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Paying Long-Term-Care Premiums With HSA Money

Can I use money from my health savings account tax-free to pay long-term-care premiums?Yes. If you have a "tax-qualified" long-term-care policy, you can use money from your HSA tax-free to pay a portion of the...

Good Reasons to Buy a Deferred Income Annuity

I understand that the Treasury Department just changed the tax rules so people can now invest IRA money in deferred income annuities without worrying about required minimum distributions. Should I invest in this...

The Benefits of the Roth 401(k)

My wife and I are both 54 years old, and we each earn a six-figure salary. We are currently maximizing our contributions to our employers' traditional 401(k) plans. Does it make sense for us to contribute to a...

Insuring Stuff at College

My daughter will be starting college in the fall. Will her electronics and other possessions be covered by my homeowners insurance? Your daughter's possessions should be covered by your homeowners insurance if...

Tax Breaks for Generous Grandparents

I want to contribute to a 529 account for my 4-month-old granddaughter. Can I get a tax deduction, or is that just for the parents? Yes, grandparents can claim the deduction for contributing to a 529 if they...

How to Roll Over a Roth 401(k)

I have access to a traditional and a Roth 401(k). How much can I contribute to each, and will there be tax issues if I roll the money into an IRA? --Todd Donohue, Potomac Falls, Va. You can split the traditional...

5 Ways to Reduce Retiree Health Costs

I saw the report that 65-year-old couples will need more than $200,000 for health care costs during retirement. Why is the amount so steep, and what can I do to lower these costs?Fidelity's annual retiree health...

The Benefits of Using Savings Bonds for College

My son is starting college in the fall. Can we use our savings bonds tax-free to pay for his college costs? If you use I bonds and EE bonds issued after 1989 to pay college tuition, you don't have to pay taxes...

Contributing to Your Health Savings Account

I started a new job in April that offers a high-deductible health insurance policy with a health savings account. Am I able to contribute the full amount for family coverage to the HSA for 2014, or do I need to...

Delaying Required Minimum Distributions from...

I will turn 70½ in a few years. Is it true that I have to start taking required minimum distributions from my Roth 401(k)? Is there any way to avoid the withdrawals? You generally do not have to take required...

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Stories & Features

Investing

3 Simple Steps to Make the Most of Your 401(k)

Step 1 Contribute at least enough to get the company match, and aim to kick in 15% of your salary...

Spending Wisely

7 Must-Haves for Your Emergency Kit - Slide Show

When disaster strikes and the grid crashes, candles will get you only so far. So we came up with a...