Category: FINANCE & LEGAL
Senior Living. Senior Solutions. Made Simple. How to sell your home during the holidays (without losing your cheer or your sanity)
By Korey Welch, Owner of Boom Realty and Senior Mortgage Broker, Loan Factory Selling your home during the holidays might sound as appealing as wrapping gifts with one hand tied behind your back, but with a little sparkle and...
Read MoreMyth or fact? You can gift $19,000 per year with no effect on the five-year look back period for a nursing home
By Elizabeth A. Caruso, Esq. This a myth! For tax purposes, gifts occur all year round, but they are obviously a highly discussed topic at the end of the year for both the holidays and tax planning. Any time money is transferred...
Read MoreThe privilege of care: Lessons from 16 years of navigating aging as a professional and with family
By Mark Friedman In April 2019, South Shore Senior News published my column entitled “Navigating the future: Plans, preparations and a guy about to get on a plane.” It was all about an early discussions with my parents about...
Read MoreUnlocking your home’s hidden wealth: Reverse mortgages vs. HELOCs – what every homeowner should know
By George A. Downey, CRMP As retirement approaches, many homeowners find themselves rich in home equity but short on cash flow or access to funds when needed. Fortunately, two powerful tools can help: Reverse mortgages and home...
Read MoreGiving thanks for proper estate planning, which reduces stress and gives families peace of mind
By Elizabeth A. Caruso, Esq. Instead of a Myth or Fact, this month, in honor of Thanksgiving, I’m going around the figurative dinner table to say why I am thankful for estate planning.I’m thankful that a proper estate plan can...
Read MoreFinancial advisors have duty to help seniors understand if a reverse mortgage will help them achieve their goals
By George A. Downey Home equity, older homeowners’ largest asset, is not liquid and seldomly a consideration in planning practices. However, reverse mortgages change that and obligate financial advisors to know the potential and...
Read MoreSenior Living. Senior Solutions. Made Simple.
Maybe it’s time to think about selling the family home. Here’s how to get started By Korey Welch, Owner of Boom Realty and Senior Mortgage Broker, Loan Factory Maintenance is becoming a bit much. Utility bills are...
Read MoreIs your adult child on your company health plan? Here is how they can save money on prescriptions
By Patricia PrewittMy Personal Rx Adviser Topics for this column often come from real-life questions I receive when teaching a consumer education class, or questions from friends or referrals. Recently, a working Mom called with...
Read MoreAgeism Awareness Day offers a chance to fight stereotypes, prejudices, and discrimination
By Nicole Long, MSW, LICSWCEO of Old Colony Elder Services What is Ageism?The World Health Organization defines ageism as “the stereotypes (how we think), prejudice (how we feel), and discrimination (how we act) toward others or...
Read MoreMyth or Fact? An irrevocable trust estate plan is the best plan for me
By Elizabeth A. Caruso, Esq. To find out whether this is a myth or a fact for you, you’ll have to read this whole article!I want to use this opportunity to highlight a few points about irrevocable trusts that sometimes make my...
Read MoreCondominiums approved for reverse mortgages reduce legal risk and increase value
By George A. Downey Reverse mortgages are financial products that enable older homeowners to convert part of their home equity into cash without having to sell their property or make mandatory monthly mortgage payments. In...
Read MoreAging successfully: Easy ways to help you ‘stay young’
By Michelle Sonia, President and CEOSeniors Helping Seniors Boston South Shore We all want to age successfully to enjoy our partner, our kids, our grandkids, our pets, our hobbies, traveling the world – not just go to the doctor...
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