Dear Liz: I have questions about inherited IRAs. A friend has designated me and three others as beneficiaries of her IRA. Is this to be considered community property with my husband? How can I inherit this as “sole and separate property”? Must taxes be paid on this? Also, may I give gifts of cash to […]
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Friday’s need-to-know money news
Today’s top story: 12 freebies and deals for Tax Day 2018. Also in the news: 3 ways parents can help grown kids own a home, why your parents’ financial advice is probably wrong (for you), and what you should know about getting an advance on your tax refund. 12 Freebies and Deals for Tax Day […]
Thursday’s need-to-know money news
Today’s top story: 4 ways to curb your online shopping enthusiasm. Also in the news: 13 last-ditch ways to avoid the poorhouse in retirement, why you should freeze your child’s credit, and 8 inspirational stories of people who overcame debt. 4 Ways to Curb Your Online Shopping Enthusiasm Back away from the mouse. 13 Last-Ditch […]
Wednesday’s need-to-know money news
Today’s top story: 5 ways to mute the “buy now” appeal in infomercials. Also in the news: What you need to know about investing in IPOs, 3 smart ways to supercharge your travel rewards, and what to know about income-driven student loan repayment plans. 5 Ways to Mute the ‘Buy Now’ Appeals in Infomercials Don’t […]
Tuesday’s need-to-know money news
Today’s top story: How bad credit can increase your car costs. Also in the news: Owning Bitcoin creates a complex tax situation, 13 last-ditch ways to avoid the poorhouse in retirement, and the top 7 tax deductions and credits people forget. Good Driver, Bad Credit: What Makes Your Car Costs So High It’s not just […]
How not to run out of money in retirement
Americans aren’t terrific at saving for retirement. Many are even worse when it comes to figuring out how much to spend once they get there. An actuary who’s studied the issue for three decades recently proposed a relatively straightforward strategy that can help. In my latest for the Associated Press, how to use this strategy […]