Social Security serves as a federal initiative aimed at providing a support network for the elderly population of the United States. It serves to supplement retirement income. While in the workforce, you contribute monthly to this program. Once retired, you…
The presence of family establishes a steadfast social network and connection that significantly influences a senior's overall quality of life. Prioritizing family relationships provides continuity as older adults experience changes in their social network. Friends may change, become ill and…
To ensure a comfortable retirement, it's essential to reconsider your financial retirement portfolio. While you might have accumulated a substantial nest egg in a 401(k) plan, withdrawing money from it comes with significant tax planning considerations. In the early stages…
Estate planning is a vital process that encompasses the distribution of money and property after the passing of a loved one. Though many people are familiar with wills as a means of distributing assets, trusts can be even more effective.…
On May 11, 2023, the federal government officially terminated the Covid Public Health Emergency (PHE), consequently bringing an end to a provision of the Families First Coronavirus Response Act (FFCRA) that mandated continuous enrollment in Medicaid programs until the conclusion…
Nearly 75 million Americans receive health coverage through Medicaid, the nation's largest health insurance program, including children, pregnant women, parents, seniors, and the disabled. Medicaid is a federal program, but it's administered by the states. To participate in Medicaid, federal…
There are currently more than 51 million Americans over 65, and the number is steadily increasing. Medical and technological advancements allow seniors to live longer and better lives than ever before. The expanding needs of the US aging population are…
In 2006, the Pension Protection Act was the last significant change in retirement legislation until the Setting Every Community Up for Retirement Enhancement Act (SECURE) of 2019. The impact of the SECURE Act on some retirees, near-retirees, and their future…
We are living longer now than previous generations, which will prolong our retirement years. Since expenses, taxes, and inflation don’t go away simply because we retire, we need to make sure we have enough money to live comfortably while meeting…
In most cases, discussing the end of one's life is uncomfortable. Avoiding the subject is easier. Since we don’t want to talk about it, many of us don’t make plans for what we want to happen before or after we…