True Link Financial offers a debit card with spending controls expressly designed for people with dementia, other cognitive deficits or addiction issues. It also manages special needs trusts. By Lindsey Choo, Forbes Staff In November 2020, Alana Peralez received the sort of emergency call she’d been dreading. Her then 84-year-old dad, a retired aerospace engineer
Retirement
Hustle culture and the ever-shortening form of advice have led to the deification of undying devotion—whether to a cause, a goal, or a priority. This oversimplification is also prominent in financial planning. Of course, courage in the face of adversity is laudable, generically speaking, but wisdom is rarely rigid. Wisdom pauses, asks more questions, considers,
Aggressive trade wars, government shutdowns, and unexpected disasters can send markets careening to the downside. The short-term damage to investments can be severe. But the key word here is “short.” And therein lies the opportunity for long-term investors like those saving for retirement. To fully appreciate the phenomenon and why it’s possible for anyone to
Before moving from a state or establishing a second home, know how the state you currently reside in will react. States with net losses of residents are developing innovative and aggressive ways to capture tax revenue from their expatriates. The most recent innovation is the “exit tax” imposed on departing residents. A proposed wealth tax
In a seemingly off-the cuff television remark, President Trump said he’d protect Medicaid from government spending cuts. Don’t count on it, especially since at nearly the same time, and after dithering for months, Trump endorsed a draft House Republican budget framework that anticipates cuts of as much as nearly $900 billion in Medicaid over the
Semi-retirement can offer important financial and lifestyle advantages to people in their 50s, 60s, and early 70s. By not quitting work completely, you can use the semi-retirement strategy to significantly increase your retirement income for when you do eventually retire full time, while also getting more time now to enjoy life and feel closer to
Republican members of the House of Representatives have taken the first step – a budget resolution – to cut taxes. The final bill will likely extend some of the regressive the tax cuts that Congress enacted under President Trump in 2017, also known as the Tax Cuts and Jobs Act (TCJA). The extension of expiring
Introduction U.S. Rep. Randy Feenstra (R-Iowa) introduced a bill called the Death Tax Repeal Act on Feb. 13, 2025, with more than 170 representatives signing on. U.S. Senator John Thune (R-S.D.) introduced companion legislation in the U.S. Senate. No odds-on passage as the Ouija Board has not proven adept at predicting tax law changes. So
In late 2024 just before the end of its session, Congress passed the Social Security Fairness Act. The President signed the Act into law in early January. The law repealed two provisions that were created in the 1983 Social Security reforms, the government pension offset and windfall elimination provision, and will retroactively increase Social Security
One of the most difficult steps in estate planning is developing a plan to preserve a collection or other special assets. Serious collectors often put a lot of time, money, and other resources into developing, displaying, and preserving their collections. They’re proud of their collections and derive pleasure from the process as well as from