Recognize and Prevent Elder Financial Abuse 

Yesterday was World Elder Abuse Awareness Day.   There can be many ways the elderly are abused by family or those close to them.  Let’s look at abuse from a financial aspect. Financial abuse can be a complicated subject, but at its most basic level it involves taking advantage of an older adult through manipulation or intimidation to steal their money or property. Elderly adults are some of the most vulnerable to financial abuse. Some of the biggest risk factors for older adults include: • Isolation Isolation can cause extreme loneliness in seniors, leaving them desperate for any sort of…
Read More

Estate Planning in a Pandemic 

The ongoing COVID-19 global pandemic has disrupted life in countless ways. The health crisis has led many people to examine their own mortality and realize that they are not prepared for the end of life situations. As the crisis continues to rage on, it is more important than ever to make sure that your will and other important estate planning directives are in place. According to Caring.com, 52% of people over the age of 55 do not have a will or other vital estate planning documents in place. While it can be a bit more challenging to get these directives…
Read More

CARES Act Creates Tax Relief 

In March 2020, the unemployment rate was 4.4 percent; just one month later the number had skyrocketed to 14.7 percent-the highest figure since the Great Depression of the 1930s. Some 29 million Americans are now temporarily or permanently out of work. COVID-19, the pandemic coronavirus, in many ways, has crippled the U.S. economy. The good-or at least better-news is that the federal government has made a flurry of tax and process decisions that should bring relief to many in the form of The Coronavirus Aid, Relief and Economic Security program, or The CARES Act. Here's a quick review of the…
Read More

Stimulus Payments Won’t Cut Into Your Tax Refund 

In March 2020, the Federal Government passed the CARES Act. This act, a result of the massive COVID-19 pandemic that has infected over one million Americans, was responsible for the establishment of a variety of federal aid designed to assist individuals throughout the country in getting through unemployment and the ongoing pandemic. The most well-known component of the CARES Act was its direct cash payment. These payments, which began to be sent in April, supplied individuals with $1,200 if they had previously filed as individuals making up to $75,000, $112,500 if they filed as the head of households or $150,000…
Read More

Is The Stock Market Making You Nervous Lately? 

The history of the stock market is littered with examples of times when the market takes a dive downwards. However, there are a lot of reasons to believe that the latest market dive is one of the more extreme that most people have ever seen. Thus, it makes all the sense in the world that a lot of investors are on edge or nervous about market conditions right now. The Search For Alternatives No one likes to lose money, and it is particularly painful when it comes as suddenly as the most recent market crash came. Thus, many investors have…
Read More