Major Changes to Social Security in 2016
Budget negotiations between Congress and President Obama have resulted in some significant changes to Social Security that will take away some of the strategies that married couples can use to increase their benefit payouts. The “File and Suspend” strategy will be gone by May, 2016. Under this option the
I Just Got a Rate Increase on my Long Term Care Insurance Policy (Part 3)
Last week I was reviewing with you Jim’s dilemma. He received a notice of a rate increase frin his long term care insurance company. I went through with you the options outlined in that letter. For some people in Jim’s situation Option B may be the way to go,
I Just Got a Rate Increase on my Long Term Care Insurance Policy (Part 2)
Last week I was telling you about a call we get with increasing frequency. Jim received a letter notifying him of a rate increase of 60% on his long term care insurance premium. He wanted to know what he should do. The letter explained that the increase is not
I Just Got a Rate Increase on my Long Term Care Insurance Policy
It’s a call we are getting with increasing frequency. Jim just received a letter from his long term care insurance company that they are increasing his premium by a whopping 60%. If that’s not bad enough, the letter warns that he should expect further increases in future years. Jim
Estate Planning – Changing as We Age (Part 4)
Last week I was telling you why the New Jersey probate process can be easy but the tax waiver system designed to protect the State’s ability to collect estate and inheritance tax can tie up your money for years. That’s because the law requires financial institutions to freeze ½