Dear Liz: I have about $16,000 in a Roth IRA that I plan to leave to my daughter. When she collects this on my death, does she pay tax on the withdrawals? Answer: No. She would have to pay taxes on withdrawals if the money were in a regular inherited IRA, but not if the […]
Recent Blog Posts
Friday’s need-to-know money news
Today’s top story: Should you Buy Now, Pay Later for back-to-school? Also in the news: $6 billion in relief to defrauded students signals change ahead, six ways to support small businesses hit with inflation, and these online resources will help you find free college textbooks. Should You Buy Now, Pay Later for Back-to-School? You can […]
Thursday’s need-to-know money news
Today’s top story: What Equifax’s credit score miscalculations mean for consumers. Also in the news: 5 ways to feel richer (even if you’re not), mortgage rates to stay high in August, and who should consider a spousal IRA. What Equifax’s Credit Score Miscalculations Mean for Consumers Equifax, one of the three major credit bureaus, announced […]
Wednesday’s need-to-know money news
Today’s top story: Why it’s worth it to book Airbnbs for a week or longer. Also in the news: Selling direct-to-consumer custom fashions, why the upcoming Ethereum merge matters, and how to get a free or low-cost laptop for school. Why It’s Worth Booking Airbnbs for a Week or Longer Longer stays benefit both guests […]
Tuesday’s need-to-know money news
Today’s top story: Mortgage rates are unlikely to cool in August. Also in the news: 6 ways to support small businesses hit with inflation, has remote work changed the travel landscape, and oat milk and coffee drink are part of a major recall. Mortgage Rates Unlikely to Cool in August Mortgage rates will likely rise […]
Monday’s need-to-know money news
Today’s top story: After a fall, crypto winter sets in. Also in the news: A new episode of the Smart Money podcast for kids on where money comes from, can job-hopping help retirement savings, and these states are having a tax-free back to school shopping weekend. After a Fall, Crypto Winter Sets In Cryptocurrencies hit […]