Dear Liz: My husband is 13 years older than I. Unfortunately, when he went in to sign up for Medicare several years ago, the clerk talked him into taking his Social Security as well since he had reached full retirement age. Now I am wondering when to take mine. My benefit at full retirement age would […]
Recent Blog Posts
Q&A: Is it better to have a fee-only financial advisor?
Dear Liz: As a certified financial planner for the past 31 years who has never run afoul of any regulatory body, I cringe every time I hear you recommend people seek out only fee-only financial planners! While we certainly do fee-based work where appropriate, sometimes it is simply better for the consumer if their advisor receives […]
Q&A: Does my spouse get half of everything in a divorce?
Dear Liz: My wife recently asked for a divorce, which was difficult to hear. That said, I want to move forward with my life and part of this is being on sound economic footing. I have been the primary earner in our marriage for most of our 12 years together, even though my wife was capable […]
Q&A: The not-so-hidden costs of claiming Social Security at 62
Dear Liz: I’ll be 62 next year. I planned to start taking my Social Security of about $2,600 a month and just put that check into an investment account until I retire. However, if I’m going to be taxed $1 for every $2 over $23,000 that I make, then my plan needs to change. Maybe I […]
Q&A: Beware the Blurred Line Between Fee-Only and Commission-Based Advice
Dear Liz: I am very overwhelmed with life so I’ll try to stick to where I need your help. My 68-year-old husband has been diagnosed with dementia. I thought we were responsible, having a nice nest egg of over $2 million, a house that is paid off and no debts. However, finding out long-term care costs, […]
Q&A: What should I do with inherited gold coins?
Dear Liz: When my mother passed away nine years ago, I inherited some gold coins. At the time, it was difficult to go through her life’s belongings and part with things. Now that gold prices are so high, I’m wondering if it makes sense to sell those coins? I’m not sure holding on to them makes […]