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Free Credit Report Freezes

[Question]I'd like to freeze my credit record to protect against identity theft. I heard that Congress recently passed a law making credit freezes free. When can I get my free freeze?[Answer]Congress just passed...

Creating a Memorial Through a Scholarship

[Question] My family would like to establish an engineering scholarship in memory of my late uncle, who was an engineer and a veteran of World War II. How do we set up a scholarship, and how much do we need to...

Withholding Taxes From Social Security

[Question]I'm about to sign up for Social Security. Do I need to also sign up to have taxes withheld from my benefits?[Answer]You aren't required to have taxes withheld from your Social Security benefits, but...

Taxes When Using the Back Door Into a Roth IRA

[Question] I read your column How to Undo a Roth Contribution If Your Income is Too High. But if your income is too high, can you -- under the new tax law -- still make backdoor Roth contributions by converting...

How to Bequeath a Health Savings Account

What happens to my health savings account when I die? Do my heirs have to pay taxes on the money in it? -J.Y., Port Charlotte, Fla.See Also: Best Health Savings Account You should name a beneficiary for your...

Can My Teen Contribute to a Roth IRA?

My 16-year-old son is earning money by mowing lawns. Can he contribute to a Roth IRA? A.C., Knoxville, Tenn.SEE ALSO: The Top 10 Retirement Tips You Can Give Your Millennial You can contribute to a Roth IRA at...

Should You File a Small Auto Insurance Claim?

I'm debating whether to file a claim with my auto insurer for a $1,000 repair to a damaged bumper. I have a $100 collision deductible. Will filing a claim increase my premium? -E.E., Plainsboro, N.J.SEE ALSO: 6...

How a Grandparent's 529 Account Affects...

[Question]I read your column Shopping for a 529 Plan for a Grandchild. Don't grandparents have to be careful about opening a 529 for their grandchild because it could hurt his or her ability to get financial...

How to Calculate Tax-Free and Taxable IRA...

[Question]I am trying to figure out how much I'll owe in taxes when I roll over some money from my traditional IRA to a Roth. I made some nondeductible contributions to the IRA a while back, so some of that money...

IRS Revises HSA Contribution Limit for 2018 --...

[Question]In March, you wrote that the IRS reduced the maximum amount a family could contribute to a health savings account for 2018 after it had announced a higher limit months earlier. Did the IRS ever do...

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