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Asked by someone from WI on 12/16/2014
Henry Hebeler
Henry Hebeler,  says
You would not have to pay estate taxes--those come out of the estate before you get the money. If WI has an inheritance tax, and your aunt had a large estate, you might get taxed by the state. Otherwise, the only tax that you may have is tax on the interest and dividends each year once the securities are registered in your name. (Read More)
Asked by someone from MI on 12/17/2014
Henry Hebeler
Henry Hebeler,  says
It will not affect your gross Social Security but could affect the net after Medicare Parts B and D are subtracted because they are income dependent. (Read More)
Asked by a 30 year old man from KY on 12/11/2014
Steve Chen
Steve Chen,  says
Could you clarify your question please? (Read More)
Asked by someone from IL on 12/10/2014
Steve Chen
Steve Chen,  says
Typically states have a look back period when doing a means test around programs like Medicaid. There are estate and elder attorneys who may be able to help you if you plan in advance and are willing to give up control of your assets to family members or put them in a trust. Generally though since Medicaid is intended for poor people you ... (Read More)
Asked by a 60 year old man from IL on 12/5/2014
Steve Chen
Steve Chen,  says
If your question is about social security, then the earliest claiming age is 62. You can find a calculator here: https://www.newretirement.com/Services/Social_Security_Start_Age_Calculator.aspx If this is regarding a reverse mortgage - you must also be 62 to qualify. You can find a calculator here: ... (Read More)
Asked by a 74 year old man from MA on 12/4/2014
Steve Chen
Steve Chen,  says
It depends on your cost of living - it is a good idea to break down your retirement expenses into must have and nice to have, and then figure out a plan to create guaranteed lifetime income for the must have amount. This article contains some resources for lower income seniors: ... (Read More)

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