Ask Jennifer Lane: Flex Spending, Social Security, Savings Bonds

(NECN) - You ask the questions, she has the answers!

Joining us again this morning was Jennifer Lane, certified financial planner for Compass Planning.

She talks about new flex spending accounts, and how to plan ahead for 2011 medical expenses. If your employer offers it, you can use the account to pay for over-the-counter medicine throughout the year.

Also, Lane tells us about when you can benefit from social security savings, and recommends applying 3 months before you begin drawing from you account. For more information you can visit

If you have savings bonds with good interest rates, Lane recommends waiting even longer for the interest to accumulate. Spending from savings bonds are tax exempt if you pay for tuition and fees, but not loans. For more information on savings bonds, you can check out

If you want answers to your money questions, you can send your e-mails to

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