Monthly Archives: October 2014

20 Oct

Making the Most of your Social Security Retirement Benefits

In order to make the most of your Social Security retirement benefits, it’s important to do research and plan ahead prior to withdrawing. Otherwise, you can leave thousands of dollars on the table over the course of your lifetime. Deciding when to withdraw your benefits involves both math and good judgment. You should base your

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13 Oct

Maximizing your Medicare Election

As seniors near age 65, there are often important decisions that they must make about their Medicare election. Unfortunately, most people fail to seek good advice about maximizing their benefits under this program. Medicare is not automatic; you must sign up and make elections inside the system. These elections can be more complicated than you

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06 Oct

The Importance of “Admitted” Patient Status for Medicare

Many families don’t know how crucial it is to demand that the hospital “admits” their loved ones (as opposed to keeping them on “observation” status). If you’re not admitted to the hospital for three nights, Medicare will not cover any post-hospital rehabilitation. Your status in the hospital can affect your health insurance coverage, as well.

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02 Oct

Recent Changes Could Affect your IRA Planning

New changes in the law could affect your IRA planning. The U.S. Supreme Court recently held that IRAs in the hands of your children or grandchildren are no longer protected assets from their creditors. In North Carolina, an IRA is protected from creditors for the owner and his or her spouse. If you have a 401k, it

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