In 2023, recipients of Social Security benefits saw the biggest increase in decades in their monthly checks. Although their payouts will indeed rise again in 2024, the cost-of-living adjustment (COLA) will be more modest – just 3.2 percent, versus the nearly…
Elder law attorneys may specialize in estate planning, incapacity planning, and end-of-life care for seniors. They also help older adults remain in their homes as they age and protect them from abuse. These practitioners are essential because they work to…
This is a reminder, with a few days left in the year, to make sure you take advantage of your retirement contributions. In Octubre 2022, the Internal Revenue Service (IRS) announced contribution limitation adjustments for employee retirement plans in response…
Watch “In The Legal Know” with Vincent J. Russo Vincent appeared on CFN Live on Diciembre 20th, 2023 to discuss“Year End Charitable Giving: IRS Tips” https://youtu.be/-YLyiKnZyFg Vincent J. Russo discusses how to maximize gifts with IRA funds, what you need…
This originally aired on the Catholic Faith Network’s show CFN Live: https://youtu.be/-YLyiKnZyFg It is that time of year. There are just a few days left for charitable giving in 2023. Believe it or not, on Diciembre 16th, the IRS issued…
The Compassionate Allowances program helps the Social Security Administration (SSA) identify people living with rare and serious medical conditions that render patients disabled. According to SSA Acting Commissioner Kilolo Kijakazi, the Compassionate Allowances program is the SSA’s way of “reducing barriers…
Watch “In The Legal Know” with Vincent J. Russo Vincent appeared on CFN Live on Diciembre 14th, 2023 to discuss“How can a Supplemental Needs Trust Protect Assets for a Child with Special Needs” https://youtu.be/lKcsEZXENoI Vincent J. Russo discusses Third-Party Supplemental…
This originally aired on the Catholic Faith Network’s show CFN Live: https://youtu.be/lKcsEZXENoI What should parents of a child with special needs be thinking about when it comes to their estate plan? The number one concern of all parents is making…
Yuletide is just around the corner. They say it’s the most wonderful time of the year. However, you should take care of yourself during the holiday, especially if you are a senior. Proper nutrition is key to maintaining good health.…
2024 PENSION BENEFIT FIGURES WARTIME VETERAN REVISED DECEMBER 18, 2023 Type of Benefit Maximum Annual Pension Rate (Income Limit) Monthly Maximum Pension Rate (Income Limit) Service Pension $16,551 $1,379 One dependent $21,674 $1,806 Housebound $20,226 $1,685 One dependent $25,348…