25 Jun
June 25, 2019

According to a recent study done by Fidelity, the average total costs of healthcare for a retired couple, aged 65 and living until ages 85/87, will be $285,000!¹ When people think about their retirement goals, they often overlook the expenses associated with keeping up their health. Being aware of your options and how you can fund this goal in retirement can help mitigate the possibility of having to give up your current lifestyle.

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20 May
May 20, 2019

Do you have a loved one who is disabled or who has special needs? Many times individuals with special needs rely on public benefits such as Supplemental Security Income (SSI), Medicaid, and other programs to help with living expenses. In order to retain eligibility for such benefits, the individual’s cash and investment assets may not exceed $2,000. This restriction often makes it difficult for special needs individuals to achieve a greater quality of life and financial independence.

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03 Jun
June 03, 2016

You may be able to receive subsidies from the government for your health insurance premiums. In order to make health insurance more affordable, the Affordable Care Act allows eligible individuals to receive a premium tax credit if they obtain health insurance through the Marketplace.

The Marketplace is a health care exchange that was established by the government under the Affordable Care Act and is also referred to as “Obamacare.” It was signed into law March 23, 2010. This legislation requires all

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13 May
May 13, 2013

Whoever said “there’s no such thing as a free lunch” was unaware how often I eat out at my friends’ expense. Of course, I understand that someone has to pay for the lunch; I just know that it’s usually not me. From a planning perspective, a “free lunch” might relate to the relatively unknown one-time IRA to HSA transfer. This rule allows an individual to transfer some of his or her tax-deferred IRA dollars to a high-deductible savings account. If

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27 Aug
August 27, 2012

After the Supreme Court ruling upholding the recent Health Care act, everybody is required to buy health insurance. Or are they?

People who earn less than $9,500 are exempt from the requirement; above those income levels, you would have to pay a tax that depends on your income level. There is a phase-in of rates from 2014 through 2016, but just looking at the 2016 rates, any person with taxable income between $9,500 and $37,000 would have to pay $695

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20 Apr
April 20, 2011

Over the past few months I met several clients whose parents were suffering from early stages of dementia. Clients painfully recount how mom and dad began to lose their ability to recognize loved ones. In addition to the emotional challenges, dementia can also have a tremendous impact on a family’s financial resources. How can you help protect mom and dad?

Identify the early warning signs of dementia – don’t be afraid to take action. In one circumstance the aging

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21 Dec
December 21, 2009

As the Senate is starting to debate the future of 17% of the US economy, the original premise for why we need to go down this path is far from clear. A main reason cited for the need to reform the current system is the poor ranking of US healthcare compared to other countries. The World Health Organization last published a list ranking 190 countries in the year 2000. The US ranked 37th, not as good as Canada or Costa

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06 Mar
March 06, 2009

A living will is a legal document that outlines the medical treatments you do (and do not) want should you encounter a serious life threatening illness. Living wills can communicate your wishes to your doctor and family even if you are not capable of communicating yourself. A living will is an advance directive meaning it should be given to your doctor before any care is given.

Living wills were brought to many people’s attention recently with the

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