Category: FINANCE & LEGAL
Senior Living. Senior Solutions. Made Simple.
What is in your best interest when it comes to interest rates and choosing a mortgage? By Korey Welch, Owner of Boom Realty and Senior Mortgage Broker, Loan Factory For many people, retirement is a time to simplify, enjoy life,...
Read MoreIs Medicare’s out-of-pocket cap truly saving beneficiaries money?
By Patricia PrewittMy Personal Rx Adviser I have been following with interest reports on the impact of the 2025 cap on out-of-pocket prescription costs from various healthcare sources, including government websites. The data is...
Read MoreReverse mortgages vs. HELOCs – What each could mean for you
Choosing the right way to access home equity can make a significant difference in your financial well-being. By George A. Downey Two popular options are reverse mortgages and home equity lines of credit, or HELOCs. Each provide...
Read MoreSenior Living. Senior Solutions. Made Simple.
Welcoming the New Year homebuyers: A whimsical guide to positioning your house for sale after January 1 By Korey Welch, Owner of Boom Realty and Senior Mortgage Broker, Loan Factory Ah, the New Year – the season of fresh starts,...
Read MoreLooking ahead to 2026: What you can expect for prescription coverage in the new year
By Patricia PrewittMy Personal Rx Adviser The health care market and prescription coverage continue to evolve with policy changes still being formalized. As of mid-December 2025, uncertainty remains as to subsidies and tax...
Read MoreMyth or Fact? I have an estate plan so I’m all set
By Elizabeth A. Caruso, Esq. This is a myth! An estate plan is not a “set it and forget it” document. Life changes and the law changes. An outdated plan can be just as problematic as having no plan at all.It’s that time of year...
Read MoreFederal limit on reverse mortgages increased in 2026, helping to finance the higher cost of living
By George A. Downey, CRMP Homeowners aged 62 and older have an incredible opportunity to turn their home equity into financial freedom. The federally insured Home Equity Conversion Mortgage (HECM) program lets you access your...
Read MoreSenior 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...
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