Shana and I recently had a new client, “Jane,” that came to see us because she was concerned about her elderly parents. Both are in their 90s and although they are still living independently, she is noticing both a physical and cognitive decline in both. She described them as having “one foot on the banana…
Estate Planning: What Does the SECURE Act Mean for You and Your Retirement?
The SECURE Act signed into law last week is the most important retirement legislation in over a decade. The overall goal of the SECURE Act was to make saving for retirement easier and more affordable. What’s New? One major change is that the age that individuals must start taking their minimum distributions from retirement accounts…
What Family Caregivers Need to Know About Medicaid and How It Could Help Them Financially
Approximately 20% of adults in the United States provide care to their parents or other adult family members. These caregivers provide an astonishing 34 billion hours of unpaid care. The economic value of this care is approximately $470 billion. Since most of these caregivers are also juggling paid jobs with their caregivers, they don’t have…
Stepping in or Overstepping? Identifying When Help Is Needed During Holiday Visits
It’s that time of year: holiday music, traffic, and annual pilgrimages to see parents, aunts, and uncles who live far away. As more seniors are living longer, more are living alone. This increases their risk of abuse and neglect. The holidays are a good time to check on our loved ones and assess what assistance…