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Could Medicaid Payback Rules Come to an End?
January 2, 2023Medicaid, a program providing health insurance for low-income Americans, has a controversial estate recovery component. When Medicaid recipients pass away, states attempt to recover the funds spent on their medical care. This can lead to devastating financial consequences for families, especially those with lower incomes. U.S. Rep. Jan Schakowsky introduced the Stop Unfair Medicaid Recoveries Act to end estate recovery, but its immediate progress remains uncertain.
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Don’t Leave Your IRA to the IRS
January 2, 2023The tax and investment issues surrounding inherited IRAs can be complex, so consult with your tax and financial advisors before making any moves.
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Financial Caregiving
January 2, 2023We tend to only consider the physical aspect of caregiving: medication management, bathing, feeding, assistance with daily chores, etc. However, the financial aspect of caregiving, e.g., paying bills, handling banking, investment and insurance accounts, preparing and filing tax returns, is equally crucial.
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Help Protect Finances of Loved Ones With Alzheimer’s
January 2, 2023If you have a loved one showing signs of Alzheimer’s or another form of dementia, you’ll obviously experience some strong emotions—and you’ll likely ask yourself this question: What can I do to help?
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High School Graduation: A Good Time for Financial Planning
January 2, 2023Whether your child is graduating with their high school diploma or completing higher education, it’s important to help them plan for their financial future. You want to set a strong foundation for long-term financial stability by broadening their scope of financial literacy. Sharing the following tips can help prepare them.
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Is Long-Term Health Care Insurance Right for You?
January 2, 2023Rosa is nearing her retirement and is contemplating her future health care needs. She's come across long-term care insurance but isn't certain if it's a sound investment. Given the myriad factors to evaluate, making a choice can be overwhelming. In this piece, we delve into the intricacies of long-term care insurance and furnish you with the information to ascertain if it aligns with your needs.
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Long-Term Care
January 2, 2023If the person with Alzheimer's or other dementia prefers a communal living environment or needs more care than can be provided at home, a residential setting may be the best option. Different types of communities provide different levels of care, depending on the person's needs.
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