Monthly Archives: June 2023
Instead of Spending Down Your Assets to Qualify for Medicaid, Spend Them on Long-Term Care Insurance
The picture of retirement for the current cohort of working adults is anything but rosy. It is getting harder to find jobs that pay for retirement savings or offer pensions, so that means that anything that you save for the future has to come out of your take home pay. Therefore, if you are… Read More »
Seniors, Beware: Uncle Sam Is The Worst Landlord
No matter how high your income is, retirement means giving up the possibility of the bonuses and promotions that made some years more exciting than others during your working years. If not employment income, though, then what? Many current members of the workforce do not have the luxury of choosing among ways to diversify… Read More »
How To Transfer Property To Your Family Without Losing Your Medicaid Eligibility
Some estate planning advice can most charitably be called aspirational. Set up a revocable trust and transfer your property to it, so your vast fortune will not technically belong to you! Give away $27 million in personal gifts during your lifetime, so that your heirs will not have to pay as much tax on… Read More »