By Elaine Floyd, CFP ® If you did not work long enough to qualify for a Social Security benefit based on your own earnings—or if your benefit is significantly less than your spouse’s benefit—you may qualify for a spousal benefit based on your spouse’s earnings. But you’ll need to know the rules! To qualify for a […]
By Elaine Floyd, CFP ® Health savings accounts (HSAs) are such excellent savings vehicles that people rarely ask about distributions, or how to take money out without it being taxed. They’re too focused on putting money in—as they should be while they’re healthy and working. In 2025 an HSA-eligible person (meaning: not enrolled in Medicare) who
Spending HSA Funds Read More »
By Elaine Floyd, CFP ® Unlike Social Security, which people tend to think about many years before claiming, Medicare is almost an afterthought. As long as people are working and covered by an employer plan, they don’t think very much about how their health insurance might change upon turning 65 or leaving employment. This leaves them
Pre-Medicare Planning: 6 Caveats Read More »
By Elaine Floyd, CFP ® Imagine getting a letter from SSA saying that they overpaid you, that you were not entitled to the benefits you’ve been receiving, and that you must now repay $59,000 in benefits that should not have been paid to you. This is what happened to the client of one of our financial