The Coronavirus pandemic creates risks for Americans far beyond getting infected with COVID-19. If you are close to retirement age and recently lost your job, there is a good chance you may not find work again. The Great Recession (2007-2009)…
The future is a big unknown for everyone. Significant uncertainty abounds as to the outcomes of US tax legislation proposals. Estate and gift tax exemptions may get cut in half or not, and whatever happens will likely affect all deaths…
If you want to become a self-made millionaire and you are a millennial or younger, there is a path you can follow to make this a reality. It does not require a unique set of skills, specialized knowledge, or even…
The World Health Organization (WHO) officially named the 2019 Coronavirus outbreak on February 11, 2020. The coronavirus disease 2019 shortly after became known by its abbreviation, CO for corona, VI for virus, D for disease, and 19 for the year…
My uncle got critically ill and ended up in the hospital. Back in 2002, he named me as his financial power of attorney, so I could write checks on his bank account when he couldn't, like now. But the bank…
Envision your loved one is no longer being able to care for themselves and now need to be cared for in a nursing home facility. You are stressed and anxious. The nursing home puts a twenty-page, single-spaced contract in front…
Many elderly Americans suffer from Alzheimer’s disease, a progressive neurologic disorder marked by a steady decline in cognitive, behavioral, and social skills. Initial symptoms are often mistaken for normal aging and include problems with language, mood swings, disorientation, loss of…
Unfortunately, it is fairly common that seniors fall victim to financial scams. Sadly, the elderly are often taken advantage of by strangers — and sometimes even their own family members. That’s why it’s important that planning is in place to…
The Fifth Circuit Court of Appeals found that the U.S. Labor Department’s fiduciary rule is no longer protected or able to be enforced. The fiduciary rule required financial advisors to act solely in their clients’ best interest as it related…
The Elder Abuse Prevention and Prosecution Act was designed to combat the growing epidemic of the elderly being taken advantage of financially and abused physically. A study conducted by the National Council on Aging indicates that approximately 1 in 10…