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How to Undo a Roth IRA Contribution If Your...

[QUESTION]I know I can't undo conversions from a traditional IRA to a Roth anymore. But what if I contribute to a Roth and then discover my income is too high? -J.C., East Lansing, Mich.[ANSWER]Even though the...

Should You Get Cell Phone Insurance?

[Question]Now that new cell phones are more expensive, should I consider getting cell phone insurance? What are the best options? -M.S., San Diego[ANSWER]Cell phone insurance isn't worth the cost if you rarely...

Don't Miss the Deadline for Your RMDs

[Question]I turned 70½ last year and took part of my required minimum distribution in 2017, and I'm taking the rest before the April 1, 2018, deadline. Does that mean I have to take my next RMD by December 31,...

Helping Young Workers Open a Roth IRA

[Question]My 16-year-old son earned some money helping out at a summer camp last year. Is he eligible to contribute to a Roth IRA, and is it too late to make a 2017 contribution? What are some IRA administrators...

New Medicare Cards Are Coming Soon

[Question]I remember reading that Medicare will start sending out new cards this year that don't include Social Security numbers. How can I find out when I'll receive my new card? Do I need to do anything to get...

Health Insurance Options When Leaving a Job

[Question]I'm thinking about leaving my job and starting my own business, but I'll lose my health insurance from work. Can I sign up for coverage through HealthCare.gov now, or do I have to wait until open...

New Limit for Health Savings Account Contributions

[QUESTION]I just saw that the 2018 HSA contribution limit for people with family coverage was reduced to $6,850, after the IRS had already announced it would be $6,900 for the year. Why did it change? If I...

Lottery Winnings' Impact on Social Security

[QUESTION]If I win the Powerball jackpot, will that affect my Social Security benefits? I'm 63, so I'm worried about the earnings test. -L.S., Boca Raton, Fla.See Also: 5 Better Investments Than...

What's the Penalty for Canceling a Rewards...

[Question]If I get a rewards credit card that waives the annual fee for the first year and cancel the card before it charges the fee, will that affect my credit score? -J.B., Harrisburg, Pa.[Answer]You can...

Insurance for Home Sharers

[Question]I'm thinking about renting out my house through a home-sharing service while I'm away for a few weeks. Do home-sharing services provide any insurance? G.P., Baltimore, Md.[Answer]Home-sharing services...

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Investing

The 8 Best ETFs to Buy to Invest in Biotech Stocks

Biotech stocks typically are considered one of Wall Street's more aggressive sources of growth. These...

Spending Wisely

To Retire Safely, Make Smart Spending a...

The financial planning industry tends to put a big emphasis on how much you've saved for retirement,...