September 2024

IRS Finalizes 10-Year RMD Rules for Inherited IRAs

After much anticipation, the Treasury Department and the Internal Revenue Service (IRS) have issued final regulations relating to the 10-year required minimum distribution (RMD) rule for people who inherit individual retirement account (IRA) assets.

Proper Estate Planning Reduces Issues of Probate

Sound estate planning can make the probate process run efficiently and smoothly, protecting your estate's value and legacy and preserving your family's well-being. An attorney can help mitigate the risks.

What Is a Trustee in Estate Planning?

A trustee is the person or institution appointed to manage a trust on behalf of beneficiaries of the trust.

Funeral Arrangements: How to Make Your Wishes Known

How can you make sure your funeral and burial wishes will be carried out after you die? It is important to let your family know your desires and to put them in writing. Just don't do it in your will.

What You Should Know About the Medicare Tax

Medicare tax is an essential component of the United States tax system. It plays a crucial role in maintaining the solvency and functionality of the Medicare program.

The Loneliness Epidemic: Helping Seniors Stay Connected

Failing to maintain and make new meaningful connections as older adults age can lead them toward a deep sense of loneliness. This can affect their mental and physical health, including increased risk of heart disease, Parkinson's disease, and dementia.

my Social Security Transitions to Login.gov

On July 12, 2024, the SSA announced a change affecting many account users. Those who created a my Social Security account before September 18, 2021, must transition to a different type of online account known as a Login.gov.

License Renewals: What Are the New Rules for Senior Drivers?

Older drivers are among the safest of all drivers, a AAA report showed. Nonetheless, state senior driving laws vary widely across the country.

Financial Help for Parents of Children With Special Needs

Parents of children with disabilities often face extra financial challenges. Understanding available resources is crucial in ensuring that their children receive the necessary care without undue financial burden.