Did you know that there may be instances where you are taxed on your Social Security benefits? Depending on what kind of retirement accounts you are drawing from there is a risk that your benefits could add to your total income increasing the amount you must pay in taxes. Here is some information to keep [...]
Social Security benefits are an important part of many people’s retirement finances. Because of this you want to be able to maximize the benefits that you are going to be receiving. Here are some tips that will help you maximize your benefits. […]
Did you begin collecting your social security benefits sooner than you actually needed to? If you did this means that you could be affecting the amount of benefits that you are going to be receiving later in life. Fortunately there is something that you can do. It is called a Start Stop Start strategy that [...]
Is renting a better option for seniors than owning? While renting does come with the high cost of rent, there are some benefits that come along with renting a place over owning. It may be for you or your elderly loved one. Take a look at some of the benefits to renting versus owning as [...]
One of the hardest things to face with an elderly loved one is the decline of mental function. There are many diseases that can affect the normal cognitive functioning of a person including dimension or Alzheimer’s disease. Knowing the warning signs of these diseases can help you recognize when your elderly loved one needs help. [...]
If you are looking to come in to the Stano Group’s offices to have an elder planning discussion, you might want to prepare ahead of time. Here are some things to bring with you when you are ready to sit down to prepare your elder planning documents. A List of Names You are going to [...]
You may not have a legally set up health care proxy form. One of the reasons for this is that you may be aware that a hospital, upon admitting you, will allow you to sign a generic health care proxy form to cover any decisions that might need to be made if you are in [...]
One of the most debilitating things that face our elderly loved ones is a cognitive decline. While there is a normal amount of mental decline in seniors, diseases like dementia and Alzheimer’s are crippling and can leave a family facing serious financial decisions. Having a plan can prevent the making of hasty decisions in an [...]
One of the effects of estate planning is being able to avoid probate. Some people enter estate planning with the goal of avoiding probate. This process can be complicated and takes some time and energy. Before you decide that it is right for you, you may want to look at some things that avoiding probate [...]
Long term care is something that many of us will face in our lifetimes. Even if it isn’t a personal experience, spouses or parents may be in need of long term care at some point in their lives. Knowing what to expect and how to plan for long term care can help alleviate stress and [...]