by Claudia Mott | Mar 12, 2021 | Medical Debt
Q. My daughter is 20 years old and she has some medical bills in her name from a hospital stay. She’s been out of work. We’ve called the hospital and we’ve filled out forms to have the debt forgiven. One bill was forgiven and another was sent to collections and there...
by Claudia Mott | Feb 26, 2021 | 529 Accounts, College, College Savings
Q. I just moved to New Jersey from New York. I understand my contribution to a 529 plan is no longer deductible on state income tax returns. Can I still make contributions to the old New York plan? — Saver A. Welcome to the Garden State! We’re glad to hear that you’re...
by Claudia Mott | Feb 12, 2021 | Social Security Disability
Q. I just turned 66 in October. In 2017, I became disabled and started receiving disability payments. But in October, I had my disability taken away from me. Can you tell me why I lost my disability because I am still disabled? — Confused A. Let’s go over...
by Claudia Mott | Jan 29, 2021 | Social Security, Social Security Disability
Q. My sister has been collecting Social Security disability and has been on Medicare since she had a stroke seven years ago. She is turning 65 on Dec. 30. Will Social Security automatically convert her disability into retirement payments? Also, will she now be...
by Claudia Mott | Jan 15, 2021 | Credit Score, Debt Management, FICO Score
Q. How is the income-to-debt ratio figured? When I make a large purchase with a credit card, I sometimes pay it in two payments, one right away and the second by the end of the billing cycle. Does the mid-cycle payment reduce the ratio for the month? Does it improve...
