went up for 2020. What will they be for the coming year? Will they stay that way with the election … [Continue reading]
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