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Are We Too Young to Take Money From Our 401(k)?

Q: We have a 401(k) retirement account and would like to begin withdrawing ...
Q: We have a 401(k) retirement account and would like to begin withdrawing money so that our RMDs are smaller at age 70 ½. My wife is 61 and I am only 58 years old....

I Want to Give My Siblings Some Cash. Would Any of Us Have to Pay Taxes?

Q: I received a non-taxable life insurance policy valued at $80,000 and wan...
Q: I received a non-taxable life insurance policy valued at $80,000 and want to share it with another sibling. Will my sibling have to pay taxes on the money?—Jeanne, Indiana A: Your situation raises a...

Just Retired and Inheriting $1 Million: Is There a Downside?

Q: I am inheriting farmland in Illinois and getting around $1 million after...
Q: I am inheriting farmland in Illinois and getting around $1 million after taxes. I retired at 61 ½ at the end of 2016 and am researching where to invest. My current bank is paying...

I Lost a Paper Savings Bond. Am I Out of Luck?

Q: My aunt purchased a savings bond for me. I have no idea where the physic...
Q: My aunt purchased a savings bond for me. I have no idea where the physical bond is. Is there any way to get a replacement?—Crystal, McHenry, Ill. A: You're not alone in losing a...

What Is a Target-Date Fund?

Q.: My employer automatically enrolled me in the company 401(k) retirement ...
Q.: My employer automatically enrolled me in the company 401(k) retirement plan and put 100% of my money into a target-date fund. Is this safe? What exactly is it? A.: Not to worry. These days...

I’ve Got a Brand New Boss. How Do I Build a Good Relationship?

Q: I've got a new boss and want to get off on the right foot. What should I...
Q: I've got a new boss and want to get off on the right foot. What should I do to build a great working relationship? A: The new year is when a lot of companies...

How Long Must I Keep All My IRA Paperwork for Taxes?

Q: We have been keeping all our IRA documentation since the IRS guidelines ...
Q: We have been keeping all our IRA documentation since the IRS guidelines (to my understanding) say that you need to keep it forever. However, withdrawals from the IRAs that we have are all taxable...

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