News
Tuesday October 19, 2021
Personal Planner
Each year, IRAs and 401(k)s are subject to required minimum distributions (RMDs). Because the distributions start at...More |
Savvy Living
Do you know of any financial assistance programs that can help seniors with home improvement projects? I would like to help my grandparents make a few modifications to their house so they can continue living there safely, but they live on a fixed income.
There are a number of financial aid programs available that can help seniors with home modifications and improvement projects for aging-in-place, but what may be available to your grandparents will depend on their financial situation and where they live. Here are some different options to explore.
Medicare Advantage benefits: While original Medicare does not typically pay for home improvements, if your grandparents are enrolled in a...More |
Washington News
The Social Security Administration has announced a 5.9% increase in benefits for 2022. This is a dramatic change over the 1.3% increase for 2021. During the past decade, the increases have generally been less than 2%. Approximately 70 million Americans will receive the increased payment amounts in January of 2022.
The increase is the result of substantial rises in the price of gasoline and other everyday purchases. With port congestion in Los Angeles and a limited number of trucks to deliver supplies, there are shortages of many goods and limited stock on store shelves. The shortages inevitably lead to higher prices.
The large Social Security cost-of-living adjustment (COLA), is a direct...More |
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