Holiday gatherings may present an opportunity to talk to your parents about important money issues, such as estate planning or long-term care. The need to discuss this stuff may feel particularly acute if you don’t see your folks often or these are the first holidays you’ll be together since the pandemic started. Tread carefully, though, because […]
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Monday’s need-to-know money news
Today’s top story: The surprising change in airfares since last year. Also in the news: Smart Money Podcast on holiday shopping report and retirement plan options for self-employed people, and Fitbit Black Friday 2021 deals. The Surprising Change in Airfares Since Last Year Airfares dropped 4.6% in terms of unadjusted percent change between October 2020 […]
Q&A: Windfall elimination provision
Dear Liz: I just read your answer regarding the windfall elimination provision question. I receive a pension after having retired from law enforcement. I was fortunate to be able to retire at 46. Then I landed a great job with excellent pay. I expect to pay into Social Security for a total of 17 years and I’ve been […]
Q&A: Getting a small estate transferred
Dear Liz: My brother passed away three years ago leaving no will. All of his bills have been paid. I am unable to transfer his stocks and retirement account to my name. I have repeatedly checked the unclaimed properties list to no avail. No probate was required because the estate was too small. Will you please […]
Q&A: Lump sum or monthly payout?
Dear Liz: I need advice on choosing between a lump sum retirement benefit and a monthly payout till death (with a cost of living adjustment). The monthly payout option also includes health insurance benefits but the lump sum option does not. Answer: It’s hard to imagine a better option than a guaranteed, inflation-adjusted stream of income for […]
Friday’s need-to-know money news
Today’s top story: What you need to know about Medigap Plan C. Also in the news: 5 steps to weed out Instagram ad scams, and cell phone Black Friday 2021 deals. What Is Medigap Plan C? What You Need to Know Medigap Plan C is no longer available for new enrollees. But there are other […]