When California’s Medi-Cal Will Pay for a Nursing Home, Assisted Living, or Home Care In California, Medi-Cal sometimes pays long-term nursing home and home care costs if you can’t afford the cost of a nursing home. Long-term care like nursing homes, assisted living facilities, and home care are expensive, and private health insurance policies generallyContinue reading “Pre-planning with Trust – Medicaid and Medi-Cal and how to pay for nursing costs”
Tag Archives: assets
Transfer of assets to qualify for Medicaid
Medicaid’s Asset Transfer Rules – Elder Law Answers https://www.elderlawanswers.com/medicaids-asset-transfer-rules-12015 Feb 12, 2018 – In order to be eligible for Medicaid, you cannot have recently transferred assets. … So it has imposed a penalty on people who transfer assets without receiving fair value in return. This penalty is a period of time during which the person transferring the assets will be ineligible for Medicaid. Transferring AssetsContinue reading “Transfer of assets to qualify for Medicaid”
Income you won’t outlive, safer than bonds,diversify your asset class
How to avoid capital gains tax
First, you can use a tax-protected retirement account to avoid paying capital gains taxes on the proceeds from your stock sales. As long as you keep the proceeds in the account and resist the urge to make premature withdrawals, you can grow your retirement savings on a tax-free basis for an indefinite period of time.
However, your retirement account may be subject to certain contribution limits. If you’re under the age of 50, you can contribute just $5,000 per year into your tax-protected IRA account. If you’re over the age of 50, you may be able to contribute as much as $6,000 into your account. Before you make any contributions, be sure to check with a licensed tax professional.
Income Planning for retirement
Income Planning for Retirement https://www.brainshark.com/glic/vu?pi=zBVzOJ8BWz0z0 guaranteed income annuity guardian brochure
How gifting are taxed by Intuit
If you give people a lot of money, you might have to pay a federal gift tax. But the IRS also allows you to give up to $14,000 in 2013 to any number of people without facing any gift taxes, and without the recipient owing any income tax on the gifts. Why it pays toContinue reading “How gifting are taxed by Intuit”
The Future Is For Real: Succession Planning Reframed by Lewis J. Walker, CFP®; and Maria C. Forbes
The 2014 movie Heaven Is For Real gives one pause to ponder the future. After life, what’s next? Colton is the real-life son of Todd and Sonja Burpo. The film chronicles a near-death experience when Colton was a young child. The family was incredulous over his miraculous recovery from an emergency appendectomy. More amazing wasContinue reading “The Future Is For Real: Succession Planning Reframed by Lewis J. Walker, CFP®; and Maria C. Forbes”
Optimal Fixed Annuity for Retirees: Immediate versus Deferred by David Blanchett
For those who are willing to give up liquidity to maximize guaranteed income for life, the solution has always been relatively straightforward: purchase a lifetime Single Premium Immediate Annuity (SPIA). However, in recent years, annuity companies have begin to offer Deferred Income Annuity (DIA) contracts, also known as longevity annuities, which similarly provide guaranteed incomeContinue reading “Optimal Fixed Annuity for Retirees: Immediate versus Deferred by David Blanchett”
More than 10 reasons why we need life insurance
Your greatest asset to protect is your life. As a mother and a life insurance agent, I want to show you why we need life insurance, not just for creating an immediate estate to my children in the absence of an inheritance as I am not rich at the moment. Connie Dello Buono CA LifeContinue reading “More than 10 reasons why we need life insurance”