What is a Backdoor Roth IRA Conversion? The first time I ever wondered, “What is a Backdoor Roth IRA?” was reading about strategies to pay zero (or lower) taxes in retirement. A Roth IRA has a backdoor? I had no clue! I just assumed the income level requirements barred anyone making above Roth IRA contribution … Read more
Roth IRA Contribution Limits 2019 / 2020 In BOTH 2019 and 2020, your Roth IRA contribution limits are: $6,000 for the year. If you are older than 50, the limit is $7,000 Introduction The government changes Roth IRA contribution limits year to year. In this article, you will find Roth IRA contribution rules for 2019 … Read more
Double Mastectomy: How to Prepare and Recover Quickly Medicare Life Health’s author Crystal gives you first-hand information on having a double mastectomy including preparation and recovery information, helpful lists and tips. Approximately 1 in 8 women will get breast cancer in her lifetime. In addition, many of these women will have a mastectomy or bilateral, … Read more
What is Silver Sneakers? Maybe you just overhead your neighbor talking about his free gym membership, or maybe your doctor asked you if you are a SilverSneakers user. You might then be wondering, just what it Silver Sneakers? SilverSneakers(r) is a fitness and wellness program for seniors age 65 and up. It includes free gym … Read more
What Medicare Part A Covers Here is what Medicare Part A Hospital Insurance covers: Inpatient Hospital Care Skilled Nursing Care Stays at Skilled Nursing Facilities (short-term) Home Health Care Hospice Care In addition: Part A also includes inpatient care in a religious non-medical health care institution. Blood is also a Part A covered service. You … Read more
What is the Medicare Donut Hole? The Medicare Donut Hole (or Doughnut Hole) is a coverage gap in the Part D Prescription Drug Plan where beneficiaries could pay more for their drugs. The Center for Medicare and Medicaid Services (CMS) calls the coverage gap a “temporary limit” on what their drug plan will cover. Why … Read more
Caring for Elderly Parents: A How To Guide Welcome to the ultimate guide to caring for elderly parents and/or grandparents. Aging is a natural part of life, and everyone should have a care plan for themselves and their aging loved ones. This guide helps you make the tough decisions to keep your loved ones safe … Read more
What is Disability Insurance? If you depend on your income or a family member’s income to pay for daily living expenses, then you need to answer, “what is disability insurance?” Disability insurance protects your family from a loss of significant income when you get sick or injured and cannot work. There are two types of … Read more
What is a Reverse Mortgage? Reverse mortgages can be very intriguing to those that are reaching retirement age. Additionally, they can be intriguing to those that are in retirement and concerned about cash flow. So, just what is a reverse mortgage? Why do people take them out? And, are they good or bad? Reverse Mortgage … Read more
Best Gifts for Elderly in Nursing Home & Assisted Living When it comes to gift giving, you always want to be thoughtful and helpful. This is especially true when you are shopping for the best gifts for elderly in nursing home. These are also great gifts for seniors in assisted living. There are our top … Read more