A power of attorney, including a heath care power of attorney, are crucial estate planning documents. This is especially important if you have Alzheimer’s disease, dementia, or are suffering from another chronic and debilitating illness. Individuals who are widowed or alone should carefully consider who they can trust to manage…
A trust is an important estate plan document. Other estate planning documents include a last will and testament and intestate succession. Every state has laws that determine who your heirs are and what proportion of the estate the heir is entitled to receive. Heir refers to blood relatives and…
Creating a thoughtful estate plan is one of the greatest gifts anyone can leave their loved ones. It is important to update your will when major changes occur. These might include marriage, divorce, opening or closing a business, buying or selling real estate, or birth or death of an heir.…
If you have fewer than 35 Social Security credits and are married, you may be able to get your spouse’s requirement benefits if you are at least 62 years old and your spouse receives retirement or disability benefits. You are also able to apply for and receive Medicare at age…
If you are approaching retirement age, or are still in the middle of your career, understanding the Social Security program, and what income you can rely on when you retire will help you properly plan for your retirement. Social Security Credits + Full Retirement Age Eligibility for Social Security…
More than 30 million Americans are living with diabetes. Many types of insulin can be used to treat diabetes and are usually described by how they affect your body. According to WebMd, insulin is a hormone that your pancreas makes to allow cells to use glucose. When your body isn’t…
In the early 2000s it was common for groups of seniors in Michigan to travel to Canada by bus to buy cheaper prescription drugs. Church groups, community groups, and senior citizen groups routinely organized these trips to help people buy their prescription drugs. Prescription drug prices are the highest in…
There are many reasons, all quite valid, that people enter retirement with little to no savings. Prolonged medical illness, catastrophic life events, poor job prospects, or modest means, are just some of the many reasons that contribute to little to no retirement savings for many seniors. As children of such…
By now, many homes across the nation are decked out with holiday decorations. String lights are strung around trees, houses, and even apartment windows. Almost all retail shops contain some form of holiday decorations, from simple Christmas trees to menorahs, to elaborate Christmas towns. While for many people the end…
It is very tempting to turn 62 and claim Social Security benefits. Generating instant guaranteed income for the rest of your life is a seductive proposition. However, if you have very little saved or worse, no retirement savings, claiming Social Security benefits early can be devastating. There are instances where…