Author Archives: Jay Butchko
How 50 Somethings Can Unbundle Their Finances From Those Of Their Adult Children
Family togetherness is a beautiful thing. If your family stays together through times of prosperity and financial hardship, this is something to celebrate. Meanwhile, the key to discord is to be in each other’s business about every decision, especially financial decisions. Some happily married couples will tell you that one reason they get along… Read More »
When Nursing Home Plans Fall Through
A career in Washington DC is exciting; you may feel that you are at the center of the universe and your children get to see firsthand what most people only get to read about in news headlines. You might decide that, even after retirement, you never want to leave D.C.; how dull must the… Read More »
If You Want To Be Able to Continue To Afford Shower Gel, You Need An Estate Plan
You can tell who has someone on the outside who cares about them, because those are the ones who have a supply of pretzels to munch while they watch TV or a set of crayons with which to decorate Christmas cards for their relatives and postage stamps with which to send these cards. It… Read More »
Beware Of The Five-Year Look Back Rule For Medicaid Nursing Home Eligibility
Some people interpret every small coincidence as a sign that the government is watching their every move and trying to nickel and dime them out of all of their prosperity and enjoyment. For the most part, though, the government will not scrutinize your every transaction unless you do something to provoke it. That something… Read More »
What Should You Do With Your Old House After You Retire?
You don’t have all your plans for retirement worked out yet, but you are certain that you do not want to continue living in your current house. The D.C. suburbs are for workaholics and ambitious students, not for carefree retirees like you. Therefore, you have decided to relocate to an area that better fits… Read More »
Why Should You Start A New Business? Let’s Count The Reasons!
Daydreaming about entrepreneurship is one thing, but following the steps to establish a business is another. Operating your own business means working around the clock without any certainty of getting paid. When you are determined to bring your entrepreneurship dream to fruition, however, it is completely worth all the hard work. Your family and… Read More »
Providing Financial Support To Your Children Requires Strategy
You would be within your rights to decide that, now that your children are grown up, your income and your retirement savings are for you and no one else. Your goal is to be able to support yourself in retirement without depending on any family members except your spouse, and if there is anything… Read More »
Starting A Business In Maryland In 2023
You have always been the entrepreneurial type, but perhaps 2023 is the year when you have made a New Year’s resolution to establish your own business. A month has gone by, and the only progress you have made so far is enthusing to your friends at every opportunity about your great idea and how… Read More »
If You Live With Your Parents, Their Estate Plan Is Your Problem
Being part of the “sandwich generation” is one of the most difficult phases of life. An article published on Slate several years ago reported that the seniors that the authors interviewed chose their late 40s as the most stressful time of their lives. Although the survey respondents listed a variety of reasons for their… Read More »
Which Repairs Are The Tenant’s Responsibility?
If you think that renting out real estate properties will be a painless way to make money in your sleep, you will be sorely disappointed. Your rental properties may or may not be a source of stress while tenants are living there, but they will definitely stress you out every day that they are… Read More »
