What to Look For When Buying an Annuity
Entrusted Legacy Law
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Mar 24, 2023
Pennsylvania - Greater Pittsburgh Area
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An annuity can be a useful tool for long-term care planning, but annuities are also complex financial products that are hard to understand. If purchasing an annuity, you need to consider your options carefully.
An annuity is a contract with an insurance company under which the consumer pays the company a certain amount of money and the company sends the consumer a monthly check for the rest of his or her life, or for a certain term. Annuities come in many flavors. They can be deferred (begin paying out at a later date) or immediate (begin paying out right away). They can pay a fixed amount each month or pay out a variable amount based on how the money is invested. While a fixed immediate annuity can be a good Medicaid planning option for a married couple, other annuity products can be quite complex and confusing and are not right for everyone.
If you have decided an annuity is the right choice for your long-term care or retirement plan, you need to shop around to find the right product. The following are some purchasing tips:
- Check the terms. Be sure to read the annuity contract carefully. Annuities often have surrender charges that penalize you for withdrawing your money too early. You need to understand for how long you won’t be able to access your money and when payouts begin. There may also be other fees associated with the annuity as well as optional riders. Understanding the fees will allow you to shop around to find the best product.
- Choose your salesperson. Insurance companies often pay generous commissions to the brokers who sell their particular annuities, payments that many of the brokers don't disclose. They also generally don't disclose whether they are paid more or less by one insurance company than another or whether the annuity being sold is the best option for the consumer. Ask your broker questions to determine how they are paid. You may want to seek a second opinion to make sure your salesperson isn't steering you into a product that isn't right for you.
- Select a sound insurance company. Annuity payments are often supposed to last a lifetime, so you want an insurance company that will stick around. Make certain that the insurer is rated in the top two categories by one of the services that rates insurance companies, such as A.M. Best, Moody's, Standard & Poor's, or Weiss.
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Helpful Books for Caregivers: Essential Resources for Support & Guidance
The books listed below are shared as helpful suggestions for family caregivers. While they are available for purchase on Amazon and other retailers, Seniors Blue Book does not endorse any specific title or author, nor do we receive compensation for listings. Our goal is simply to offer resources that may provide guidance, support, and comfort to those navigating the caregiving journey.1. The Caregivers Survival Handbook: How to Care for Your Aging Parent Without Losing Yourself by Alexis AbramsonFocus: Practical guidance and emotional support for caregivers balancing their own needs with the demands of caregiving.Why It's Helpful: This book helps caregivers maintain their well-being while managing the responsibilities of caring for an aging loved one.2. The 36-Hour Day: A Family Guide to Caring for People Who Have Alzheimer Disease, Related Dementias, and Memory Loss by Nancy L. Mace & Peter V. RabinsFocus: Alzheimer's care and dementia-related conditions.Why It's Helpful: A highly recommended resource for caregivers of individuals with Alzheimer's or other types of dementia. It offers practical advice on day-to-day care and understanding these conditions.3. Taking Care of the Caregiver: A Guide to Finding Balance in the Midst of Caregiving by Mary Ann ORourkeFocus: Stress management, self-care, and maintaining balance.Why It's Helpful: This book provides caregivers with techniques for managing stress and preventing burnout, which is vital for sustaining long-term caregiving.4. Caring for a Loved One with Dementia: A Mindful Caregivers Guide by Suzanne R. BarchersFocus: Mindfulness-based caregiving strategies for dementia care.Why It's Helpful: Emphasizes the importance of mindfulness for caregivers, helping them stay calm and connected while caring for those with dementia.5. When the Time Comes: Families with Aging Parents Share Their Struggles and Solutions by Paula SpanFocus: Personal stories from families navigating the caregiving journey.Why It's Helpful: This book offers real-life examples and advice from families who have been through the challenges of caregiving, making it relatable and practical.6. The Family Caregivers Manual: A Practical Guide to Caregiving by Caroline D. G. ArvidsonFocus: General caregiving tips and strategies.Why It's Helpful: A practical guide that covers various aspects of caregiving, including managing care routines, financial planning, and dealing with family dynamics.7. Elder Care Made Easier: Doctor Marions 10 Steps to Help You Care for an Aging Loved One by Marion SomersFocus: Step-by-step caregiving advice for aging loved ones.Why It's Helpful: Offers clear and concise steps to handle common challenges caregivers face, with advice from an expert in the field of aging and caregiving.8. The Caregivers Guide to Self-Care: 12 Strategies for Getting the Support You Need to Care for Your Aging Parent by Dr. Anna S. JohnsonFocus: Strategies for caregivers to take care of themselves while caring for others.Why It's Helpful: This book emphasizes self-care techniques and offers strategies to prevent burnout, which is common among family caregivers.9. What to Do When Im Gone: A Mothers Wisdom to Her Daughter by Susan OConnellFocus: Planning for the future, especially for caregiving for elderly parents.Why It's Helpful: A guide to making plans for the care of elderly parents and finding peace of mind when transitioning into this role.10. How to Care for Aging Parents by Virginia MorrisFocus: Comprehensive caregiving strategies and legal/financial planning.Why It's Helpful: Covers a broad range of topics that caregivers face, from legal considerations to managing medical care, making it a comprehensive resource.
