On this edition of Ask Suze (and KT) Anything, I answer questions from Women & Money listeners Rosio, Melba, Nicholas, Pam, Anne, Betty, Sharon and more selected and read by KT. This week’s questions: What is the best way to allocate funds in a Vanguard IRA? Should I open an account at Alliant in my name or in the name of my living revocable trust? What are your thoughts on investing in insurance? What do you recommend I do with bond investments? At 90 years old, should I sit and hold my retirement savings account? I am trying to help a friend learn to budget, but feel I am being taken advantage of. What should I do? I decided to transfer money from my IRA into a work sponsored 403(b). Is that a good idea to avoid pro-rata taxes? What is a good way for me to save my Stimulus Check? If I transfer money from my traditional IRA into my child’s 529 plan, do I have to pay tax for the distribution? This week’s Quizzie (from Cyndee): Should I buy a home in my name for my daughter and son-in-law, or gift them money for a down payment and expenses?
Posted by Suze at 2021-03-18 09:02:05 UTC