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Here’s what you need to know about the changes coming to Medicare prescription drug coverage

If you or someone you know uses Medicare for health insurance, there are some important changes coming in 2025 that will make it easier to pay for medicines. The Inflation Reduction Act (IRA) has made waves in policy circles, not just for its broad economic implications but also for its targeted measures aimed at alleviating the burden of...

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Medicare Part D improvements

In response to the Inflation Reduction Act, for the first time in 2025, all Medicare prescription drug plans (Medicare Part D plans) will offer enrollees the option to pay out-of-pocket prescriptions drug costs in the form of capped monthly installment payments instead of all at once at the pharmacy.* Additionally, the Centers for Medicare &...

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Platinum Real Estate breaks down the new rules for selling a home—and commissions are affected

In March, as part of a landmark legal settlement, the National Association of Realtors agreed to settle a lawsuit by paying $418 million in damages and a requirement that multiple listing data services do not make mandatory a “field” stating how much, or if any compensation to an agent representing a buyer, will be paid or offered by the...

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POA for college-bound kids

For parents with kids heading off to college, this month is a frenzied scramble of list-making and checking off items like bed linens, tiny microwaves, refrigerators and laundry baskets. But while you’re focusing on the tangible goods, it’s good to take stock of your child’s legal status. Even though you’re paying the bills most of the...

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How Social Security is taxed

Understanding how Social Security benefits are taxed plays a crucial role in retirement income. By knowing the rules and tapping into tax strategies, I enjoy helping retirees maximize their after-tax income and optimize their financial stability throughout the retirement years. For many retirees, Social Security benefits form a crucial...

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