If you wake up every morning thinking that you need to get your estate plan updated, or worse, created, you might feel like Bill Murray in the classic movie “Groundhog Day.” Actually, a lot of days in 2020 felt like Groundhog Day: a never-ending time loop of working from home, dining at home, working out […]
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What’s Not Covered by Medicare?
Medicare provides health insurance for retirees, but it doesn’t cover everything. In fact, there’s a lot that Medicare does not cover, and many of these are health care costs that can consume a nest egg. Here are the top five healthcare costs that should be part of your retirement preparations: Medicare and Long Term Care […]
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Does Medicare Advantage Make Your Medical Coverage Better or Worse?
Some of the smartest people we know find enrolling in Medicare confusing and overwhelming. Despite the warm and fuzzy commercials from insurance companies, Medicare Advantage plans are tricky to figure out. And sometimes, Medicare Advantage can be more expensive than traditional Medicare. You want to go into the Medicare enrollment process with information to prevent […]
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Medicare Open Enrollment Season and Our Free Medicare Consultations
Open enrollment for Medicare Advantage plans and Part D prescription coverage begins on October 15 and ends on December 7, 2020. When it’s over, whatever decisions you may have made will be set in stone for a full calendar year. Mistakes are costly, especially for people who require multiple prescriptions. Also, if you do not […]
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This Summer’s Annual BBQ Recipe – Grilled Yogurt Marinated Chicken
Yogurt is the unrecognized hero of marinades. The lactic acid breaks down protein, making the chicken extra tender and flavorful. Don’t use fat free yogurt – the gums and stabilizers in fat-free dairy products don’t win any flavor points in this recipe. Ingredients 1 cup full-fat plain Greek yogurt 1 cup lightly packed cilantro, finely […]
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Power of Attorney is Not Enough for Medicare
A power of attorney is usually enough to take charge of a loved one’s financial and medical matters when they become incapacitated. But with Medicare, you need more than a POA. Many people learn this the hard way. It is a problem that can be easily solved and will save you and your loved ones […]
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What Are The Benefits Of Naming A Corporate Fiduciary?
Many individuals who establish trusts choose to name a close friend or relative as trustee. However, there are many situations where naming a corporate fiduciary is a far better alternative. Acting as a trustee requires that the person have a good background in finance and tax. Failing that, the liability of making poor financial decisions […]
Continue reading…Corona Virus Update From Stephen J. Silverberg, Esq.
We are following the news about Coronavirus and a second burst of the traditional flu that’s impacting people in our community. While we don’t believe that anyone should panic, we do want to encourage anyone with older or immunocompromised loved ones to be prepared. The CDC is encouraging everyone to have extra food and supplies on hand, in […]
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New York and Florida Snowbirds – Estate Plans Are Not One-State-Fits-All
My snowbird friends and neighbors are no doubt enjoying their southern Florida break even more this week, as Long Island remains in a deep freeze. But there’s more that separates the two states than temperature. I represent clients who live in New York, others who live in Florida and snowbirds who travel back and forth […]
Continue reading…Have You Created Your Retirement Checklist Yet?
Thanks to Forbes for this useful article, “How Much Do You Need To Retire: 4 Things For Your Checklist,” that includes a look at some items that must go on your retirement planning list: Decide on your retirement age. This is easiest for many people, but the age you choose should align with your retirement savings and Social Security benefits. […]
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