Dear Liz: I have a Roth 401(k). Are withdrawals from it the same as from a Roth IRA? And how do I move it to a Roth IRA? Answer: Roth 401(k)s are a type of workplace retirement plan that, like Roth IRAs, allow tax-free withdrawals. But the rules for Roth 401(k)s are somewhat different from […]
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Q&A: Finding a fee-only advisor
Dear Liz: I need help locating a fee-only financial advisor. My search only comes up with advisors with investments. Answer: It’s not clear what you mean by “advisors with investments.” Some fee-only planners charge a percentage of the assets they manage and often require you to invest a minimum amount with them. Others charge a […]
Thursday’s need-to-know money news
Today’s top story: Smart strategies for fighting back against inflation. Also in the news: Easing into credit cards with a simple cash-back card, Medicare and dental implants, and these 6 psychological biases may be holding you back from building wealth. Wary of Credit Cards? Ease In With a Simple Cash-Back Card No-fee, flat-rate cash-back cards […]
Wednesday’s need-to-know money news
Today’s top story: How COVID-fueled crowdfunding can revive small businesses. Also in the news: How point and mile values have changed over the pandemic, the one trick to traveling cheaply, and this tool tells you what you owe the IRS before they come looking for it. How COVID-Fueled Crowdfunding Can Revive Small Businesses Tips for […]
Smart strategies to fight back against inflation
Few economists predict we’ll return to the double-digit price increases of the late 1970s and early 1980s. But knowing some of the ways consumers coped back then — and how things are different now — can help you formulate a plan to deal with rising prices. First, a primer: Inflation shrinks your purchasing power, so […]
Tuesday’s need-to-know money news
Today’s top story: What Gen Z can learn from Millennials’ money mistakes. Also in the news: How points and miles credit cards can ease the return to travel, financial vital signs to monitor right now, and the Biden administration makes it easier to qualify for Covid funeral reimbursement. What Gen Z Can Learn From Millennials’ […]