Category Archives: Retirement & Finance

Bad at budgeting? These tips might help

Like all responsible adults, seniors should manage their finances with a budget. It is important for everyone to know just where they stand, how much they owe and what they can afford to spend. If anything, this is more important for seniors than it is for younger people. The National Council on Aging reports that […]

These are the 5-Star Medicare Advantage Plans for 2021 in Florida


If you are a Medicare patient, you have undoubtedly noticed a recent torrent of ads from Medicare insurance providers. This is an annual event, coinciding with Medicare’s Open Enrollment Period, which runs from October 15 to December 7 of each year. During this period, seniors can easily sign up for a new plan, switch plans […]

Are your Social Security benefits taxable?


Will you have to pay income tax on the Social Security benefits you receive? It depends on many variables. The IRS uses a measurement called “combined income” to determine if you need to pay taxes on any part of your Social Security benefits. Combined income is made up of two parts: 50% of your Social […]

Plan now for the 2021 Medicare open enrollment period

medicare open enrollment

Medicare’s Open Enrollment Period (OEP) runs from October 15 to December 7 of each year. The choices made during that time become effective the following January 1, remaining in effect for the coming year. During the OEP, Medicare patients may make changes that can substantially affect the way they receive and pay for medical care. […]

Why tax-deductible items are not what they appear

doing taxes

| Written by Brett Porter, EA for Winter 2020 Edition of Magazine | Every year you hear it. You may even say it yourself. “I can just write it off on my taxes,” but can you really? Most people are completely confused as to whether or not all their tax deductions are even making […]

New law allows seniors to establish IRAs after 70

money tree

| Written by Linda D. Carley, Attorney and Former Judge for Spring 2020 Edition of Magazine | A new federal law has expanded the ways seniors may contribute and withdraw monies from their retirement accounts. Under the SECURE Act (Setting Every Community Up for Retirement Enhancement) just signed by President Trump and effective January […]

Will vs. Trust—How Do You Decide?


The difference between a will and a trust is that a will details how you want your assets to be distributed once you die and a trust is how you want your assets controlled while you are alive. A trust is where your house and large expenses are held and it keeps the details of […]

The Open Enrollment Period for Medicare 2019 will last until December 7, 2018

The decisions you make during this period will determine what type and how much insurance coverage you have during all of 2019! Do not wait to make this extremely important decision.  Have you investigated the extras provided by Medicare Advantage Plans? Do you know which plans have network requirements, include drug coverage or offer benefits […]