By Elaine Floyd, CFP ® Oops. It’s easy to violate a rule when the rule doesn’t make much sense to begin with. We are talking, in this case, about the rule that prohibits contributions to a Health Savings Account for anyone enrolled in any part of Medicare. As HSAs have become the plan of choice for …
By Elaine Floyd, CFP ® Something everyone still working after age 65 should know about is how to appeal the IRMAA. Amid the long checklist of things you must do at retirement, this can easily be overlooked, causing you to pay more in Medicare premiums than you need to. The IRMAA was instituted in 2007 as …
By Elaine Floyd, CFP ® If you were married more than ten years and your ex-spouse has died, you may be entitled to a divorced-spouse survivor benefit equal to the amount of his Social Security benefit at the time of his death. If it’s higher than your own benefit, you can switch. This is true even …
By Elaine Floyd, CFP ® A common question among people in their 60s is this: If I keep working, will my Social Security benefit go up? An even more common question is this: If I take a part-time job at a lower salary, will it cause my Social Security benefit to go down? To answer these questions, …
Will Working Longer Help—Or Hinder—Your Social Security Benefit? Read More »
By Elaine Floyd, CFP ® Widows between the ages of 60 and 70 who qualify for both a survivor benefit based on their deceased spouse’s work record and a retirement benefit based on their own record have a unique opportunity to coordinate the two benefits to maximum advantage. They can start a reduced survivor benefit as …
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