Money

Use the following information to supplement your financial plan and share as you have opportunity.

Missing Money

• To find your Missing Money Click on www.missingmoney.com “Missing Money.com”       Be sure to search under maiden names and prior names too. You can also search for any relatives you are an heir to as well. This is a free service and no one needs to pay to get their claim filed.
   • Missing Money for the state of Michigan – Click on Missing Money for the state of Michigan “Unclaimed Property ”  Click the Get
Started button and then put in your information.

Your results will show as follows.
Be sure to search under maiden names and prior names too.
You can also search for any relatives you are an heir to as well. Once you have the Property ID Number you can
call Lansing, 517 636-5320 M-F from 9-2 pm for help with your claim. If you have lived in different states, you
can search missingmoney.com. This is a free service and no one needs to pay to get their claim filed.

Treasury may fine small businesses $10,000 if they don’t file this report.
Here an article we saw yesterday and the website to file the Beneficial Owners Information Report if needed.
https://www.cnbc.com/2024/12/09/treasury-department-fincen-boi-report-business-fines.html
https://www.fincen.gov/boi
Social Security Fairness Act signed into law by Biden, Enhancing retirement benefits for millions
President Biden on Sunday signed legislation expanding Social Security benefits for millions of retired Americans, including firefighters, police officers and teachers.
https://www.cbsnews.com/news/social-security-fairness-act-signed-by-president-biden/

Key Financial Links

• Covid-19 Funeral Assistance from FEMA – Phone 844 684-6333 TTY 800 462-7585
Will cover up to $9,000 per funeral including expenses covered by life insurance (but not burial or funeral insurance) Good until 09/30/2025
https://www.fema.gov/…/coro…/economic/funeral-assistance The assistance program runs for another year until September, 2025. You have to call the number to start the application, and you need the death certificate showing a Covid-19 related cause of death and receipts for the funeral service. This goes all the way back to the beginning of Covid-19. Please share as needed as many people are still unaware they can apply for reimbursement of funeral expenses for up to $9,000 each for Covid-19 related deaths.
Free Covid-19 Tests
Starting the end of September, 2024 the Federal Government will once again provide four free tests per address. Go to covidtests.gov to apply. Please check the FDA’s website, www.fda.gov/covidtestdates or call 800 232-0233 for assistance to determine the extended expiration dates on test packages by lot number. Some tests you receive may show expired dates on the box, but the FDA has extended those dates.

Help with Medicare Costs
There are programs run by the states that can help lower your Medicare costs. Find out if you’re eligible for these programs, how to apply, and other ways to save on your Medicare coverage.
https://www.medicare.gov/basics/costs/help

My Social Security “My SSA“ – How To Create Your Own Social Security Account and check the status and ensure security https://www.ssa.gov/myaccount/

Required Minimum Distribution (RMD) and Qualified Charitable Distributions (QCDs)
RMD Table: https://smartasset.com/retirement/rmd-table

This article explains how use QCDs to reduce your taxable income
https://www.forbes.com/sites/kristinmckenna/2021/08/23/how-to-donate-your-rmd-using-qualified-charitable-distributions/?sh=10cb5ed13b5e

• Tax Return Status Click on Check My Refund Status for your Federal Tax Return https://www.irs.gov/refunds/” “My Return Status “
• Check on your State of Michigan Tax Return Your State of Michigan Tax Return https://etreas.michigan.gov/iit/” Your State of Michigan Tax Return
Legal Services of Eastern Michigan – provided free legal services for Genesee County residents over the age of 65 (no income limit) and those under 65 200% of Fed Poverty level. The phone number for the Legal Service of Eastern Michigan is 810 322-4512
• Genesee Vally Area Agency on Aging in Michigan (GVAAA) $1000 Assistance – for caring for people with dementia. The contact info for the GVAAA $1000 Scholarship for help caring for
Dementia Patients is Caitlin Goyer at 248 996-1066 or
email helplinegmc@alz.org
• Michigan Homestead Property Allowance – $1500 including renters who pay 40% of their income as rent.

If you have any questions please contact us.