Parents should get insured first
Q: We have two whole life policies on our two children, who are 4 and 1. They are for about $50,000 each.
Moving to your beach house still an option
Q: I was going to retire this year, but with the stock market losses, I am going to push my retirement back another year or two.
Using EE and I bond interest for education
Interest from EE and I bonds issued after 1989 may be completely or partially excluded from federal income tax when the bond owner uses the proceeds for qualified higher education expenses.
View the whole picture in retirement locale
Q: We are retiring soon, and we are sick of paying taxes and want to move to a low or no tax state such as Florida or South Carolina.
Man, 54, in ill health weighs retirement risks
Q: I am a single 54-year-old man, and I'm planning on retiring for health reasons.
A pro or kinfolk? Picking an estate trustee
Nicholson:Q: We are working with our family attorney on our estate plan. He has suggested that we establish living trusts and name a bank as trustee of our trust upon our death.
It might be best to wait to sell off I bonds
I wouldn't buy 'I bonds' right now, but if you don't need the money, selling them may be short-sighted.
Some IRA investments are subject to tax
Q: I received a notice from one of my investments that the K-1 would be late and I was to file an extension for my 2008 tax return.
A will should name a guardian for the kids
Q: Thanks to some gentle but continuous nagging from my mother-in-law, we finally prepared our wills a few months ago with a software program she bought for us.
We're getting a big refund. Now what?
Nicholson:Q: As always, we will receive a large refund from both our state and our federal tax return this year.
Making a son your trustee can backfire
Money Matters:Q: My husband's dad passed away about two years ago and left everything to his mom in a trust. My husband is the trustee, and we advise any of your readers not to make one of the children the trustee.
No point in trying to forecast election
Q. I read an article by the managing director of a firm that "caters to high net-worth individuals" concerning the impact the election may have on taxes, specifically the capital gains tax rate.
Converting to Roth IRA brings up complex rules
Q. I have received conflicting answers and would like to ask you the following: If I convert my traditional IRA to a Roth IRA, when can I withdraw the money?
College savings best in parents' names
Q. Many years ago when our children were young, we opened UTMA [Uniform Transfers to Minors Act] accounts for them at the urging of a stockbroker friend.
Tricky choices on I Bonds
Q. I bought some I bonds when they were paying 4.66 percent. I wanted to buy more, but now they are paying 2.21 percent. I don't know enough about how these bonds work to know the answers to the following: 1) Should I wait until the rate changes, or since they adjust every six months, does it really matter?
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