Personal Finance
Latest Personal Finance News
This Is My First Year Taking RMDs. What Should I Do With the Money If I Don’t Need It Yet?
Anyone with a 401(k), traditional IRA or similar tax-deferred retirement account eventually is going to face the requirement to start…
I received a store card I didn’t apply for. Should I cancel it?
Hispanolistic / E+ / Getty Images Key takeaways If you received a store credit card you didn't sign up for,…
Our Combined Income Will Top $400k This Year. Can We Use a Backdoor Roth to Avoid Future Taxes?
A backdoor Roth conversion can save you significantly in future taxes, but at the cost of paying those taxes now.…
Inflation is no longer at a 40-year high but still stubborn: These are the items still expensive
Key takeaways The current inflation rate is 3.5%, with shelter, motor vehicle insurance and energy the current main contributors. Prices…
Oh, La La! Pennsylvania Court Rules Perrier Is A Soft Drink—And Taxable
Sales tax on food and beverages can be complicated. While five states do not have a sales tax (Alaska, Delaware,…
This Week In Credit Card News: The Cut In Late Fees May Increase Your Card’s Interest Rate
Synchrony Hikes Interest Rates on Credit Cards to Offset Late Fee Rule The credit card company Synchrony Financial is hiking…
I’m 65 With $850,000 in an IRA. Is It Worth It to Convert That Money to a Roth to Avoid RMDs?
Required minimum distributions (RMDs) from pre-tax retirement accounts can have a number of unintended consequences. These mandatory withdrawals can push…
Chase transfer partners: How to get the best value
Key takeaways Chase Ultimate Rewards points transfer to 14 popular airline and hotel partners, all at a 1:1 ratio. Transferred…
What is inflation? Here’s how rising prices can erode your purchasing power
Key takeaways Inflation is a sustained increase in prices of goods and services, which can negatively impact purchasing power and…
11 Retirement Planning Tips for 2024
Planning for retirement has a new look in 2024, thanks to changes brought about by Congress. Retirement savers this year…
