Retirement Watch Weekly
What You Need to Know About the Prescription Coverage Gap
It’s something Medicare beneficiaries often have trouble understanding. I’m talking about the prescription drug coverage gap, also known as the “doughnut hole” or “donut hole.” The coverage gap was part of the original Part D prescription drug program, but it has been changed several times since its inception in the 2000s. There were additional changes […]
Gold: Why It’s Important to Have Some In Your Portfolio Now
In my new Retirement Watch Spotlight Series, I’ll share my newest breakthrough strategies for protecting your assets and growing your portfolio, including how to prepare for the next market downturn. Click here now to learn more. […]
How to Get an Estate Tax ID Number
The federal estate tax is a tax paid after a person’s death on the value of the person’s property. A large amount of an estate is exempt from the federal estate tax. In 2021, the exempt amount is $11.7 million. The amount is indexed for inflation each year. So, only the wealthiest estates […]
How to Reduce or Avoid Estate Taxes
The federal estate tax is a tax on the value of property a decedent owned at the time of his or her death. The tax is paid only by estates that exceed the exemption amount, which is $11.7 million for 2021. It is indexed for inflation each year. Tax rates range from […]
Understanding the Estate Tax
The federal estate tax is paid on the value of property a person owned at the time of his or her death. In 2021, the federal estate tax only applies to estates with values exceeding $11.7 million. The amount is indexed for inflation each year. How Estate Tax Works To determine […]
Bob’s Journal for 11/12/20
Medicare Premiums Will Increase in 2021 Along with Other Costs Medicare premiums will increase in 2021 along with other costs, the Centers for Medicare and Medicaid Services (CMS) recently announced. The monthly premium for Part B, which covers most doctor’s services and similar non-hospital care, will rise to $148.50. The Part B premium is $144.60 […]
What are the Most Commonly Used Probate Forms?
Probate can be a long and expensive process in which an estate is settled and distributed to the next generation of owners. During probate the estate’s administrator, who sometimes is called the executor or personal representative, prepares and files forms with the probate court. What is Probate? Probate is the legal process that […]
10 Tips to Avoid Probate
Probate is the legal process that ensures your debts are paid and legal title of your assets is transferred to the appropriate heirs and beneficiaries. If you have a will, the probate process will determine whether the will is authentic and valid. Probate is necessary in all cases. While having a last will […]
