Question: Do you know someone who MIGHT have to consider a nursing home placement within the next 5 years? Next Question: Is that fortunate person able to swing the $9,500 monthly bill? If you … [Read more...]
The Long Ignored Nursing Home Financing Mess
Based on a column first appearing in the Asheboro Courier-Tribune, January 26, 2018 What a mess. Nursing home care now runs around $8,500 monthly. Basically, there are three ways to pay for it: … [Read more...]
Protect Your Social Security Check From Creditors
Can Social Security be garnished? Can a debt collector take your Social Security benefits? The collector from the credit card company just keeps calling. “Look . . . pay these bills of your … [Read more...]
Naming A Trust As IRA Beneficiary: Great Idea? Bad Idea?
This is the most advanced topic I have written for my public readers. But it can be an important topic, so hang in there. According to conventional wisdom you should always name your spouse as … [Read more...]
Kill Your IRA. Get Away With Murder.
For many people, this may be a great time to kill a traditional IRA. Dismantle it. Take it down. Cash it in. Or at least start that process and save thousands of tax dollars doing it. Especially as we … [Read more...]
