Retirement is supposed to be the golden years. However, today the issue of how much money you need in retirement is becoming a much more complex issue. Although it is important to save for retirement, you shouldn't scrimp and deprive yourself for a retirement that may never happen. The big problem is running out of money while you are retired. … [Read more...]
Spousal Refusal And Medicaid Planning
In the States of Connecticut, Florida and New York spousal refusal to pay for a spouse's medical expenses can be an acceptable Medicaid planning technique. The spouse of an individual who goes into a nursing home and applies for Medicaid is referred to as the "community spouse." This spouse can keep approximately $3000 a month of the family's … [Read more...]
Retirement Planning for Single Americans
Who prepares better for retirement, married couples or single individuals? The answer is married couples. More than 85% of married couples have saving plans related to their retirement. This compares with only 67% of single individuals who have established retirement savings programs. Retirement Planning Americans who have worked during the course … [Read more...]
Borrowing Against Retirement Accounts
When Americans face financial stress they turn to their retirement accounts for liquid assets. Pensions, 401K plans and 403B plans are where Americans are turning to for quick infusions of cash. In this past year borrowing from retirement accounts hit new highs. It is estimated that more than 15% of all individuals who have money in retirement … [Read more...]
How will Raising the Medicare Age to 67 Affect You?
With the exception of the government, everyone will pay more money for medical insurance and medical benefits if the medicare age is raised to 67. A number of years ago, the Social Security retirement age for individuals born in 1960 or later was raised to 67. At the time they raised the social security age, they left the medicare eligibility age … [Read more...]
Easing Into Retirement
When Is The Right Time to Retire? It’s hard to say when it's right time to retire; however, it is easy to say it is the wrong time to retire. You shouldn’t retire unless you have sufficient funds to carry you through your golden years. In the past, most people retired in their sixties. With declining savings and living costs going up, many … [Read more...]
Fewer Family Practice Doctors
Fewer doctors in the United States are going into family practice. Solo medical practitioners involved in family practices are becoming scarcer. The American Academy of Family Physicians, in 1986, represented forty-four percent of the practicing doctors. As of 2008, only eighteen percent of practicing physicians are in family practice and that … [Read more...]
Retirement: What if You Haven’t Saved any Money?
Retirement is supposed to be a time of relaxation and enjoyment for Americans. The current economic situation in the United States may require a re-thinking of retirement issues. A recent study has shown that one in four individuals approaching retirement have saved nothing for their retirement years! The Employee Benefit Research Institute … [Read more...]
Medicaid and Legal Malpractice
Governor Cuomo has set up a medicaid re-design team. On the team, there are a number of hospital administrators. These administrators have used this opportunity to press for capping malpractice payment for hospitals. Governor Cuomo has decided to go along with the hospital administrators' request concerning capping malpractice payments in medical … [Read more...]
Dealing With Nursing Home Abuse of Senior Citizens
When you place a loved one in a nursing home, it is your hope that they are going to be cared for. The nursing home is responsible for meeting their needs for food, shelter and medical care. There has been a significant number of cases in recent years where nursing homes have not provided the high-level of care that is their obligation. In some … [Read more...]
