The revisions to the Sanction Guidelines come after both FINRA and the National Adjudicatory Council (NAC) reviewed the current guidelines and expressed concerns over potential undue influence exercised over senior investors or those investors who may not be able to protect their own interests.
The Social Security Administration announced last month that the cost-of-living adjustment for retirees receiving Social Security benefits would increase by only 1.3 percent in 2021, the second year in which adjustments had been lower than the year before.
A revocable trust is great for many reasons, but it does NOT protect assets from nursing home expenses.
The availability of long-term care insurance policies is continuing to decline, even as the need for such care is growing, an interagency task force led by the Treasury Department has said.
Open enrollment for Medicare Advantage plans and Part D prescription coverage starts on Oct. 15 and ends on Dec. 7. Resist the temptation to automatically reenroll in the plan you have. Doctors and networks can change. Failure to keep up with these changes could lead to higher costs.
Most people become eligible for Medicare during the months around their 65th birthday. If you don’t sign up for Medicare during this initial enrollment period, you could be charged a late enrollment penalty, for as long as you have Medicare.
One in four American adults live with a disability, according to the Center for Disease Control. One in 10 adults over the age of 65 has Alzheimer’s or dementia, according to the Alzheimer’s Association.
If you are turning 60 in 2020, the pandemic could do more than interrupt your party plans. It could also lower the amount you’ll receive when you file for Social Security.
The value of long-term care insurance (LTCI) is an ongoing conundrum. There’s no doubt we’re living longer. According to LongTermCare.gov, a site provided by the U.S. Department of Health and Human Services, at least 70 percent of people 65 and older will need long-term care services and support at some time in their lives.
You have a few options when it comes to affording the large expense that is long-term care.
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