Planning for Life

Announcing the Creation of the Trump Policy Analysis Group Focusing on Older Americans and Individuals with Special Needs

Posted by Harry S. Margolis on December 7, 2016

Five leading elder law attorneys have created theTrump Policy Analysis Group (TPAG)[1] to consider probable changes in law that will affect older Americans and those with special needs.  Initially TPAG will focus on entitlements, public benefits, tax, special needs planning, and veterans’ benefits.

TPAG Members and Experience

Michael Gilfix of Palo Alto, California, A. Frank Johns of Greensboro, North Carolina, Harry S. Margolis of Boston, Tim Nay of Portland, Oregon, and Vincent J. Russo of Long Beach, New York, together have over 160 years experience advising individuals and families and Social Security, Medicare, Medicaid, tax, long-term care, veterans’ benefits, and special needs planning.  They are established authors, speakers, and experts and include founders and leaders of national organizations, including the National Academy of Elder Law Attorneys, addressing the needs of aging and vulnerable populations.

Following is their initial analysis.

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Topics: Medicaid, Medicare, social security, estate taxes, income taxes, capital gains taxes

What Does a Trump Presidency Mean to Estate and Long-Term Care Planning?

Posted by Harry S. Margolis on November 22, 2016

By Harry S. Margolis

The election of Donald Trump along with Republican control of both houses of Congress undoubtedly will impact tax and benefit laws that affect citizens in their personal lives and in their estate and long-term care planning. The question is how? We can't answer for certain since during his campaign the president-elect stayed away from specific policy proposals. But there's still a lot we can glean both from what he has said and from Republican policies, especially those of Speaker of the House Paul Ryan. On the domestic front, Ryan appears much more radical than Trump in many ways.

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Topics: Medicare, Medicaid, MassHealth, estate taxes, capital gains, capital gains taxes, social security

Little-Known Social Security Benefit for Parents of Disabled Children

Posted by Harry S. Margolis on May 17, 2016

By Harry S. Margolis

One of our clients recently brought to our attention a Social Security benefit that was news to us. He and his wife care for their adult daughter with a disability in their home. Our client retired and began receiving Social Security benefits. As a result, his daughter was able to drop her Supplemental Security Income and switch over to Social Security Disability Income (SSDI), a much better benefit for a number of reasons.

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Topics: social security, disability

Why We Should Keep Baby Boomers on the Job

Posted by Harry S. Margolis on September 15, 2015

By Harry S. Margolis

Baby boomers, those born between 1946 and 1964, aged now between 51 and 69, are retiring in droves, 10,000 a day by one measure, and will continue to do so for the next two decades. Unfortunately, neither they nor our national economy can afford this. The economy needs skilled and experienced workers, even if some may not be totally up-to-speed on the latest social media phenomena. And few baby boomers have sufficient savings to see themselves through a long retirement. Those savings are more important than ever since very few baby boomer retirees will have pensions.

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Topics: baby boomers, social security

5 Steps to Avoid Outliving Your Money

Posted by Harry S. Margolis on January 13, 2015

By Harry S. Margolis

The first issue of a new UBS publication, Your Wealth & Life, focuses on "Navigating longevity," or how to make sure your savings and investments last as long as you do. This is especially important as our odds of living long -- and long after retirement -- increase. Half of today's 65-year-olds will live to 85 or older; women have almost a one in three chance of living to age 90; and for a couple there's a 50% chance that one of the spouses will live to age 90 or beyond.

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Topics: social security, Retirement Planning

How Are My Social Security Benefits Taxed?

Posted by Sarah Foster on February 24, 2014

By Sarah Foster

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Topics: social security, income taxes

Do I Need to Pay Income Taxes on My Social Security Benefits?

Posted by Rachel Sandler on February 10, 2014

By Sarah Foster

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Topics: income taxes, social security, special needs planning

How You Can Use Your Social Security Benefits as an Interest-Free Loan

Posted by Sarah Foster on January 29, 2014

By Sarah Foster

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Topics: social security

Social Security, Medicare and Tax Adjustments in 2014

Posted by Sarah Foster on December 6, 2013

By Sarah Foster

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Topics: social security, Medicare

How Do Divorce & Remarriage Affect Social Security Benefits?

Posted by Sarah Foster on October 18, 2013

By Sarah Foster

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Topics: divorce, social security, Estate Planning

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