How Do I Find the Best Place to Retire?

Q: I live in New Jersey. Which state would be financially better to retire ...
Q: I live in New Jersey. Which state would be financially better to retire to: Pennsylvania or North Carolina? - Kevin, Bridgewater, NJ A: Your cost of living in retirement can make or break your...

What's the Tax Impact of Gifting Money from a 401(k)?

Q: My sister has cashed out her 401(k) and wants to give it to me as a gift...
Q: My sister has cashed out her 401(k) and wants to give it to me as a gift. How will this affect us tax-wise? The amount is about $14,000. —Beverly, Benton, Ark. A: Lucky for...

How does a quitclaim deed work?

Q: What are the tax implications of using a quitclaim deed to transfer my h...
Q: What are the tax implications of using a quitclaim deed to transfer my home? – Danny Chang, Los Angeles A: A quitclaim deed reflects a transfer of property, and is often used when transferring...

Should I Be More Hands On With My 401(k)?

Q: I am in my mid-30s and I am hands off with my 401(k). Should I be more a...
Q: I am in my mid-30s and I am hands off with my 401(k). Should I be more active with the funds my 401(k) is plugged into? – William E. Collier A: When it comes...

What's the Best Way to Sell My Home to a Relative?

Q: I want to sell my home to my sister for $1. What's the cheapest way? Do ...
Q: I want to sell my home to my sister for $1. What's the cheapest way? Do I need a lawyer? — Stacy C. Bouknight, Glenside, Pa. A: No, you don’t need a lawyer to...

Should I Buy a Deferred Income Annuity—and When?

Q: I’m interested in buying a deferred income annuity to supplement my inco...
Q: I’m interested in buying a deferred income annuity to supplement my income in my later retirement years. What is the best age to buy one? – Jeremy, Austin, Texas A: As worries about running...

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