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How to Pay for College With Savings Bonds

My daughter will be going to college in the fall, and I'm starting to get the money together for the first tuition bill. Can I cash in our savings bonds tax-free to pay for college?See Also: 10 Best Values in U.S...

Who Qualifies for the Student Loan Forgiveness...

I am a police officer, and I'm wondering whether I qualify for the student loan forgiveness program for public service employees. How does the program work?Take Our Quiz: Valuable Lessons in Getting, Repaying...

Use a Health Savings Account to Pay Medicare...

We have a sizable health savings account in my wife's name. She will turn 65 and go on Medicare in August 2016. I am 71, and my monthly Medicare Part B premium is deducted from my Social Security payment. Can we...

Penalty-Free IRA Withdrawals for First-Time...

My wife and I are about to purchase a new home. Can we spread the $10,000 withdrawal the IRS allows across my IRA and hers? --L.F., Brooklyn, N.Y. See Also: 6 Home Projects That Save Energy and Money You can...

Benefit From Your 529 Plan and the American...

Can I use 529 money to pay college tuition and also claim the American Opportunity tax credit in the same year? --R.H., Paintsville, Ky.See Also: 10 Best Values in U.S. Colleges, 2016 Yes, if you plan carefully....

Required Minimum Distributions for the...

I'm self-employed and have a solo 401(k). Will I need to take RMDs from my 401(k) if I'm still working in this job after age 70½?See Also: RMD Tips for Retirees Taking Their First Required Minimum...

Tax Files: Which Ones to Throw Out, Which Ones...

I've finished filing my taxes, and I'd love to clean out my files. What tax records can I toss and what do I need to keep? See Also: Smart Steps to Get Ahead of Your 2016 Tax ReturnThe IRS generally has three...

Rolling Over Retirement Savings to a Health...

I thought you could make a tax-free rollover from retirement savings into a health savings account, but my 401(k) administrator says that I can't roll over my 401(k) into an HSA. See Also: FAQs About Health...

Act Fast to Make Roth IRA Contributions for...

My 16-year-old son worked as a camp counselor last summer. Can he contribute to a Roth IRA?See Also: 10 Things You Must Know About Roth Accounts Yes. There's no minimum age requirement to contribute to a Roth...

When College Students Need Renters Insurance

My daughter is in college, and she is going to rent an off-campus apartment with two friends next year. Will my homeowners insurance cover her apartment? Does each roommate need separate insurance?See Also: 13...

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