Mom is in an assisted living facility. Mom and Dad both receive Social Security (total is about $20,000). Dad receives a federal retirement system pension of $35,000.
Because the assisted living facility costs about $3,800 monthly ($45,600 annually) and they have other … Continue Reading
CAUTION: This column was first written in 2016 and has been updated for 2019. You may reader comments below from earlier years.
In another article we looked at whether Mom needed to file a federal income tax return. She earned $6,500 working at Burt’s FastBurgers, received … Continue Reading
CAUTION: This column was first written in 2016 and has been updated for 2019. You may reader comments below from earlier years.
Mom (who is 70) is on Social Security and worked part time at Burt’s FastBurgers to earn a little extra and socialize a bit more than she might … Continue Reading
CAUTION: This column was written in 2016 and has been updated for 2019. You may reader comments below from earlier years.
In another post I discussed how much someone can earn without having to file a federal tax return. I suggest you go back and look at that post first. Then I … Continue Reading
This is the most advanced topic I have written for my public readers. But it can be an important topic, so hang in there.
According to conventional wisdom you should always name your spouse as beneficiary of an IRA. But if you are at all interested in asset protection that may … Continue Reading