Those approaching age 65 should begin their homework to determine which type of Medicare plan will work best for them. Your Medicare election may be more complicated than you realize, as there are several different options depending on your unique situation. First, you must choose between traditional Medicare and a Medicare Advantage plan. Traditional Medicare […]
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Entries by WGAlaw
This past week on our radio program, “Asset Protection Today,” on Talk Radio 850 WPTK (AM) with Attorney Bill Alexander, we were delighted to welcome Humorous Motivational Speaker Dr. Charles Petty. Dr. Petty has been inducted into the National Speakers’ Association’s Speaker Hall of Fame. In addition, he has spoken in 50 states and 14 […]
This past week on our radio program, “Asset Protection Today,” on Talk Radio 850 WPTK (AM) with Attorney Bill Alexander, we were delighted to welcome Denny Marcin, a Financial Advisor with the McCarthy Group of RBC Wealth Management located in Raleigh. Denny and his team help clients grow their wealth and plan for retirement. Denny’s […]
It seems that everyone wants to sell you an annuity for every situation. While annuities sound like safe investment options, they aren’t nearly as good as they sound. Annuities are often complicated legal contracts that consumers do not fully understand. People just don’t know what they’re purchasing. In essence, you are giving up control of […]
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 […]
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. […]
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 […]
Many seniors don’t know about the North Carolina specific government assistance program known as Special Assistance. This program is available to those who fall below a specific income cap who live in an Assisted Living facility. Sometimes, our clients are confused about the various levels of care. You can receive home care, care in an […]
If you haven’t seen your loved one in some time, you may notice that his or her cognitive and physical capabilities have declined when you next see him or her at family gatherings. If you believe that your loved one may need assistance, be sure to consult a professional, such as a Geriatric Care Manager or […]
It’s important to understand the quirks of the Social Security system if you are planning to retire soon. If you’re approaching 62 or older and have not started withdrawing your Social Security benefits, go online and establish an account with the Social Security Administration at http://www.ssa.gov/retirement/retirement.htm. This website will help you determine where you stand […]
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