Dear Liz: I was in the twilight of my career when the Roth became available, and I contributed the maximum for those few years before retirement. After retirement, I dropped to the 15% tax bracket, so I did Roth conversions of my regular IRA to fill out that tax bracket until I was age 70½. […]
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Q&A: Roth IRA offers key tax feature
Dear Liz: In an article that ran in my local newspaper, you stated that, “Roths allow you to withdraw the amount you’ve contributed at any time without triggering income taxes or penalties.” I suggest that you review Pub. 590-B, where you will be reminded that, with some exceptions, withdrawals from a Roth IRA within the […]
Friday’s need-to-know money news
Today’s top story: 6 ways the tax plan could change homeownership. Also in the news: What the Fed rate hike means for student loans, what it means for your CDs, and how Donald Trump is shrinking your paycheck. 6 Ways Tax Plan Could Change Homeownership Analyzing the impact. Fed Rate Hike: What It Means for […]
Thursday’s need-to-know money news
Today’s top story: What to do about the Fed rate hike. Also in the news: How to deal with credit card fraud, driverless cars, and how your credit card debt is costing you nearly $1000 a year. Fed Rate Hike: Here’s What to Do Don’t panic. First Time Dealing With Credit Card Fraud? You Got […]
Wednesday’s need-to-know money news
Today’s top story: 3 steps to tame your debt in an hour or less. Also in the news: 10 housing and mortgage trends to watch for in 2018, how one woman ditched over 50K in debt, and why to be wary of instaloans in stores. 3 Steps to Tame Your Debt in an Hour or […]
Tuesday’s need-to-know money news
Today’s top story: Paying for fake organic food. Also in the news: People who eschew checking accounts, 4 questions for your local organic farmer, and defrauded students are losing their debt relief. The Dirt on ‘Organic’ Food: You May Be Paying for Fakes Be on the lookout. Checking Account? No, Thanks, Say Those Who Dislike […]