Choosing a Nursing Home
If you are looking for a nursing home for yourself or a loved one, you want to choose a good facility. But how do you determine which facility is a good facility? Though “good” can be hard to define, some…
Nursing Homes: Minimum Staff and Other Requirements
A historic nursing shortage is affecting long-term care facilities nationwide. According to the U.S. Chamber of Commerce, drivers of the shortage include pandemic burnout, a low retention rate, and inadequate nursing school capacity. Understaffing threatens the nation’s approximately 1.2 million nursing…
Long-Term Care Planning and the Sandwich Generations
The term “sandwich generation” was originally coined in reference to members of the baby boom generation who found themselves taking care of their parents and their own children at the same time. Now members of Generation X and millennials are…
Will My Disability Benefits Change When I Turn 65?
Turning 65 years old has traditionally been associated with retirement and enrollment in federal benefit programs. However, people with disabilities may already be receiving federal benefits through Social Security, Medicaid, and Medicare before they turn 65. Disabled individuals who qualify…
Vincent Russo on CFN Live: When Can I Withdraw Funds from my IRA without a Penalty?
Watch “In The Legal Know” with Vincent J. Russo Vincent appeared on CFN Live on May 15th, 2024 to discuss“When Can I Withdraw Funds from my IRA without a Penalty?” https://youtu.be/YD_gAJVgzFc Vincent J. Russo discusses Individual Retirement Accounts (IRAs) and…
When Can I Withdraw Funds from my IRA without a Penalty?
This originally aired on the Catholic Faith Network’s show CFN Live: https://youtu.be/YD_gAJVgzFc 42.2 percent of all US households have IRA accounts, which equates to 55.5 million US Households. IRAs are an important component to retirement planning, but what if you…
Older Adults Are Failing at Retirement Planning
A 2023 Retirement Income Literacy Study conducted by the American College of Financial Services revealed that most adults ages 50 to 75 lack knowledge about retirement income. With this lack of knowledge came a lack of confidence about achieving the best possible…
What Is Memory Care, and What Are Its Benefits?
Memory care is specialized care for patients living with Alzheimer’s disease, dementia, or other conditions that cause memory loss. Hospitals and nursing homes may have memory care units, or a separate entity dedicated to this service. Memory care provides seniors with…
Retirement Planning: Adapting to Changing Demographics
Across the country, demographics and cultures are evolving. As the baby boomer generation continues to age, the way states set their budgets and health care policies must adapt. The focus will be on the needs of people under 50 with changing…
Avoiding Tax Liability with Qualified Beneficiary Designations
Prior to the SECURE Act, it was always important to ensure that a qualifying beneficiary designation was made to IRAs and other qualified retirement accounts. This could be an individual or a trust with the appropriate provisions that would allow the…