Age 55+ Services

AABS Inc. Is A Certified Senior Advisor (CSA)

retired couple A Certified Senior Advisor is someone who has acquired – through a training and certification process – broad-based knowledge of the health, social and financial issues that are important to older adults, and the dynamics of how these factors work together in seniors’ lives. CSAs utilize a multidisciplinary approach to help maintain the best quality of life possible by understanding the preferences, needs, and abilities of people ages age 55 and older.

As you or your cherished family member gets older, there are many decisions and challenges you or they may be facing. AABS Inc. (Always About Benefitting Seniors) is there to help in all stages of the golden years from pre-retirement planning to end of life care. You get the help of a caring, honest and knowledgeable professional to provide support for your loved ones to remain independent without sacrificing their safety and quality of life.

We offer services to help you with aging in place options, alternative living options, trust and estate matters, Social Security, Medicare and Medicaid advisor, daily money management, and tax issues. You or your loved ones get assistance with their daily and business duties, and you are kept informed of every step we make. That way, you always know that your family member’s needs are being met.

AABS Inc. offers you help in any of the following areas…

  • Identifying and planning retirement income, needs, and goals.
  • Medicare, Medicaid and Social Security interpretation and guidance
  • Organizing and reviewing personal, financial, and legal documents to determine what needs to be addressed.
  • Preparing, planning and filing income, trust, gift and estate tax.
  • Providing referrals to local services and agencies.
Our overall mission is to provide a helping hand and peace of mind to you and your loved ones, so they can enjoy this important time in their life.

Money Management to Maintain Independence and Financial Freedom

piggy bank AABS Inc. provides assistance with daily financial and business needs for your loved one, and keeps you informed of all such activities through sound accounting practices. Whether your loved one is no longer entirely independent or simply needs extra help to enjoy their lives, you get help in any of the following areas to ensure that your family member’s needs are being met.

  • Reviewing and paying household bills, budgeting, and record keeping.
  • Assistance with check writing and checkbook balancing.
  • Making sure money is received, receipted, and deposited.
  • Offering second opinions regarding household issues and unexpected situations.
  • Handling day-to-day financial transactions such as home repairs, routine maintenance.
  • Planning retirement account distributions and safeguard against improper disbursements.
  • Organizing and reviewing personal, financial, and legal documents to determine what needs to be addressed.
  • Preparing an inventory of personal assets and investments.
  • Identifying and planning their retirement income, needs, and goals.
  • Determining current and long-term cash flow needs by analyzing income and expenses.
  • Addressing questions about lifestyle, Social Security, pensions, Medicare, and long-term insurance.
  • Monitoring investment portfolio and other assets in conjunction with their investment advisor.
  • Preparing, planning and filing income, trust, gift and estate tax.
  • Providing referrals to local services and agencies.
  • Arranging proper level of care, transportation, and caregiver assessment.
Planning for the future is important, and elder care services are crucial to help your elderly family members maintain their independence and financial freedom. Contact us today for more information

Expert at Tax Issues for Age 55+

time for tax preparation As you or your loved ones age, the tax situation changes as well. Most people 55 and older have complex tax issues requiring professional advice to navigate. AABS Inc. owner staff is an Enrolled Agent (EA), qualified to represent taxpayers before the IRS, and has the expertise to provide you with comfort and assurance that all your tax issues are properly executed to the highest standards. She specializes in all tax issues for the 55+ age group, from reporting Social Security income to gifting and estate tax returns.

Planning is the key to successfully and legally reducing your tax liability. We go beyond tax compliance and proactively recommend tax saving strategies to maximize your after-tax income. We also make it a priority to enhance our mastery of the current tax law, complex tax code, and new tax regulations by attending frequent tax seminars.

AABS Inc. offers tax preparation services such as…

  • Federal and state 1040
  • Trust and Estate Tax Returns
  • Gifting Tax returns
  • Final (end of Life returns)
  • Guardianship annual Returns.
We recommend Tax Saving Strategies that help you…

  • defer income so you can keep your money now and pay less taxes later.
  • reduce taxes on your income so you keep more of what you make.
  • reduce taxes on your estate so your family keeps more of what you’ve made.
  • reduce taxes on your gifts so you can give more.
  • reduce taxes on your investments so you can grow your wealth faster.
  • reduce taxes on your retirement distributions so you can retire in style.
Here are just a few of the Tax Saving Strategies we use…

  • Splitting income among several family members or legal entities in order to get more of the income taxed in lower bracket.
  • Shifting income or expenses from one year to another in order to have them fall where it will be taxed at a lower rate.
  • Deferring tax liabilities through certain investment choices such as pension plans, contributions and other similar plans.>
  • Using certain investments to produce income that is tax exempt from either federal or state or both taxing entities.
  • Finding tax deductions by structuring your money to pay for things you enjoy, such as a vacation home.
Most of our clients save many times our fee in reduced tax liability through careful planning and legitimate tax strategies.