Old People Are Cool: Tyler event celebrating senior citizens to be held April 25
On April 25, 2025, the city of Tyler, Texas, embraced a powerful and joyful message: Old People Are Cool. Held at Oak Hills Terrace Memory Care, the inaugural Old People Are Cool Day brought together residents, caregivers, and members of the wider community to honor the vitality, wisdom, and lifelong contributions of senior citizens. The event was more than just a celebrationit was a statement. As part of the growing Old People Are Cool movement, which began in 2021, the day sought to challenge ageist stereotypes and promote a culture of respect, inclusivity, and admiration for older adults. Rather than viewing aging as a decline, the campaign aims to reframe it as a vibrant, meaningful, and essential stage of life. At its core, the initiative stands against the quiet but damaging effects of ageismassumptions and biases that often sideline older people, making them feel invisible or unimportant. The Old People Are Cool movement turns that narrative on its head by shining a spotlight on seniors as dynamic individuals with rich histories, evolving dreams, and much to teach the younger generations. The Tyler event marked a public and communal affirmation of this philosophy. The energy at Oak Hills Terrace was electric. Music, laughter, storytelling, and multigenerational conversations echoed through the halls and outdoor areas. The celebration included engaging activities tailored to residents and guests alike, ranging from arts and crafts to dancing, games, and personal tributes. The mood was festive but also deeply meaningfulan intentional pause in daily life to celebrate those who have helped shape families, communities, and institutions. Sarah Klepfer, the organizer behind the event, played a key role in making Old People Are Cool Day an official part of the citys calendar. Through her efforts, a local proclamation was made to formally recognize the day, adding a civic stamp to what many already knew: seniors are a treasure, not a burden. Attendees expressed both gratitude and inspiration. For the older adults, the day served as a rare opportunity to feel publicly seen and celebrated. For younger community members and volunteers, it offered a fresh perspectiveone that emphasized connection, curiosity, and the wisdom that can only come from experience. The event also highlighted the need to strengthen intergenerational bonds. When older and younger people interact meaningfully, it helps dispel myths on both sides and nurtures a sense of continuity and mutual respect. By creating an event that welcomed families, students, and neighbors, the organizers helped build a stronger, more empathetic community. Old People Are Cool Day stands out not just for its cheerful tone, but for its deeper cultural purpose. In a society that often elevates youth and overlooks aging, this celebration encourages everyone to reflect on the full arc of human lifeand to recognize the inherent dignity and uniqueness in every stage. It calls on us to ask: What kind of society do we want to live in? One that silences its elders, or one that listens to them? Tylers embrace of this event could serve as a model for other cities. The success of the celebration suggests that many people are hungry for a new way to engage with agingone that honors legacy without reducing seniors to a single identity. Aging is not a punchline or a decline; it is a journey of growth, resilience, and continued relevance. As the sun set on April 25, the smiles and stories shared during the day lingered in the hearts of those who attended. For many, it wasnt just a nice eventit was a necessary one. It reminded everyone that aging is not something to be pitied or hidden, but something to be respected, shared, and yes, celebrated. With this years event making such a strong impact, its likely that Old People Are Cool Day will become a staple of Tylers cultural calendar in the years to come. And if its message spreadsas it shouldit could help rewrite how America sees and treats its senior citizens, one city at a time. After all, old people aren't just cooltheyre essential.
