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Merging Credit Card Accounts

I recently married, and my husband and I are setting up our financial accounts. We're thinking about switching to a joint credit card to simplify our finances, but we are concerned that canceling our old credit...

Get the Kids Started in Stocks

I'd like to create a savings fund for my grandson and also encourage him to take an interest in investing. For my own children, I set up dividend reinvestment plans years ago, but I haven't heard about DRIPs in a...

When Job-Search Expenses Are Tax-Deductible

My daughter graduated from college in the spring and started her first job last month. She spent a lot of money on travel and other costs for her job search over the past few months. Are those expenses...

Taxes on Home-Sale Profits

We just sold our house and got a great price for it. How do I figure out whether I need to pay taxes on the profit?It depends on how long you've lived in the house and how much profit you made. If you lived in...

Another Way to Fund a Health Savings Account

Can I transfer money from my traditional IRA to a health savings account?If you have an HSA-eligible health insurance policy, then you can roll money over from a traditional IRA to an HSA and avoid a tax bill on...

Reimbursing Yourself From a Flexible Spending...

My husband started a new job in April and signed up to contribute to the dependent-care flexible spending account. I know I can use the money for day camp for my son while we work, but I paid some of the bills...

How to Tap a 529 College Savings Account

My son will be a freshman in college next month, and we're going to start using his 529 account. What costs are considered qualified expenses? Do I withdraw the money first and then pay the college, or does the...

Good Reasons to Open Separate College Savings...

Our son was just born, and we also have a daughter who is 2 1/2 years old. We have a 529 college-savings account for her. Can we save for college for both kids in the same 529 account, or do they each need their...

Tapping an IRA for a Home Down Payment

What are the rules for withdrawing money from my IRA for a house down payment? Do I have to pay a penalty because I am under age 59½? First-time home buyers of any age can withdraw up to $10,000 from a...

How to Increase Your Social Security Benefits

How much extra money can I get each year if I delay taking my Social Security benefits?Delaying your Social Security benefits beyond your full retirement age is a great way to boost your annual payouts for life...

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Provided by Kiplinger

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