Today’s top story: What you need to know about the new FICO score. Also in the news: 5 reasons to add beneficiaries to your investment accounts now, 5 home improvements that may not pay off when you sell, and what to do if you lose your credit or debit card while traveling. Worried About the […]
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Thursday’s need-to-know money news
Today’s top story: Who should consider a Roth conversion now? Also in the news: Morgan Stanley’s new cash account, how to make a savings plan, and an important student loan deadline. Who Should Consider a Roth Conversion Now? The Secure Act brings new options. Should You Check Out Morgan Stanley’s New Cash Account? A look […]
Wednesday’s need-to-know money news
Today’s top story: How to have a ‘no regrets’ retirement. Also in the news: How to sell your car to family and friends, the debt payoff method that can also help your credit, and your last chance to file an Equifax breach settlement claim. How to Have a ‘No Regrets’ Retirement Putting off travel, buying […]
Tuesday’s need-to-know money news
Today’s top story: 4 things to know if you’ve never budgeted before. Also in the news: Equifax breach – claims cutoff and more scammers ahead, how auto insurers use your nondriving habits to raise prices, and the benefits of filing taxes early. 4 Things to Know if You’ve Never Budgeted Before Breaking down the basics. […]
Who should consider a Roth conversion now?
If you’ve saved a lot for retirement, or your parents have, you could be affected by recent changes in the rules about retirement distributions. The recently enacted Secure Act eliminated the “stretch IRA,” a strategy used by affluent investors to pass tax-advantaged money to their heirs. The stretch IRA allowed nonspouse beneficiaries — typically children […]
Q&A: New Secure Act changes some retirement rules
Dear Liz: At age 70½, when I must withdraw money from my IRA, may I donate those dollars to a charitable organization without paying tax on the withdrawn funds? Answer: The short answer is yes, but you should know there have been some recent changes to retirement plan rules. Required minimum distributions now start at […]