The Problem with Annuities and How to Solve It (Part 3) #ProblemwithAnnuities
               Last week I outlined for you the advantages of the Pension Protection Act (PPA), #PensionProtectionAct which became effective in 2010. The government has provided some pretty significant tax advantages as an incentive for Americans to self-fund their long term care. As a result, insurance companies have created varied products
The Problem with Annuities and How to Solve It (Part 2) #Annuities
               Last week I was outlining the problem with annuities. What I am specifically referring to is the tax deferred status of annuities. While the growth inside these investments is not taxed until monies are withdrawn, they are taxed as ordinary income and if left to heirs there is no
The Problem with Annuities and How to Solve It
               It’s an issue that we see time and again. Many of our senior clients have annuities that they purchased years ago. In its simplest form, an annuity is an insurance contract into which you can reposition a lump sum to an insurance company and in return the insurance company
Home Based Medicaid – A Deceiving Benefit – Part 2 #HomeBasedMedicaid
           I told you last week that Jim’s dad was running out of money. Living at home with aides providing him with round the clock care, Jim was thinking that once the cash runs out he can apply for Medicaid under New Jersey’s home based Medicaid program #NewJerseyMedicaid.            Jim’s plan
Home Based Medicaid – A Deceiving Benefit #HomeBasedMedicaid
           Jim called because his dad was running out of money. Dad is living at home with two aides that provide him with round the clock care. He owns the home he lives in but only has approximately $30,000 of liquid assets left.            Jim figured home based Medicaid would be