Today Congress passed one of NAELA’s top legislative priorities: provisions that protect children with disabilities of members of the military by allowing their parents’ survivor benefits to go into a special needs trust. The provisions were passed as part of the National Defense Authorization Act (NDAA) of 2015 and are substantively equivalent to the Disabled […]
Read More »New Study Indicates That Exercise Can Lower Alzheimer’s Risk By 40 Percent
No matter how you spin it, the news that exercise may help prevent and treat Disease X doesn’t really qualify as a surprise. That’s the default assumption these days. But when Disease X is Alzheimer’s, a progressive and irreversible degenerative brain condition with few effective treatment options, the finding is worth a closer look. Data […]
Read More »Maximize Your Savings with an Asset Protection Plan – IRS Announces New 2015 401(k) Plan Contributions
The IRS has expanded the contribution limits for employees with tax-favored retirement savings accounts. The maximum contributions for private sector 401(k) plans will be raised from $17,500 in 2014 to $18,000 in 2015. For people over 50 years of age, the “catch up contribution” for IRAs increases from $5,500 to $6,000. With enough advance planning, […]
Read More »Court Allows Survivor Retirement Benefits Payable to a Supplemental Needs Trust
In an earlier posting, we provided an overview of the benefits of a supplemental needs trust (also known as a “special needs trust”) for a disabled child. However, funding such trusts can pose some challenges. Recently, the highest court in New Jersey ruled in favor of allowing a retired firefighter to name a supplemental needs […]
Read More »New Breakthrough in Alzheimer’s Research
Researchers have announced the ability to create human brain cells that develop structures of Alzheimer’s disease in a petri dish. This gives researchers a new format to study the disease and to develop new drug treatments. Additional information can be found in a New York Times article found here: http://www.nytimes.com/2014/10/13/science/researchers-replicate-alzheimers-brain-cells-in-a-petri-dish.html?_r=0
Read More »