Liz Weston: Seniors on Medicare seek strategies to deduct medical costs
Dear Liz: My wife and I are in our early 90s and are lucky to have health insurance. Yet, we face significant out-of-pocket costs. As you might guess, we will be retiring soon and will rely on Social Security, pensions, and investments for income. Are we able to use a flexible spending account funded with […]
Liz Weston: Receiving a significant retirement account may impact Medicare premiums for as long as 10 years
Dear Liz If someone inherits my retirement account, is there a way to prevent an increase in Medicare premiums for a year? Answer A significant retirement account can influence Medicare premiums for as long as 10 years, not just a single year. Typically, inheritance isn’t taxable; however, retirement accounts are an exception. When someone withdraws […]
Weston McKennie responds to Landon Donovan’s remarks about Christian Pulisic.
McKenney Defends Pulisic Amid Donovan’s Criticism Weston McKenney has come to the defense of his US men’s national team teammate, Christian Pulisic, following critical comments made by former football star Landon Donovan. Donovan voiced his frustrations during Fox Sports’ coverage over the weekend, discussing Pulisic’s absence from the Gold Cup roster. This summer, Pulisic won’t […]
Whitney Purvis’ son Weston has died at 16: ‘My worst nightmare’
Whitney Purvis, known for her role on “16 and Pregnant,” is mourning the loss of her 16-year-old son, Weston. On Monday, Purvis shared her grief in a heartfelt message on Facebook. “This is very difficult to write,” the 33-year-old former reality star said alongside some photos. “My beautiful son, Weston, has passed away. He was […]
Liz Weston: Apologies, but dependent relatives are not considered valid changes to home sales exclusion rules – OregonLive.com
Dear Liz: I lived at home for quite a while—around 45 years. During that time, my daughter and her family moved in because of the 2008 financial crisis. I haven’t charged her rent, which I guess seemed reasonable at the time. However, I relocated five years ago, and they’re still living there without paying rent. […]
Liz Weston: Social Security Fairness Act may help retired postal worker access wife’s benefits – OregonLive
Dear Liz: My husband has been working at the postal service for over 30 years and retired on pensions. He has not had enough years in the private sector to qualify for Social Security. We currently have the Social Security Equality Act, so is he entitled to receive my Social Security percentage? I know that […]
Liz Weston: Medicare recipient should spend down their HSA to avoid heir’s tax burden – OregonLive
Dear Liz: I use Medicare, but I also have a health savings account with a fair market value of over $9,000. Can I spend this on prescriptions, eye care, etc.? I hate wasting this money. My wife passed away and it sat there for a while. answer: You can't contribute to HSAs after using Medicare, […]
Top Stock Movers Now: Lamb Weston, Amedisys, Supermicro, and More – Yahoo Finance
Justin Sullivan/Staff/Getty Images Major U.S. indexes were lower as of midday Friday as tech stocks stalled. Super Micro Computer and Tesla stocks led the S&P 500's losses. Shares in Lamb Weston rose after reports that activist investor Jana Partners has taken another step in its effort to force change at the frozen potato provider. Major […]
Liz Weston: Thinking of gifting cash this holiday? You can give up to $18,000 without notifying IRS – OregonLive
dear liz: I am a 95-year-old widow. This year, I would like to give $5,000 to each of my three children who are in their 60s. What is tax? Who pays it? answer: Gifts are not taxable to the recipient, and the only givers who have to pay taxes are those who give away millions […]
Liz Weston: Medicare Part D plan caps out-of-pocket max at $2,000 beginning in 2025 – OregonLive
Dear Liz: In the past, we've discussed the pros and cons of Medicare Advantage plans and Original Medicare. I think there's one more thing I should mention to my readers. That means Part D prescription drug coverage is more expensive for people who choose Original Medicare. For example, if you need several Tier 3 or […]