Carrie Schwab Pomerantz

Posted April 13, 2016

Dear Carrie: I'm thinking of taking a distribution from my Roth IRA. What do I need to know? Are there any taxes or penalties? -- A Reader

Posted April 07, 2016

Dear Carrie: After several years as an employee, I'm launching my own construction business as a sole proprietor. I've got a great accountant for the business side, but need help figuring out the personal side of my money. Can you help? -- A Reader

Posted March 16, 2016

Dear Carrie: I've just had a baby! Things are pretty crazy in my house right now, but I want to be sure I give my daughter every opportunity I can. I have a little bit of money saved up, but I'm uncertain what the best use is for it. Should I buy a savings bond, a CD, open an investment account or put it all in a college fund? -- A Reader

Posted March 09, 2016

First, no matter your age, all 401(k) distributions are taxed as income according to your tax bracket the year that you withdraw the money, unless you have a Roth IRA.

Posted March 03, 2016

Dear Carrie: My daughter is 16 and has her first paying job. Does she need to file a separate tax return? -- A Reader

Posted February 24, 2016

Dear Carrie: My mother is quite independent and does a lot of her financial business online. I hear about fraudsters preying on seniors all the time and worry about her falling for a scam. How can I protect her?

Posted February 17, 2016

Dear Carrie: I've been carrying a number of both federal and private student loans for several years. While I've been able to keep up on payments, I'm thinking about consolidating to make things simpler. Is that a good idea? -- A Reader

Posted February 04, 2016

Dear Readers, Here we go again. Just when we thought we could put the worries of 2008 and its aftermath behind us, market volatility once again has individual investors spooked and wondering what to do. While every investor knows that risk comes with the territory, the recent wild gyrations are enough to make even the hardiest investors question their approach.

Posted January 27, 2016

Dear Carrie: I'm thinking of refinancing my mortgage since I know interest rates are going up. Does it still make sense or have I missed the boat? -- A Reader

Posted January 21, 2016

Dear Carrie: My husband and I can't come to an agreement on whom to appoint as a guardian for our three young children. He says his brother, I say my sister. How can we reach an agreement? -- A Reader

Posted December 03, 2015

What You Can Give Tax-Free Annually

Posted November 18, 2015

Dear Readers: With time rushing by and the end of 2015 in sight, you may be lamenting that you haven't accomplished all that you had planned. But even if you'll have to put off certain things until 2016, you still have time this year to make some smart financial moves.

Posted November 11, 2015

Dear Carrie: I have a question regarding my Social Security benefits from my deceased ex-spouse. We were married about 16 years, we divorced and I remarried. I am now divorced from my second spouse. Am I now able to receive survivor benefits from my first (deceased) ex-spouse? -- A Reader

Posted October 28, 2015

Dear Readers: If you're like most people, you've made a few hare-brained money decisions in your time. That's just being human. However, if you're striving to get yourself on track, I suggest that you review these ten smart money management tips. This Halloween, treat yourself to a more secure financial future!

Posted October 21, 2015

Dear Carrie: I'm turning 62 this fall and looking forward to starting Social Security. My good friend told me it's better to wait, but I'm eager to supplement my income. How do I decide? -- A Reader

Posted October 14, 2015

Dear Carrie: I would like to open a savings account or a Roth IRA for my 6-year-old son. What do you think? -- A Reader

Posted October 07, 2015

Dear Readers: Fall is in the air and that means three important things: summer vacation is over, the kids are back in school, and it's open enrollment for most employer health care offerings. While you may have mixed feelings about the first two, the opportunity that open enrollment offers you to plan for health care costs while saving on taxes is nothing but positive to me. So if you're lucky enough to have an employer that provides a health savings account, a flexible spending account -- or both -- I recommend looking into them at the first opportunity.

Posted October 01, 2015

Dear Carrie: I'm retiring. My wife retires in four years. We don't plan to pay off our "good" home mortgage debts, seeing as they provide tax relief. But my instinct is to settle all major "bad" debts (associated with credit cards, home equity lines of credit, etc.) in order to start retirement with a clean slate. Trouble is, we don't have cash in hand to pay off these "bad" debts. My wife thinks that my instinct to start retirement debt-free is a crackpot idea. Is she right? -- A Reader

Posted September 23, 2015

Dear Carrie: My wife and I are both turning 66, and I understand that this is "full retirement age" according to the Social Security Administration. Should we both file on our birthdays, or is it better to wait? And could a spousal benefit help us collect more? -- A Reader

Posted September 17, 2015

Dear Carrie: Everyone I know seems to be setting up a living trust, even my friends who aren't that wealthy. My husband and I have wills, but that's it. How do we know whether we need a trust? -- A Reader


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