Company Blog

What is the “Federal Funds Rate”?

Written by:  Jamie Kresge, Abington Financial Group In December 2015, the Federal Open Market Committee (FOMC) raised the federal funds target rate to a range of 0.25% to 0.50%, the first shift from the rock-bottom 0% to 0.25% level where it had remained since December 2008. The federal funds rate is the interest rate at which… Read more »

2015 Year-End Tax Planning Basics

From Jamie Kresge of the Abington Financial Group  As the end of the 2015 tax year approaches, set aside some time to evaluate your situation and consider potential opportunities. Effective year-end planning depends on a good understanding of both your current circumstances and how those circumstances might change next year. Basic strategies Consider whether there’s an… Read more »

Hospital Patients to Receive Notice of Observation Status

From Marshall, Parker, & Weber, LLC Elder Attorney A new federal law will require hospitals to notify patients of their status as outpatients. H.R. 876 Notice of Observation Treatment and Implication for Care Eligibility (NOTICE) Act was signed into law by President Obama on August 6, 2015. Outpatient status limits the patient’s ability to receive… Read more »

Strengthening Medicare

From, written by Patricia Barry, John Burgess, AARP Bulletin, July/August 2015 Medicare has made an enormous difference in the health and lives of older Americans, but, as with every big program, there’s room for improvement. We asked experts for specifics. The suggestions listed below vary in cost and savings and are not universally supported. But all seek to… Read more »

The Property Tax/Rent Rebate Program

Source from the Pennsylvania Department of Aging The forms to apply for the Property Tax/Rent Rebate Program for money paid for  property taxes or rent during 2013 are now available from the Department of  Revenue. Pennsylvania residents who are 65 and older; widows and widowers age 50 and older; and people with disabilities age 18… Read more »

PA Free File – New Fast, Free, Personal Income Tax Filing

Source from the Pennsylvania Department of Aging The Pennsylvania Department of Revenue announced that PA Free File, which offers free, safe and convenient Internet-based, electronic filing options, will be available this year for qualifying taxpayers to file state and federal personal income tax returns simultaneously. To help taxpayers navigate the new e-filing options, the department has developed an Internet-based… Read more »

Top Ten Things to Waste Your Money On

Source from AARP, by Jeff Yeager, AARP, March 19, 2014 Expensive or not, think twice before spending your hard-earned dollars on these items Handbags The consensus among the women who responded on Facebook was that a new handbag offers the allure of promising to make you more stylish and more organized. “Purses! And I’m talking expensive ones, too!”… Read more »

VA Aid and Attendance Pension Explained

From Veterans Home Care, written by Valerie VanBooven, RN BSN Veteran care can have a wealth of benefits if you can find them. There seems to me quite a bit of misleading information on the internet. From the Department of Veterans Affairs benefit called the Aid and Attendance and Housebound Improved Pension. This pension benefit allows for around… Read more »

Q and A: Is a reverse mortgage a good idea for my Mom?

Question: Is a reverse mortgage a good idea for my Mom? Answer: A reverse mortgage is essentially a loan against your Mom’s home that she doesn’t have to pay back for as long as she lives in it. Thus, she can turn the value of her home into cash, giving her the ability to afford… Read more »

TAX ADVICE: Tax Deductions

Question: We are paying for most of my Dad’s medical expenses. Are there any tax deductions we can claim? Answer: Yes, you can. The first thing you want to do is to see if you can claim him as a dependent. You and he need to meet two tests to be eligible for the dependent… Read more »