In this Elder Law Minute, Wes Coulson, O’Fallon Illinois Elder Law attorney, discusses another topic from the video series Married Couples and Medicaid and discusses IRAs and other retirement assets with regard to establishing Medicaid eligibility for someone who is married. Married Couples and Medicaid: Dealing with IRAs and Other Retirement Assets Transcript: Hi, I’m […]
Do IRAs and Other Retirement Assets Count in Determining VA and Medicaid Eligibility?
In this Elder Law Minute, Wes Coulson, Illinois and Missouri Elder Law attorney, discusses whether IRAs and other retirement assets are taken into consideration in determining whether somebody meets the asset limit for VA benefits or Medicaid eligibility. ? Do IRAs and Other Retirement Assets Count in Determining VA and Medicaid Eligibility? Transcript: Hi, I’m Wes […]
IRAs and Asset Preservation Planning
When it comes to IRAs, it seems the strategy people most opt-in for is to withdraw the minimum required amount in order to defer paying taxes for as long as possible. Unfortunately, while this strategy seemingly saves tax dollars now, it may ultimately cost more in tax dollars later when they decide to do asset […]
What you can and can’t keep with Medicaid: IRAs and Other Retirement Assets
Having IRAs and other retirement assets can give us peace of mind that we have provided for our future, usually offering us great tax benefits, as well. But, when it comes to Medicaid eligibility, these retirement assets aren’t looked at the same way. Specifically in Illinois and Missouri, IRAs and other retirement assets are treated […]
Differences Between Traditional and Roth IRAs
In this Estate Planning Minute, Wes Coulson highlights a few differences between both Traditional and Roth IRAs that may be helpful when making retirement planning choices. Differences Between Traditional and Roth IRAs Transcript: Hello, this is Wes Coulson and this is your Estate Planning Minute. I want to highlight a few differences between Traditional and Roth IRAs. […]
