Spousal benefits are commonly called family benefits; benefits available to family members. Let’s start with spousal benefits in order to truly understand ex-spousal benefits. Current spouses are eligible to receive 50% of their spouses Primary Insurance Amount at their full retirement age. For spousal benefits to be available to a…

This year, California took the second of two steps to allow residents with unlimited assets to participate in its Medicaid long-term services and supports (LTSS) program. Advocates hoped the move would make the program far more widely available. Conservative critics feared it would become a budget-busting open door for the…

After retirement, people have self-reported that they miss the people more than the position or money. Not only are they more limited in social interaction, but as we get older our circle of friends naturally shrinks because of deaths, moves, or lack of effort. In this Forbes article, I describe…

Tens of millions of private-sector workers lack access to a retirement savings plan through their employer, which experts at the AARP Public Policy Institute warn could pose a significant burden to future taxpayers. The institute estimates that 57 million private sector workers in the U.S. – about half of the…

Some of the most profound truths are those, once revealed, that seem self-evident. And that may also be the most potent gift possessed by the greatest writers and thinkers—the ability to reveal something we already know with such clarity that we can act on it. One of my favorite contemporary…

Most of us recognize that legal means exist to assume control over an aging parent’s finances when their health declines. We use a legal document called a Durable Power of Attorney for that, so the aging parent will appoint someone to manage money if they become impaired. But that can…

‘Tis the season to gather and give thanks without breaking the bank.  High grocery prices and travel expenses may threaten to put a dent in this year’s holiday fun, but a full stomach doesn’t have to mean an empty wallet. Thanksgiving should be about fun, family and festivities, not stressing over…

It’s Medicare Open Enrollment Period. As I wrote earlier, Open Enrollment this year is unusually important because of significant changes in Medicare Advantage and Part D prescription drug plans. Medicare is complicated, and most people have numerous options. The big changes this year make it especially important to seek help…

If you are renting an apartment for the first time, there are likely many questions swirling in your mind.  You may be wondering how much you should be spending on rent. You could be curious about the potential extra costs beyond rent. Perhaps you’re worried about being approved for the…

If you’re approaching retirement or have recently retired, it’s only natural that you’re looking forward to your newfound freedom. You might be planning to travel, pursuing your hobbies and interests, and reconnecting with relatives and friends. Welcome to the “go-go” phase of retirement when you’re still active and vital and…