What is a special needs trust?

People with disabilities often have particular needs for services and supports, beyond the basic necessities of life. One way for family and friends to support people with disabilities is to set up a trust to help provide funding for those needs, or to pay for things...

Qualifying for Medicaid the right way by buying exempt resources

There’s a right way and a wrong way to do everything, as your mother always told you. The same holds true in qualifying for Medicaid. Today I’ll pass on a true story about a client of mine who (with our help, naturally) qualified her husband for Medicaid,...

IRA & 401(k) book recommendation

Let me tell you about my favorite book on individual retirement accounts (IRAs) and 401(k) plans: The Retirement Savings Time Bomb…and How to Defuse It by Ed Slott. Here are the reasons I like it so much and refer to it often. It makes a dry subject interesting...