82-Year-Old Philadelphia Man Runs Blazing Fast 100-Meter To Win Legendary Race In Pouring Rain
At 82 years old, Domenic Stellato isnt slowing downhes speeding up. In a display that stunned spectators and inspired athletes of all ages, Stellato took home gold in the 100-meter dash for the 80-and-over age group at the prestigious Penn Relays. The event, which unfolded in the middle of a torrential downpour, showcased not just elite athleticism, but an unshakable spirit. The Penn Relays, held annually in Philadelphia, are one of the oldest and most storied track and field meets in the world, attracting elite competitors across all age groups. But this year, all eyes turned to an unlikely star: a local octogenarian who sprinted into history. Stellato, a Philadelphia native, clocked an astonishing 16.02 seconds in the 100 metersan achievement remarkable not only for his age, but for the brutal weather conditions that plagued the meet that day. Rain poured relentlessly onto Franklin Field, drenching competitors and soaking the track, yet Stellato powered forward with focused determination. What makes this feat even more impressive is that it wasnt just a casual, ceremonial jog. Stellato ran to winand he did. Competing in the Masters Mens 100m Dash for athletes 80 and older, he left fellow competitors behind, establishing himself as one of the fastest men in his age bracket. The victory was met with cheers from the stands and admiration from across the track and field world. For Stellato, this was not a novelty but a continuation of a lifelong dedication to athletics. While many his age may have long since retired from physical activity, he has maintained a consistent fitness routine, staying agile, strong, and mentally focused. He regularly participates in track events and has earned a reputation in the masters athletics community as someone who brings both humility and ferocity to the competition. His Penn Relays performance is a compelling counter-narrative to the common assumptions about aging. In a society that often equates age with decline, Stellatos sprinting form tells a different story: one of perseverance, discipline, and the enduring capability of the human body when nurtured with care. It's a reminder that passion doesnt have an expiration dateand neither does excellence. Footage of Stellato's run quickly went viral, circulating on social media platforms where fans and fellow athletes celebrated his grit. Comments poured in, ranging from awe to motivation, with many younger viewers admitting theyd be lucky to match that speed even now. For many, seeing someone in his 80s run with such powerthrough wind and rainwas more than impressive; it was transformative. Stellatos victory also brings attention to the growing world of masters athletics. Designed for older competitors, these events promote healthy aging and provide an outlet for lifelong athletes to continue doing what they love. Far from being mere exhibitions, these races are intensely competitive and often feature rigorous training and preparation. Domenic Stellato exemplifies the high bar these athletes set and the passion that drives them. The race also highlighted something more universal: the idea that physical limits are often mental ones. Stellatos performance is a call to reconsider what is truly possible with dedication, discipline, and love for the craft. Even as many his age are dealing with the limitations of old age, he is defying expectationsrunning toward goals while most are slowing down. Perhaps the most moving part of Stellatos story is not just the time on the stopwatch but the look on his face as he crossed the finish line: fierce, proud, and undeterred. Its an expression shared by champions of all ages, from Olympic gold medalists to first-time racers. Its the face of victoryearned, not given. In the days following the event, Stellato has become something of a local legend, drawing admiration from the Philadelphia community and beyond. Though he may be modest about the attention, his achievement will resonate long after the track dries. Hes not just racing against competitors; hes racing against time, doubt, and complacencyand winning. As the crowd dispersed and the rain finally let up, one thing became clear: Domenic Stellato didnt just win a racehe made a statement. Age may catch up to all of us eventually, but for now, Domenic is still outpacing it.
