Dear Liz: A relative inherited a 401(k) as a listed beneficiary, and it was simply rolled over into an IRA in her name. Now another family member wants some of the money. The relative keeps trying to explain that if she pulls out any or all of the money, it will be taxed and reduce […]
Recent Blog Posts
Q&A: What you need to do when free health insurance for unemployed people ends Sept. 30
Dear Liz: My husband lost his job and we are on COBRA continuation coverage for our health insurance. We won’t have to pay the premiums through Sept. 30, thanks to the American Rescue Plan, which passed in March. Is there anything we can take advantage of Oct. 1 if my husband is not back to […]
Thursday’s need-to-know money news
Today’s top story: How to harness your HSA’s superpowers. Also in the news: A scam alerts on the Child Tax Credit, how to avoid costly home selling mistakes, and in a hot used-car market, used electric cars can be a deal. How to Harness Your HSA’s Superpowers A health savings account can help you supercharge […]
Wednesday’s need-to-know money news
Today’s top story: 3 international travel ideas for your summer trips. Also in the news: How to get free money for your business, savings tips for every level, and how to qualify for an FHA mortgage even with student debt. 3 International Travel Ideas for Your Summer Trip Not all international destinations are easy to […]
How to harness your HSA’s superpowers
If you have a high-deductible health insurance plan, a health savings account can help you pay your medical bills. But HSAs have hidden superpowers that make them a great way for some people to create a tax-free pot of money for retirement or other long-term goals. In the right circumstances, you can even use an […]
Tuesday’s need-to-know money news
Today’s top story: You could be getting more from your employer benefits. Also in the news: Paying attention when paying your bills, Medicare and mental health services, and 4 neobanks that show up for their communities. You Could Be Getting More From Your Employer Benefits Health insurance, paid leave and retirement should be the baseline, […]