There is no law in Texas that requires an adult child to pay a parent’s nursing home bill out of their own personal funds. Likewise, under federal law a nursing home cannot require you to commit to pay your parent’s nursing home bill before admitting your parent to the facility. However, this does not [...]
It's that time of year again. The administrator of your tax-deferred account (IRA or 401K) will call advising you on your required minimum distribution (RMD). Often, the account holder's response is, "Darn, here's the government making me pay taxes on this money." Therefore, their goal is to take only the minimum distribution and pay the [...]
Many retirees or people considering retirement forget to budget for healthcare when they are planning for retirement. After all, most employees receive health insurance through their employer. However, medical expenses are one of the largest expenses of a retired person, and the costs are often underestimated. There are generally four types of health care [...]
Remarriage for a surviving spouse is highly probably. Have your planned for this? What difference does it make?