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How to Calculate the Tax Bill on Withdrawals...

[Question]I invested $150,000 in a variable annuity about 15 years ago and haven't taken any withdrawals yet. Now that I'm in my late sixties, I'd like to start tapping the account, which is now worth about...

What to Do With a 529 College-Savings Plan...

[Question]We have been saving in a 529 since our son was young, but he has learning issues and may not end up going to college. What options do we have to access the funds in the account if he doesn't go to...

10 Things You Need to Know About Health...

[Question]I don't have many medical expenses. Why would I want to open a health savings account?SEE ALSO: How to Make the Most of a Health Savings Account [Answer]If you don't have many medical expenses now, in...

When to Sign Up for Medigap and...

[Question]I read your column about the time frame for signing up for Medicare Part B if you're still working past age 65. How long do you have to get Medicare supplement and Part D coverage or a Medicare...

Don't Overlook These Tax Credits for College

[Question]I'll have two children in college this year - my daughter is starting her junior year, and my son will be a freshman. Can I take the American Opportunity Credit for expenses for both of them?SEE ALSO:...

Opening an ABLE Account

[QUESTION]Is there an age limit for opening an ABLE account for a person with a disability? What documentation do you need to provide to show that the person is eligible?[ANSWER]People of any age who developed a...

Prepaid Cards & Teen Checking

My 13-year-old son is flying alone to go to summer camp in Colorado. I'd like him to have access to extra money in an emergency, but I think he's too young for a credit card. What do you suggest? --H.T.,...

6 Ways to Trim the Cost of Car Insurance for a...

[Question]My son is about to get his drivers' license, and I know our insurance is going to go through the roof! What can I do to make it less painful?SEE ALSO: 6 Steps to Cut Your Car-Insurance Rates [Answer]No...

What to Know About Reimbursements From 529 Plans

[Question]My son will be starting college in Maine this fall, and we'll withdraw money from his 529 plan for the first time. Do we need to provide the college-saving plan with evidence of eligible expenses before...

What to Know About Enrolling in Medicare Part B

[Question]I signed up for Medicare Part A when I turned 65, but I didn't enroll in Part B because I was still working and had health insurance from my employer. But now I'm 68, and I plan to retire later this...

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Win the Lottery? Here's the First Thing You...

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