Betty Berry - Senior Advocate

By Betty Berry Wednesday, February 25, 2009   Q: I am a fairly recent widow and at a bit of a loss when it comes to issues concerning finances. I know I should be reviewing the legal papers we had prepared and do some planning, but I’m not sure where to begin. Do you have any suggestions?

A: When it comes to legal issues and making important decisions, I believe that many people, men and women, feel at a bit of a loss.

To ease into this complex subject, I would like to suggest you mark your...

By Betty Berry Wednesday, February 18, 2009    Q: Every day I seem to have a mailbox full of invitations to free seminars on living trusts and financial planning. I’m not really sure I need to be concerned with such topics, but if I do, would these seminars provide me with the information I need?

A: This is not only an excellent question but also a very timely one, since many people are now concerned about how, where and when to invest their money.

It also is one I would like more seniors to...

By Betty Berry Wednesday, February 11, 2009   Q: In the past I have had my taxes done at my local senior center. Will they be doing them again this year?

A: Yes, preparation of income tax returns is being provided again this year. Services started Feb. 1 and will run through April 15 and are for those 60 and over and for those under 60 whose income is $45,000 or less.

As in the past, taxpayers whose returns include Schedule E (rental income) or Schedule C (Profit or Loss from Business ) are...

By Betty Berry Wednesday, February 4, 2009   Q: My parents are very private about their finances and personal records. Until now this hasn’t been a problem, but they are beginning to need my assistance and I don’t have the information I need to help them get the care and services they require. Do you have any suggestions about what would be useful for me to ask them to provide?

A: Your situation is not uncommon. We all are guilty to some degree about lack of planning for future situations.

Planning...

By Betty Berry Wednesday, January 28, 2009  Q: I am planning to bring my mother here to Thousand Oaks and beginning to look at various types of housing and frankly I am most confused. Is there any one place I can go to get this information?

A: Housing is a very complex subject. It is more than a place to live. Consideration must be given to cost as well as whether the person seeking housing can live independently or if some type of assistance is needed.

There are several organizations that...

By Betty Berry Wednesday, January 21, 2009 

Q: My friends and I have been discussing long-term-care insurance and have differing views as to whether we should or should not purchase such coverage. We don’t feel informed enough about other options or the selections needed to be made to purchase a policy. Can you provide some basic information?

A: The decision to purchase long-term-care insurance is very important and one that shouldn’t be made in a hurry. There is no right or wrong answer. Each...

By Betty Berry Wednesday, January 14, 2009   Q: My husband was considered disabled by his employer yet when he applied for Social Security disability he was turned down. Can you provide an explanation?

A: It is not unusual for a person to be turned down when first applying for Social Security disability. Perhaps Social Security just needs some additional information. I always suggest appealing the decision. You have 60 days from the time you receive the letter.

Not all disability programs are alike, and eligibility for various programs depends on that program’s definition of “disability.” Some programs will pay for partial disability or short-term disability. Social Security does not.

...

By Betty Berry Wednesday, January 7, 2009  

Q: I have read that many health problems and trips to the hospital are the result of incorrect handling or taking of medications. Could you address the importance of understanding how to handle and take medicines?

A: Now might be the perfect time to address this subject because most seniors have just completed an annual review of their medications to determine if they needed to change insurance carriers for Medicare Part D prescription coverage.

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By Betty Berry Wednesday, December 31, 2008 

Q: Each year there are changes in Medicare deductibles and co-insurance. Could you recap these changes for 2009 so I have them all in one place?

A: I would be happy to. These changes take effect tomorrow, Thursday, Jan. 1.

First let’s mention the Social Security cost-of-living increase in your January check. The increase is 5.8 percent and the largest in many, many years. The average increase will be $63.

In 2009, the monthly premium for Medicare Part B (medical coverage) that is deducted from your Social Security check will again be based on your adjusted gross income taken from your 2007 income tax return.

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By Betty Berry Wednesday, December 24, 2008 

Q: My mother is considering moving to California from another state, and I will be helping her make that move. I need to know what steps I should take to make sure her Social Security benefits will be properly transferred.

A: Prompt notification of a change of address always helps make a smooth transition, and notifying Social Security of a change is basically no different.

You didn't indicate whether your mother receives her Social Security...