Dear Liz: You recently answered a question from someone who was delaying signing up for Medicare because he had health insurance through his job. You mentioned that if the employer had 20 or more employees, he didn’t have to sign up until that employment ended. That’s correct, but there’s typically no cost for Medicare Part […]
Recent Blog Posts
Q&A: Switching back to original Medicare
Dear Liz: I’m 75 and I’ve been on an Advantage plan since I started on Medicare at 65. I’m interested in switching to original Medicare with a supplemental policy. I know I will have to enroll in a drug policy also. Will I be subject to any penalties for late enrollment for any of the […]
Q&A: Social Security and divorce
Dear Liz: I was married for 25 years. Most of the time, I was a full-time housewife and worked part time here and there. Social Security keeps telling me that I can’t collect on my ex’s Social Security until he dies. He is 74 and I am 72. I started collecting at 62 and don’t […]
Q&A: How your health insurance costs could rise because of a Roth IRA conversion
Dear Liz: With the recent stock market correction, I am considering doing a Roth conversion on an existing IRA now that it is worth less. I can handle the accompanying income tax hit. But while I see plenty of ink spilled on how a Roth conversion can increase Medicare premiums, what about Affordable Care Act […]
Thursday’s need-to-know money news
Today’s top story: 3 ways to fight inflation and win the long game. Also in the news: Why you shouldn’t bank on your business to fund your retirement, how to save on school supplies by tapping your community, and how to tell if a credit card annual fee is worth it. 3 Ways to Fight […]
Wednesday’s need-to-know money news
Today’s top story: This year’s summer travel FOMO is real. Also in the news: Is it better to book Airbnbs in advance or last minute, the cheapest road trip in America, and the basic loan terms everyone needs to know before borrowing money. This Year’s Summer Travel FOMO Is Real It can be challenging to […]