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 hurt hers. — Mom  A. This is an exciting time for...
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 and for deciding that you want to use the extra income to save for...
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. — Reinvestor  A. We’re glad you’re...