No Cost of Living Increase for Social Security in 2010. In its 2009 Trustees Report, the Social Security Administration projected that Social Security benefits will not increase in 2010. Under some assumption scenarios, there would not be a COLA for 2011 as well.
Drug Assistance Plan Available. The Partnership for Prescription Assistance can help you access drugs for free. For more...
Five First Steps to Financial Caregiving.There's so much to do. If you're like most caregivers, you didn't plan to manage your parents' money. In fact, it's likely that a medical emergency or death of a parent placed you in this role on short notice. So, where do you begin? For more...
Selling Your Parents' Home Can be a Chore. In addition to the sentimental attachments, there are many practical issues to consider. How much should you put in to preparing the home for sale? What if your niece wants to buy the home? For more...
Budget Basics. If budget was a four letter word, no one would ever use it. Most folks feel that a budget is like a leash. But, it's simply a plan for matching income and expenses. For more...
Advantages and Disadvantages of Paying Your Bills Online. The Internet has revolutionized how we live and manage our financial lives. It won’t be long until banking online is as much a part of our lives as using a debit card is now.For more...
Four Legal Dcouments You (and Your Parents!) Can't Live Without:All people, especially senior citizens should have four legal documents in place in order to provide for a smooth transition should they become ill, incapitated or die. For more...
Easy Ways to Transfer a House to Heirs: The house is often the most valuable asset in an estate. And most parents talk about how important it is to them to leave it to their children. But what if the owner needs money, or worse, the children don't really want the house? Understand three ways to transfer the house at death. For more...
Cohabitation Isn't Just for Lovers: For a variety of health and economic reasons, many families find themselves coming full-circle -- and cohabitating with each other. Sharing housing with children (or parents) require special discussions and agreements. For more...
Housing Decisions are Very Personal. Whether you are conscious of it or not, where you are now depends quite a lot on the values you formed in your younger years. And where you are likely to go from here, especially in terms of your housing choices, is often a function of those values as well.For more...
Do You Still Need that Life Insurance? Almost all Americans answer "yes" when asked if everyone needs life insurance. But traditional wisdom can be wrong in many cases. Do you need life insurance? What if you already own a policy? If you need life insurance, is it affordable? For more...
Asset Allocation Basics. Simply put, asset allocation is the concept of not putting all of your eggs into one basket. It involves investing some of your funds in a variety of savings and investment vehicles such as stocks, bonds, certificates of deposit, money market accounts and cash. For more...
IRA Required Distributions Suspended. There's good news if you don't need income from your IRAs and other tax advantaged retirement accounts. No withdrawal is required for tax year 2009. For more... Consider Phasing into Retirement: Many people are not quite sure they're ready for retirement. Perhaps, money is still a bit tight. Or, they don't know what they'll do with themselves. For more...
Six Tax Breaks You Don't Want to Miss. Are you missing valuable tax deductions? Are you responsible for an aging, dependent parent? If so, these tax breaks may be for you.For more...
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73% of Social Security beneficiaries choose to take benefits before their normal retirement age. Source: Social Security Administration
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