Blog

Why Wealthy Retirees Don’t Spend Their Money

While the US economy is in a cycle of more than ten years of economic growth, its citizens, even the “wealthy” ones, are worried about running out of cash and are scared to spend. Bloomberg.com is reporting many retirees, and near-retirees are sitting on their wealth in much the same way large corporations are hoarding …

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Meeting with Family About Elder Care

A family caregiving meeting is an essential tool when dealing with the care of an aging loved one. These meetings are beneficial for helping to keep all family members abreast of decisions that need to be made, changes in diagnosis or prognosis, and helps to ensure that all family members feel that they have a …

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The Latest News on Autism in America

The prevalence of autism is on the rise in the US. Because the condition first manifests itself before the age of 3, the majority of people receiving new diagnoses are under the age of 6. Autism spectrum disorder (ASD) refers to a broad range of behavioral conditions that include challenges with social skills, speech, and …

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Age Well While Saving Money

Your senior years should not be plagued with money woes. The stress that money problems bring not only ruins your aging experience but can also be disastrous to your health. Rising health care costs and your increased need for health care can add up to big bills that can further tax your health. To age …

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Social Security Benefit Regulations for a Retired Parent and His/Her Spouse of Children with Special Needs

Authored by:  Stephen R. Elville, Esq. – Elville and Associates, P.C. – 443-393-7696, steve@elvilleassociates.com, @elvilleassoc When a parent of a child with special needs retires and begins receiving Social Security retirement benefits, the child may qualify for Social Security Disability Insurance (SSDI) based on the parent’s work record if the child’s disability manifested itself before …

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Caregivers Using Technology to Better Serve Seniors

The Centers for Medicare and Medicaid Services are looking to the future of the US health care system, and it is projected to be overloaded with seniors needing medical care. In 2010 the US elderly population accounted for about 13 percent of the US population yet accounted for 34 percent of the total health care …

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Exceptions to the Early Withdrawal Penalty for IRAs, 401(k)s, and Other Qualified Plans

Authored by: Stephen R. Elville, Esq. — 443-393-7696, steve@elvilleassociates.com, @elvilleassoc   Individual Retirement Accounts, 401(k)s, and other qualified plans allow an employee to shelter his or her retirement savings, tax-free, until retirement. When an employee withdraws funds from his IRA or 401(k), the amount withdrawn is considered taxable income. Because of this favorable tax treatment, …

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The Ins and Outs of Family Members Being Paid as Caregivers from Special Needs Trust Funds

Authored by: Stephen R. Elville, Esq. — Elville and Associates, P.C.– 443-393-7696, steve@elvilleassociates.com, @elvilleassoc Trustees of special needs trusts are often approached by family members of trust beneficiaries who would like to be paid as caregivers for the beneficiaries. While the Social Security Administration (SSA) currently does not explicitly prohibit payment of family caregivers from …

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Olivia R. Holcombe-Volke Recognized for Pro Bono Estate Planning Work

At Elville and Associates, P.C., we couldn’t be more proud of Partner Olivia Holcombe-Volke for her tireless pro bono estate planning work with the Maryland Volunteer Lawyers Service. Olivia is a true advocate for those in need of assistance, and the link to the article below captures the essence of the need for more people …

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