Category: FINANCE & LEGAL
New commissioner promises to ‘protect’ Social Security
Financial services industry leader Frank Bisignano recently was sworn in as the 18th commissioner of Social Security.He joins the Social Security Administration from Fiserv, the industry leading payments and fintech company,...
Read MoreSupporting all residents is the mission of OCES during Pride Month, and all year long
By Nicole Long, MSW, LICSW CEO of Old Colony Elder Services The 1969 Stonewall Uprising served as a catalyst for the global movement for LGBTQIA+ rights.In June, we celebrate Pride Month commemorating this important time in...
Read MoreAn often-overlooked aspect of estate planning – how to handle a second home
By Elizabeth A. Caruso, Esq. With summer swiftly upon us, I wanted to take this month to highlight benefit of estate planning that many people may not think about when crafting their overall plan – the management and...
Read MoreHome equity: The overlooked asset that can be a flexible funding source to increase financial security and lower stress
By George A. Downey According to a summary of the recent JP Morgan “Guide to Retirement” from Shannon Hicks of HECM World, “the home equity in your primary residence may be used” as part of a long-term care or retirement income...
Read MoreSenior Living. Senior Solutions. Made Simple.
More house for your money – negotiating the best possible deal By Korey Welch, Owner of Boom Realty and Senior Mortgage Broker, Loan Factory Selling a home is one of the largest financial decisions most people will ever make,...
Read MoreWhy transferring your house to your children to avoid nursing home costs can be a bad idea
By Elizabeth A. Caruso, Esq. Myth or fact? It’s a good idea to transfer my house to my kids for $1 so that the nursing home doesn’t take it.This is a myth!I have had many clients come to me recently and ask me if transferring...
Read MoreBuilding your senior support circle: Who you need before you sell
By Leon Merian, SRESRealtor, Compass As I am a Realtor, you might expect me to begin with a pitch to sell your home. But in many cases, I intentionally leave my Realtor hat at the door. That might sound surprising, but when it...
Read MoreFederally insured reverse mortgage provides unique and safe way for older homeowners to use home equity without selling
By George A. Downey Homeowners (62 and older) should consider the potential benefits a Home Equity Conversion Mortgage (HECM) reverse mortgage can provide. Designed for those who want to age in place, this program is unique,...
Read MoreSocial Security Fairness Act means retroactive payments, higher monthly benefits for some
The Social Security Administration is making progress toward implementing the Social Security Fairness Act. Through March 4, the SSA has already paid 1,127,723 people more than $7.5 billion in retroactive payments. The...
Read MoreDo you want to talk to someone about your prescription costs?
By Patricia PrewittMy Personal Rx Adviser Prescription coverage, pricing, and insurance rules can be confusing, especially at the start of the year when deductible costs vary widely – from zero (some Medicare Advantage Plans) to...
Read MoreWhat is probate, and why should you want to avoid it?
By Elizabeth A. Caruso, Esq. What is probate?When people talk about estate planning, they often say that you want to “avoid probate,” but what does that mean? In order to answer this question, you first need to understand what...
Read MoreSenior Living. Senior Solutions. Made Simple.
Seniors have more mortgage options By Korey Welch, Owner of Boom Realtyand Senior Mortgage Broker, Loan Factory Lending institutions want to lend to seniors and offer many options. The variables include financial goals, income,...
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