Brian A. Raphan, Esq.
Why Not Just Use an Off-the-Shelf Power of Attorney Form?
There are many do-it-yourself power of attorney forms available; however, it is a good idea to have an attorney draft the form for you.
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Brian A. Raphan, Esq.
- Dec 17, 2015
- 2 min
Life Events That May Have Tax Consequences for Seniors and Retirees
Many significant life events often come with a related tax consequence. Here are some issues that may be facing seniors and retirees with links to more information on their tax impact. As listed by the IRS Planning for Retirement? Retirement Savings Contributions Credit (Savers Credit) Choosing a Retirement Plan: 403(b) Tax-Sheltered Annuity Plan Resources – IRA Based Plans Choosing a Retirement Plan FAQ’s Regarding IRAs Publication 915, Social Security and Equivalent Railroa
Brian A. Raphan, Esq.
- Oct 28, 2015
- 2 min
What’s the Difference Between Medicare and Medicaid in the Context of Long-Term Care?
Although their names are confusingly alike, Medicaid and Medicare are quite different programs. Both programs provide health coverage, but Medicare is an “entitlement” program, meaning that everyone who reaches age 65 and is entitled to receive Social Security benefits also receives Medicare (Medicare also covers people of any age who are permanently disabled or who have end-stage renal disease.) Medicaid, on the other hand, is a public assistance program that that helps pay
Brian A. Raphan, Esq.
- Aug 17, 2015
- 1 min
How You Can Use Your Social Security Benefits as an Interest-Free Loan
One little-known Social Security retirement benefits rule is the so-called “do-over rule.” Under this rule, an individual 62 years or older can start collecting benefits but stop the benefits within 12 months of the start, repay the benefits collected, and then still be eligible for their higher benefit amount when they collect at full retirement age or older. What if you are unable to pay back the benefits after the 12 months are up? You may still be able to suspend your ben
Brian A. Raphan, Esq.
- Oct 15, 2014
- 3 min
Maybe it’s time for a geriatric care manager
Why do we hear so much about geriatric care management these days? It’s because there are so many benefits they can provide to seniors and care givers. Let’s first clarify the term: A professional Geriatric Care Manager (GCM) is a health and human services specialist who helps families who are caring for older relatives. The GCM is trained and experienced in any of several fields related to care management, including nursing, gerontology, social work, psychology, and logistic
Important news for seniors and their families
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