Americans move overseas for a variety of reasons. Some fall in love with another land while traveling and decide to relocate permanently. Some, on the verge of retirement, believe their savings will last longer and afford them a better standard of li…
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Beginning March 2, 2015, borrowers will have to pass a financial assessment before they can take out a reverse mortgage. The new rules are meant to prevent loan defaults, but they will make it much more difficult to get a reverse mortgage.
A revers…
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Once you’ve created an estate plan, it is important to keep it up to date. You will need to revisit your plan after certain key life events.
Marriage
Whether it is your first or a later marriage, you will need to update your estate plan after you g…
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Michael J. Astrue, Commissioner of Social Security, today announced the agency is expanding the services available with amy Social Security account, a personalized online account that people can use beginning in their working years and continuing thr…
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Generally, the Michigan principal residence exemption provides that a taxpayer’s principal residence is not subject to the “tax levied by a local school district for school operating purposes.” MCL 211.7cc. This amounts to a partial exemption…
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In a major change in Medicare policy, the Obama administration has provisionally agreed to end Medicare’s longstanding practice of requiring that beneficiaries with chronic conditions and disabilities show a likelihood of improvement in order to re…
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When it comes to housing, baby boomers differ from other home hunters in that they have more equity in their homes and many are preparing to move. If housing experts are right, boomers—the 77 million Americans ages 48 to 66—soon may be a sweet…
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Open enrollment started on October 15, 2012 for 2013 enrollment. You have until December 7 to pick a Medicare Advantage plan (a private plan that provides medical and prescription-drug coverage) or a Medicare Part D prescription-drug plan for the com…
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A reverse mortgage can be a great tool in the right circumstances, but if you aren’t careful you could end up losing your home. A recent front-page article in the New York Times lays out some of the problems homeowners are encountering with these m…
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The nation’s elderly and disabled Social Security recipients will receive a 1.7 percent increase in payments in 2013. This is expected to raise the average monthly payment for the typical retired worker by $21. The increase is less than half of l…
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