Liz Weston: 20-something son is ready to take control of his finances. Should he drop our co-owned credit card?
Answer: The IRS requires five-year holding periods before earnings can be withdrawn tax-free from Roth accounts. The ...
Liz Weston: What sort of vital records should we include in a disaster kit, or if we need to evacuate?
Some important documents are easily accessed online. But what other documents are vital, and how should they be stored?
Liz Weston: Youngest brother was left out of aunt’s will. How much can we share with him without tax penalty?
My brother and I want to do the right thing for our younger brother and give him an equal share from our inheritance. I know ...
Liz Weston: Does my 401(k) have same drawback as payable-on-death bank accounts?
If your only asset is your 401(k), your beneficiary will receive that money even if the estate has bills to pay.
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Money Talk with Liz Weston: Handling family property, when to take retirement and building credit history
Liz Weston, Certified Financial Planner®, is a personal finance columnist for NerdWallet. Questions may be sent to her at 3940 Laurel Canyon, No. 238, Studio City, CA 91604, or by using the ...
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Liz Weston: Workers, classified as independent contractors, often end up with surprise tax bills
Dear Liz: A parent recently wrote to you about a son who was being paid as a contractor. I know someone else who got a job that did not “take out taxes from his paycheck.” Such workers believe ...
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Liz Weston: Capital gains exclusions haven’t changed since 1997, even as home values have soared
Dear Liz: I have sold my family home recently after almost 50 years. I had done lots of improvements throughout those years. Due to a fire 15 years ago, all the documentation for these ...
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Liz Weston: Can I start a Medicare Advantage Plan, then switch back to original Medicare without paying a fine?
Liz Weston, Certified Financial Planner, is a personal finance columnist for NerdWallet. Questions may be sent to her at 3940 Laurel Canyon, No. 238, Studio City, CA 91604, or by using the ...
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Liz Weston
Liz is a NerdWallet Columnist and Certified Financial Planner® whose goal is to help you get smarter about money so you can get on with your life. She's the author of five books including the ...