A MiABLE account allows a disabled Michigan resident to save money in an account in their own name and not jeopardize eligibility for needs-based government benefits such as Supplemental Security Income (SSI) and Medicaid. Money can be withdrawn from the account to pay for “qualified disability expenses” and such expenditures will not be counted as […]
https://www.thomasdelpup.com/wp-content/uploads/2016/11/photodune-8578104-casual-businessman-in-wheelchair-smiling-at-camera-in-the-office-s.jpg632948Tom DelPuphttps://www.thomasdelpup.com/wp-content/uploads/2014/08/thomasjdelpup-lg-v3.pngTom DelPup2018-03-14 11:24:092018-03-14 11:27:00New Tax Law Boosts Michigan ABLE Accounts for the Disabled.
Bicycling in Michigan has enjoyed a resurgence in popularity in recent years due in large part to the expansion of rail trails and other pathway systems, which allow cyclists to ride bikes off of roadways. Rail trails have become transportation corridors allowing cyclists to commute to work, exercise, or just sight see in a safe […]
We are approaching the end of the year and for many of you, 2017 is the first year you must begin taking a required minimum distribution from your traditional IRAs. As you may already know, the Internal Revenue Service rules require you to take a minimum distribution (known as “RMD”) from a traditional IRA each […]
https://www.thomasdelpup.com/wp-content/uploads/2014/11/photodune-7029553-ira-word-cloud-concept-angled-s.jpg775775Tom DelPuphttps://www.thomasdelpup.com/wp-content/uploads/2014/08/thomasjdelpup-lg-v3.pngTom DelPup2017-11-29 10:48:152018-11-01 20:57:17You Reached Age 70½ This Year, So When Must You Take Your First IRA Distribution?
According to an article at news.com.au, a woman from Queensland, Australia died of cancer in 2015. In an apparent effort to save money on her estate plan, she chose to use a cheap do-it-yourself will kit. The four page document had numerous hand-written attachments and contained multiple changes. It is likely to end up costing […]
What do you do when the time comes for an elderly parent to stop driving, but they won’t? When Stephen Petrow came face to face with dilemma, he and his siblings did something drastic – they anonymously reported their mother’s dangerously poor driving to the State of New York DMV. Although she passed the written […]
https://www.thomasdelpup.com/wp-content/uploads/2017/09/photodune-20305563-senior-woman-driving-car-II.jpg20063566Tom DelPuphttps://www.thomasdelpup.com/wp-content/uploads/2014/08/thomasjdelpup-lg-v3.pngTom DelPup2017-09-19 13:52:072017-09-19 13:52:07When The Elderly Refuse to Stop Driving: How One Family Took Action.
New Tax Law Boosts Michigan ABLE Accounts for the Disabled.
/in Disability, Disability Law, Medicare/MedicaidA MiABLE account allows a disabled Michigan resident to save money in an account in their own name and not jeopardize eligibility for needs-based government benefits such as Supplemental Security Income (SSI) and Medicaid. Money can be withdrawn from the account to pay for “qualified disability expenses” and such expenditures will not be counted as […]
Michigan Adopts E-Bike Law
/in UncategorizedBicycling in Michigan has enjoyed a resurgence in popularity in recent years due in large part to the expansion of rail trails and other pathway systems, which allow cyclists to ride bikes off of roadways. Rail trails have become transportation corridors allowing cyclists to commute to work, exercise, or just sight see in a safe […]
You Reached Age 70½ This Year, So When Must You Take Your First IRA Distribution?
/in Financial Planning, IRAs, Retirement Planning, Tax Planning, TaxesWe are approaching the end of the year and for many of you, 2017 is the first year you must begin taking a required minimum distribution from your traditional IRAs. As you may already know, the Internal Revenue Service rules require you to take a minimum distribution (known as “RMD”) from a traditional IRA each […]
The Pitfalls of DIY Estate Planning, Part ?
/in Asset Protection, Estate Planning, Financial Planning, Probate, Wills & TrustsAccording to an article at news.com.au, a woman from Queensland, Australia died of cancer in 2015. In an apparent effort to save money on her estate plan, she chose to use a cheap do-it-yourself will kit. The four page document had numerous hand-written attachments and contained multiple changes. It is likely to end up costing […]
When The Elderly Refuse to Stop Driving: How One Family Took Action.
/in Disability, Senior LivingWhat do you do when the time comes for an elderly parent to stop driving, but they won’t? When Stephen Petrow came face to face with dilemma, he and his siblings did something drastic – they anonymously reported their mother’s dangerously poor driving to the State of New York DMV. Although she passed the written […]