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Archive for March, 2017

Financial Independence for College Kid

Financial Independence for College Kid

  Q. My daughter will start college next year. What the easiest way to manage her cash? Should we have a shared bank account, or is there a better way? My credit isn’t very good and I don’t want to…

Choosing a traditional or Roth IRA

Choosing a traditional or Roth IRA

Q. I have a 401(k) and I got a raise, so I want to start an IRA. How do I choose between a Roth and a traditional one? I’m 46 years old. — Higher-paid guy  A. Congratulations on the raise…

Can I Reinvest my RMD?

Can I Reinvest my RMD?

Q. Do you have to receive wage income in order to contribute to a traditional or Roth IRA? I’m over 70 1/2 and want to reinvest the Required Minimum Distribution money I have to withdraw annually from my IRAs. —…