These days some of us find that our largest asset is our 401k –from which we must take annual required minimum distributions (RMDs). No one likes the idea of watching their nest egg dwindle. What should you do with your 401k when you retire?
Thanksgiving is not all turkey and football. It is an opportunity to be thankful for all we have and thankful that we can meet again to see how our plans are working out. It is also a time when many people focus more on charity. If this is true for you, keep these three things in mind.
Are you applying for Medicaid? Maybe your situation is simple and you can handle the application yourself. Maybe you think the nursing home or a Medicaid planner will help you. Working with an elder lawyer will help you save more money in the long run.
Thanks to the National Defense Authorization Act of 2015, veterans can direct up to 50% of survivor’s benefits to a special needs trust. Read more for how they are funded and the requirements.
We all know that inflation will eat away at our Social Security and whatever pension or retirement account we may have. Few of us realize that rising medical costs will affect us even more. An increasing number of American retirees are filing for bankruptcy. They’re bankrupted by medical costs in retirement.