The FAFSA Simplication Act will have families seeing changes to their application process and aid package this year. Many will do well by the calculation adjustments. And at the very least, they should find the application process much easier. Others may walk away with less than expected.
Last year the Northeast experienced a drought. This year my town had multiple floods wreaking havoc on both residents and businesses. While most people are trying to offload their bank required flood insurance to save on cost, you may be wanting to sign up ASAP in light of recent events. But is the premium worth it? More importantly, are you eligible to get it based on your zoning? Read more from BankRate.com.
Medicaid in Massachusetts, known as MassHealth, provides long-term care coverage to eligible low-income seniors within the state. Applying for this coverage can be daunting, but understanding the big picture can be helpful.
There is no need to hunker down in just the SP500 or gold to see returns, diversification is preached for a reason. This chart shows annual returns for eight broad-based asset classes. Notice how the “leadership” changes from year to year, and how competitively the diversified portfolio performed over 20 years (see the “annualized return” column).
Pre-paying a funeral is a way to plan and cover the costs associated with your end-of-life services in advance. Pre-paying can come into play to ensure services are carried out as intended, to help with Medicaid eligibility, and provide a little reprieve of responsibility as loved ones grieve.
One of the most frequently asked questions I’m receiving these days is related to paying off debt and financing options. Gone are the days of a 2.5 – 3.5% mortgage. Whether it be for a home purchase, improvement, car, or business venture, here are some options to consider if you’re looking for financing.
Student loan proposals didn’t go in Biden’s favor during debt ceiling negotiations and a deciding vote by the Supreme Court. The Biden Administration hopes to now find a win revamping the income-driven repayment plan.
Your child’s IEP and support network will not follow them to college, so it’s critically important for them to become their own advocate as they navigate the world of college accommodations.
Here are the top three suggestions on how a senior may be able to make use of ChatGPT in ways that are different than what’s already available through other popular technologies.
8 steps to help with financial planning as you consider an LGBTQ-motivated relocation. Plus info from ACLU and Wallet Hub on related state-by-state law proposals and tax burdens.
I’ve had a slew of clients adding “wedding” to their list of goals. Is their 20-something child even engaged yet – not necessarily, they just want to be prepared when the special day comes. But a part from funding the day, there is plenty else to consider as two become one.
What any bank depositor should know about Silicon Valley Bank and their own FDIC coverage.
There are SO many articles about layoffs and jobs being left unfilled. It makes you think about your own preparedness in the event of job loss. Here’s my game plan for helping you go from layoff to takeoff.
Read how you may be able to save a bit on taxes if considering a CCRC. You may potentially be able to deduct a portion of the initial buy-in and ongoing rent.
What’s the best way to discuss financial limits as a family without stressing out children? How can parents support children’s well-being while taking care of their own?
It’s time to make sure you’re financially accounted for before the new year rolls around. It may be maxing out HSA and retirement plans, settling debt, or holding realistic assumptions about your spending habits. Here is a full list to consider tackling.
There have been so many recent announcements related to 2023 adjustments, let’s just tackle them all together!
Open enrollment for Medicare is here (October 15 – December 7), and POWWOW encourages clients aged 65+ to work with a trusted resource to ensure existing coverage is still suitable.
Feelings have run amok after Biden outlines his executive action for student loan forgiveness. Read about the program and my own thoughts.
Solar panels, corporate taxes, and Medicare prescription drugs – oh my! Read the highlights of Biden’s latest bill.
From one of our favorite local attorneys, Adam Minsky discusses the likelihood of Biden offering additional forgiveness and deferment on student loans, despite Republicans submitting a bill to resume payments.
Raising rates may be throwing the market into turmoil… but it’s finally an opportunity to make some money on cash!
When agreeing to move forward at a retirement community, be prepared for the paperwork so you don’t encounter delays.
The housing market has been frustrating for buyers, but there are signs that those frustrations might be easing.
If you’ve owned a LTC policy for 10+ years you’ve likely received a premium increase. Should you accept it or adjust coverage instead?
Questions about retirement often center around the financial logistics, but how your time will be spent should also be considered.
Wondering how to prepare for travel apart from packing a bag? Here is the shortlist of what I did to ensure myself, family, and clients would be taken care of in case of an emergency.
Despite it being no secret that money can cause a breakup, being on the same page about finances is not usually considered at the start of a relationship.
Will cash app and marketplace transactions be reported to the IRS? For many more than ever before – yes!
Effectively benefiting the next generation comes in all shapes and sizes, learn about your options to gift relative to your net worth.
Will cash deposits above $600 soon be reported to the IRS? Technically no, but for some effectively yes.
SECURE Act 2.0 focuses on incentivizing people to save more for retirement. But will it be passed?
Planning ahead for IRMAA surcharges has become more important as the bracket tiers narrow and Medicare premiums increase.
Given the average cost of a COVID-19 hospitalization in 2020 ran about $42,200 per patient, will the unvaccinated be asked to bear more of the cost of treatment, in terms of insurance, as well?
While the checklists grow and the kids soak in the last few minutes of summer break, it’s important to remember college planning and back-to-school shopping.
Your office may be reopening and you’re in a position to secure and afford child care. The Balance does a great job explaining care options.
POWWOW, LLC was recently featured by Linda Lecomte, REALTOR® in her new Andover-area inspired website and newsletter Shop Dine the Andovers.
Federal student loan payments and collections are set to resume in October 2021. There is a chance that the pause may be extended or a ramp-up plan will be put in place.
Acceptance letters are rolling in and it’s time to make a decision on college. If your top pick is more expensive than the rest… ask for more aid. Here’s how from Student Loan Hero…
President Biden’s $1.9 trillion stimulus package cleared its final hurdle in Congress on Wednesday despite no Republicans voting in favor of it. The plan contains a range of measures such as a further direct round of payments to most Americans, amounting to more than $400 billion.
When receiving treatment options for a diagnosis, learn when you may want to reach out to a doctor vs a health advocate.
Commonplace strategies for helping an aging parent can blow up in your face if you have a college-bound child. Read how.
The holidays are here as we struggle to find balance between safe and sane during COVID-19. Your children are likely looking forward to the normalcy of holiday tradition,
Read about how tax planning opportunities could change in the coming years due to the upcoming election.
Effective options to reduce credit card debts without hurting your credit If you have a lot of credit card debts on your shoulder, consolidating them
If you’re worried about downsizing your home, you really shouldn’t be. While finding the right home for your budget and planning a move can feel