Big retirement mistake: Boomers with no estate plan

By Making the Most of your Medicare, Uncategorized, Understanding Health Care Reform No Comments

Many Baby Boomers are neglecting a key part of their retirement plans — creating an estate plan. And while death is not a pleasant thing to think about, death without an estate plan can create havoc for your surviving family members, financial planners warn. “I think that on a list of things to do, it’s at the bottom, if it even makes the list,” says Nicole Hart, director of trusts and estates at Sontag Advisory, a New York-based wealth adviser. It’s important not to look at financial planning in a vacuum,” says Manhattan estate planning and elder care attorney Ann-Margaret Carrozza. “Estate planning is intertwined with the financial plan.” “If you are looking at Baby Boomers, they are looking at what their cash flow will be in retirement,” says Carol Kroch, managing director, wealth and philanthropic planning at Wilmington Trust in Wilmington, Del. “Can they do the things they want…

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“Dallas Buyers Club” Missouri’s “Right to Try” law

By Making the Most of your Medicare, Uncategorized, Understanding Health Care Reform, Wellness Wednesday No Comments

Whether it’s colon cancer, pancreatic cancer or other variation of terminal illness many clients who exhaust their treatment options now have a beacon of hope thanks to a new law that went into effect last year. Missouri became the second state after Colorado to put a “Right to Try” law into effect. The Right to Try “RTT” bill (HB 1685) empowers terminally ill patients the right to try medications that have not been approved by the FDA. The RTT bill aims to hasten access to unapproved drugs by eliminating the FDA’s role in the process. Since the 1960s, FDA has mandated  that medications go through a rigorous three-stage investigation before doctors can prescribe them.  RTT laws will help patients running out of time to expedite this process to obtain medication that may otherwise take as long as a decade to receive FDA approval. Read more on experimental therapy and how other…

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