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Using one of the popular personal finance apps intended to help you manage your money requires a step that causes some people to pause: when the app or site asks you for the passwords to your bank accounts and credit cards. How safe is it really to turn over the password[Read More…]
Tagged with: account Managed need retirement 16 hours ago 2 days ago 2 days ago Your email address will not be published. Required fields are marked * Comment Name * Email * Website Notify me of follow-up comments by email. Notify me of new posts by email. This site uses[Read More…]
Last week, “Bamboozled and Bewildered Wife,” wrote to The Moneyologist about some dastardly financial dealings undertaken by her husband on behalf of her brother-in-law. Here’s a short recap: Her brother-in-law wanted to hide money in a stock trading account ahead of his divorce and her husband agreed to help him.[Read More…]
If you inherit an IRA from someone other than your spouse, you cannot convert it to a Roth IRA. Assets in a 401(k) can be converted, but few do so. Q.: Dan, Thanks for the piece on inheriting retirement accounts. I bet very few beneficiaries ever think about converting a[Read More…]
Readers again wrote in with questions on how to maximize college savings, including on how best to use “529” accounts, the federal tax-advantaged college-expenses accounts that invest in mutual funds. We asked experts to help answer their questions. Can a 529 last indefinitely, for multiple generations of a family? What[Read More…]
