Lifestyles over 50 Finance & Money
The Inspector General of Social Security, Gail S. Ennis, is warning the public that telephone scammers may send faked documents by email to convince victims to comply with their demands. The Social Security Administration Office of the Inspector General (OIG) has received reports of victims who received emails with attached letters and reports that appeared to be from Social Security or Social Security OIG. The letters may use official letterhead and government “jargon” to convince victims they are legitimate; they may also contain misspellings and grammar mistakes.
Spring is here — a season for change. Hibernating animals (and people!) wake up and move around; ferns begin to uncurl; acorns begin their transition to mighty oaks; birds build their nests; and many homeowners begin the search for their new nest. Unless you’re a hermit crab, moving from one house to another is not cheap — moving can entail expenses that are greater and more varied than you might expect. What are some money matters to consider when you consider buying a house?
No two home buyers are alike, but they share similar motivations. As a realtor I need to understand my client’s desires, their likes and dislikes and most importantly why they are buying. The range of motivations is a cross-section of human desires. By understanding my client’s motivation I can streamline the house hunting experience. I can save them time, they will have an enjoyable experience and will find a home that much more quickly.
Wed. Nov. 13, Dec. 11 at 12 pm. Traditions of Hanover Bethlehem, 5300 Northgate Dr., Bethlehem. Networking group for professionals hosted monthly and features a speaker and time for networking - $5.
Lehigh Valley Aging in Place Mixers
Wed. Nov. 20 - Hosted by Sacred Heart Northampton 11:30 to 1:30. 602 E. 21st St. Northampton PA 18067. Please register by Nov. 15 with Kim Garrison
Is the Grass Always Greener?
Call it wanderlust, call it an itch, call it boredom, call it “This house is too big / too small for us!” — You’re thinking of moving. Maybe it’s across the street or across the globe; you are seriously thinking of pulling up roots and being repotted elsewhere. There are a lot of reasons for moving elsewhere, and a lot of things to consider when deciding if moving is right for you.
“Do you have Medicare? Do you have aches and pains? We can provide braces that Medicare will cover! How about a genetic testing kit to see if you are predisposed to getting cancer?” If you are like most Medicare beneficiaries, you or someone you know has received phone calls or other solicitations for these items, often several times a day. TV ads are also very effective at soliciting these products.
A crucial part of a house transaction is the inspection. There are a number of standard issues to review. Using a certified inspector will help ensure the property is cleared of any problems. Knowing that the home has been inspected and cleared of any of these issues will ensure a smooth sales transactions and give the homeowner peace of mind that their home is safe and protected.
Nursing homes cost over $125,000 a year. Medicare and health insurance don’t pay for this. Fortunately, Medicaid does. But impoverishment is the price of admission into the Medicaid program. While most spend themselves broke, a savvy few manage to qualify for Medicaid without forfeiting their estate. One way for single clients to do that is with the “gift & annuity” strategy.
Under gift & annuity, a person gifts a substantial portion of their estate – typically about half of their assets - outright or into a trust. At the same time, the remaining assets are converted into an income stream via purchase of a Single Premium Immediate Annuity, or “SPIA.”