Dear Liz: A friend told me that when he takes out his required minimum distribution from his traditional IRA and pays the tax, he then puts the money in his Roth IRA. I believe since this was not earned income, this was wrong. Who’s right? Answer: The money contributed to an IRA doesn’t have to […]
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Friday’s need-to-know money news
Today’s top story: 5 ways to drive a car without owning one. Also in the news: Tax refund loans for early filers, the pros and cons of senior checking accounts, and the return of triple-digit interest rates on payday loans. 5 Ways to Drive a Car Without Owning One Ditching the car doesn’t leave you […]
Thursday’s need-to-know money news
Today’s top story: 5 signs you’re getting bad financial advice. Also in the news: What a financial advisor does, how Roth IRAs can help in an emergency, and why Wells Fargo customer should check their bank accounts. 5 Signs You’re Getting Bad Financial Advice Who’s really looking out for you? What Does a Financial Advisor […]
Wednesday’s need-to-know money news
Today’s top story: Your best financial move is also best for the environment. Also in the news: Why you should fly first class at least once, surprising factors that inflate your car insurance rate, and the best and worst states to retire. Your Best Financial Move Is Also Best for the Environment Looking at your […]
What good financial advice looks like
Good financial advice can help you achieve your life goals. Bad financial advice can cost you a fortune and leave you worse off than if you had tried to go it alone. Unfortunately, you’re still on your own in trying to determine the good advice from the bad. The U.S. Department of Labor has delayed […]
Monday’s need-to-know money news
Today’s top story: How to leverage great credit without borrowing a dime. Also in the news: How to get your taxes done for free, how to hang on to more cash, and how to save for your kid’s college and still live. How to Leverage Great Credit Without Borrowing a Dime Capitalizing on great credit. […]