Planning protects you from the Four "D"s

We live in a society that increasingly places us at high financial risk. The statistics are eye-opening.

Forty percent of first marriages end in divorce, as do 60 percent of second marriages. We continue to pile up enormous consumer debt, unable to repay about $22.5 billion of it. We spend about $310 billion a . . . → Read More: Planning protects you from the Four “D”s

Before your kids go off to college, get these legal documents in place

For college-bound freshmen and their parents, this is an exciting summer, full of anticipation.  The kids are becoming adults, and are ready and eager to take responsibility for their own lives.

Amid all this excitement, it is easy for parents to forget that they are no longer the natural legal guardians of their college-age . . . → Read More: Before your kids go off to college, get these legal documents in place

Daley/Nadeau Decisions: Protect your Home Equity from Nursing Home Costs

Good news recently from Massachusetts’ highest court.   Your home is your nest egg.   It gives you a place to live in retirement for as long as you need, and then you can leave it to your kids when you die.   But that plan can go awry if you need nursing home care.

Medicaid will . . . → Read More: Daley/Nadeau Decisions: Protect your Home Equity from Nursing Home Costs

Three "Time Posts" for Nursing Home Care Planning

Over the next fifteen, about 78 million baby boomers will be reaching retirement age. According to the Centers for Medicare and Medicaid Services, over 40 percent of them will need some period of nursing home care in their lifetimes.

This social tidal wave presents baby boomers and their families with a daunting financial challenge: . . . → Read More: Three “Time Posts” for Nursing Home Care Planning

Understanding "Basis" Can Save Your Family $$$$$ in Taxes

As the dreaded April 18 tax deadline looms, income taxes are naturally on everyone’s mind.  If you own an asset that has appreciated greatly in value over the years, such as real estate or stock, you probably know that you will have to pay capital gains tax when you sell it.   The capital gains . . . → Read More: Understanding “Basis” Can Save Your Family $$$$$ in Taxes