The US Social Security Administrations funding trusts are known as the Old-Age and Survivors Insurance (OASI) Trust Fund and the Disability Insurance (DI) Trust Fund. In their 2019 annual report to Congress, the Board of Trustees released some startling detail about projected insolvency for the S...
Many of us are facing unprecedented challenges during this coronavirus crisis in America, and it has increased anxiety and fear levels in all of us. We humans experience an actual physiological response when faced with fear as the reactive part of your brain, called the amygdala, takes control of...
According to the US Census Bureau, more than 51 million Americans are currently aged 65 or older, and the number is steadily increasing while medical and technological advancements are allowing seniors to live longer and better lives than ever before. The expanding needs of the US aging populatio...
All too often, aging parents gift their adult children or others with resources to share their legacy and take advantage of tax regulations for gifting each year. However, tax regulations and Medicaid eligibility rules are not the same. Gifting that complies with tax goals and IRS rules may cost ...
People frequently confuse Medicare and Medicaid, especially as available options for seniors or individuals in need of long-term care following a sudden disability. Though both are federal programs and may sound similar in name, Medicaid and Medicare, in written form, work very differently.Both M...