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Elder Law 100 Pinewood Lane Suite #303, Warrendale, Pennsylvania, 15086Our Firm Prepares You for Life What makes our firm different is that we were built with the needs of growing families in mind. We understand you are BUSY, you are growing, you are planning for a life of prosperity and you value ease, convenience and efficiency. You are raising children, and caring for elderly parents, while also working hard to build your own nest egg for a lifetime of support. You want to know youve made the best decisions for your family and that your plan will work when your loved ones need it most. You want to make sure your minor children would be raised by the people you choose, and never by anyone you wouldnt want, and that your teens and adult children are properly prepared to care for you and what you leave behind. You want to feel confident that youve made the right choices, and handled everything so that you arent leaving behind a mess, when something happens. That is our focus as well. Weve developed unique systems to give you the same access to a Personal Family Lawyer as was previously only available to the super-wealthy, so you can have the guidance you need to build and maintain a life of prosperity and wealth. And, to keep your family out of court and out of conflict, which is the greatest risk to the people you love and all you have created, even if youve already worked with a traditional lawyer or created documents online. Our Team Is Here for You We encourage communication with our clients. In fact, weve thrown out the time clocks so you never have to be afraid to call with a quick question. Everything we do is billed on a flat-fee basis, agreed to in advance, so there are never any surprises. We have a whole team to serve you. When you call our office to ask your quick question, you wont have to wait hours or days for a phone call back. Youll get your question answered, right away. And, if you need to schedule a more in-depth legal or strategic call with your Personal Family Lawyer, a call will be scheduled when you're both available and ready for the call so we can make the very best use of your time and not waste your time by leaving voicemail after voicemail back and forth. And, we ensure the most important details of your planning are followed through on and your plan continues to work throughout your lifetime. We have a funding coordinator to ensure your assets are owned the right way throughout your lifetime and none of your assets will end up going through a long, expensive court process or being lost to the state because they were missed after your death. Weve created unique membership programs to keep your plan up to date year in and year out as well as give you access to our Trusted Team of Legal Experts for guidance on ANY legal or financial matter. One day you will need a lawyer. I dont know why and I dont know when, but when you do, you will be grateful you can call on us and well be here to advise you or get you out of a jam. We Help You Transfer Your Life and Legacy Lastly, we believe your financial wealth is only a small part of your overall Life and Legacy Planning which is made up of your far more valuable and most often lost upon incapacity or death intellectual, spiritual and human assets. These assets are what make you who you are, and sum up whats most important to you. And, a survey of inheritors has revealed that what they care about even more than inheriting your money, is inheriting these intangible assets. Most estate plans only focus on the transfer of your financial wealth to the next generation. Most people have such great intentions of passing on the intangible, but very few ever get around to it. Its just not a priority, until its too late. How much do you know about your grandparents values? Their most prized personal possessions? How they felt about you? What they had learned during their lifetime? If you are like most people, you know very little. Thats why we build the capture and passage of these most valuable assets into every estate plan we create. Not only will we help you pass on your money, but also your values, your insights, your stories and your experience the truly valuable assets your loved ones care about the most. Weve developed a tool that allows us to capture and pass on your whole family wealth, including your Intellectual, Spiritual and Human assets. I cant go into all of the details here, but well definitely talk about it when you come in for your Life and Legacy Planning Session.
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Special Needs Trusts 100 Pinewood Lane Suite #303, Warrendale, Pennsylvania, 15086Comprehensive Special Needs Estate Planning & Special Needs Trusts in PennsylvaniaEstate planning for families with special needs children presents a unique set of financial, legal, and healthcare challenges that require the expertise of a special needs planning attorney. Not all estate planning lawyers understand the intricacies involved, but the experienced special needs estate planning attorneys at Entrusted Legacy Law are dedicated to ensuring your child with special needs is fully protected when you are no longer able to serve as their primary caregiver.We provide a full range of estate planning services tailored to families with special needs children in Pennsylvania. Our goal is to help you preserve assets for your childs future care while ensuring they remain eligible for essential government benefits like Medicaid and Supplemental Security Income (SSI). We assist in setting up special needs trusts (SNTs) to safeguard financial resources, appointing legal guardians and trustees, and identifying long-term care options to ensure your child receives the best possible support and housing solutions.Special Needs Trusts & Asset ProtectionOne of the most significant challenges in special needs financial planning is ensuring that your child has adequate resources without jeopardizing their eligibility for public assistance programs. Many families unknowingly risk disqualifying their child from essential benefits by leaving them a direct financial inheritance. Instead, the best strategy is to establish a special needs trust to provide financial security while preserving their access to Medicaid, SSI, and other government assistance programs.A properly structured special needs trust allows funds to be used for supplemental expensessuch as medical care, therapy, education, and personal carewithout affecting eligibility for disability benefits. However, the regulations governing these trusts are complex. Funds must be managed by a designated trustee and cannot be distributed directly to the beneficiary, as this could trigger disqualification from public benefits. Additionally, a child's needs evolve over time, making it critical to have a trust that can adapt to changing circumstances and legal requirements.By working with an experienced Pennsylvania special needs attorney, you can ensure that your childs special needs trust is legally sound, structured correctly, and customized to their specific requirements.Special Needs Planning for Families in PennsylvaniaAt Entrusted Legacy Law, we specialize in estate planning for children with disabilities, including Down syndrome, autism, cerebral palsy, and other developmental or intellectual disabilities. Our firm helps families create a comprehensive life care plan that provides financial security while safeguarding access to government benefits and essential support services.Whether you need help establishing a special needs trust, securing a legal guardian, or planning for long-term care and housing, our Pennsylvania special needs planning attorneys are here to guide you through every step of the process.Contact Entrusted Legacy Law today to start creating a sustainable, secure future for your child with special needs.
