social security

One in Three Americans will Receive an Inheritance – Is Yours is Protected?

One in Three Americans will Receive an Inheritance – Is Yours is Protected?

One in every three Americans will receive an inheritance during their lifetime, according to a study by Ohio-State researcher Jay Zagorsky. Unfortunately, much of that windfall is lost through spending or bad investing. Mr. Zagorsky offers four steps for handling an inheritance: (1) assess the current financial situation; (2) figure…

CMS Announces Spousal Allowance Amounts unchanged for 2016

The 2016 Community Spouse Resource Allowance will remain at $119,200 (maximum) and $23,844 (minimum), as recently reported by the Centers for Medicare and Medicaid Services (CMS).  In addition, the spousal monthly maintenance needs allowance will remain $2,980.50 a month.  For medicaid eligibility, the income cap is projected to remain at $2,199.…