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You need to understand how your current estate plan (or lack thereof) will impact your family so you can make informed decisions about whether it truly aligns with your wishes.How Entrusted Legacy Law Helps You With Estate PlanningWe offer customized estate planning solutions designed to protect your family, preserve your wealth, and ensure your wishes are honored. Through our Life and Legacy Planning Session, we take the time to educate you on the legal, financial, and personal implications of your estate choices.Step 1: The Life and Legacy Inventory & AssessmentBefore your Life and Legacy Planning Session, you will complete a comprehensive estate inventory that outlines your financial assets, real estate holdings, retirement accounts, life insurance policies, and other valuable property. This step ensures that we have a full picture of your estate and can identify potential gaps in your asset protection strategy.Step 2: Creating a Personalized Estate PlanIf you decide that your current estate plan is inadequateor if you dont have one at allwe will work together to design a legally sound and strategically structured estate plan that meets your familys unique needs. The foundation of your estate plan will often include a revocable living trust, which allows you to transfer your assets into the trust while maintaining control during your lifetime.Benefits of a Revocable Living Trust: Avoid Probate Prevents the time-consuming and expensive court process that could otherwise delay asset distribution. Minimize Estate Taxes Helps reduce tax liabilities and protect your wealth for future generations. Ensure Privacy Unlike a will, which becomes public record, a trust ensures your estate remains private. Maintain Control Dictate how and when your assets are distributed to your heirs.For families with complex financial portfolios, business ownership, or special circumstances (such as blended families or special needs children), we offer advanced estate planning strategies tailored to your specific goals.Can You DIY Your Estate Plan?Many people wonder if they can create an estate plan using online templates or generic legal services. Unfortunately, most DIY estate plans fail when families need them the most. What often passes for "estate planning" is nothing more than basic document generation, where you answer a few questions and receive a generic template that may not fully protect your assets or your loved ones. No Personalization A generic template cannot address your unique family dynamics, financial situation, or specific legal concerns. Legal Loopholes Improperly structured wills or trusts may be contested in court, leaving your family in legal disputes. No Ongoing Maintenance Estate laws change, and without updates, your plan may become outdated and ineffective.At Entrusted Legacy Law, we dont just draft documentswe provide comprehensive estate planning services that ensure your estate plan actually works when it matters most. We take the time to understand your familys needs, educate you on your options, and create a legally enforceable, tax-efficient, and conflict-free estate plan that gives you peace of mind.Protecting Families & Minor Children Through Estate PlanningIf you are a parent with young children, your estate plan should begin with a solid foundation that ensures your children will always be taken care of, no matter what happens. Without the proper legal protections in place, your children could end up in the custody of someone you wouldnt have chosenor worse, under state guardianship.At Entrusted Legacy Law, we specialize in estate planning for families with minor children. We help parents:Name Legal Guardians Ensure your children are raised by trusted individuals of your choosing.Set Up Trusts for Minor Children Prevent financial mismanagement by appointing a responsible trustee to oversee assets.Establish Emergency Plans Provide clear instructions for immediate care in case of sudden incapacity or death.Whether youre planning for minor children, adult dependents, elderly parents, or a complex estate, we can guide you through the estate planning process with personalized strategies to protect your familys future.Secure Your Legacy With Entrusted Legacy LawEstate planning isnt just about who gets whatits about ensuring that your loved ones are financially secure, legally protected, and prepared for the future.If you want to create a comprehensive estate plan that reflects your wishes, avoids probate, minimizes taxes, and keeps your loved ones out of court and out of conflict, then now is the time to take action Contact Entrusted Legacy Law today to schedule your Life and Legacy Planning Session and take the first step in protecting your family, your assets, and your future.