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personalfinance: Archive

Zacks Equity Research

How to Best Save Money for Your Grandchildren's Future?

Smart ways to save for your grandchildren, from 529 college plans to Roth IRAs, so that your money grows while teaching lifelong financial habits.

Zacks Equity Research

Can You Use Your 401(k) to Buy a House at 65 Without Paying Capital Gains?

Thinking of using your 401(k) to build or buy a house at age 65? Here is how taxes, penalties and smarter funding options really work for retirees.

Zacks Equity Research

Can Parents & Students Both Claim Tuition Tax Credits?

Wondering who can claim tuition tax credits: you or your parents? Here is how the IRS decides who gets to claim education expenses and how much you can save.

Meredith Margrave

The Hidden Power of an Emergency Fund

It wasn't a crisis that tested Meredith's emergency fund this year. It was an opportunity - one that came with a scary leap and a three-month gap in income. Here's how that little cushion gave her and her husband the freedom to take it.

Meredith Margrave

Why Financial Security Is More Exciting Than You Think

It's clear that most people think financial security is about restriction ??? that it's about constantly telling yourself no. But personal finance editor Meredith Margrave believes it's actually the key to unlocking a life of fun and opportunity. Here's why.

Zacks Equity Research

How to Find Old Non-Deductible IRA Contributions & Avoid Double Taxes

Tracking non-deductible IRA contributions is key to avoiding double taxation, and Form 8606 holds the proof that the IRS requires.

Zacks Equity Research

How Do You Take Money Out of Coverdell ESA Without Paying Taxes?

Coverdell ESA withdrawals can be tax-free if matched with qualified education expenses, but mistakes may trigger taxes and penalties.

Zacks Equity Research

Do Executors Get a Share of Life Insurance or Annuities?

Executors do not receive a share of life insurance or annuities unless named as beneficiaries. Payouts typically bypass the estate and are distributed directly to the listed individuals.

Zacks Equity Research

Do Beneficiaries Have to Pay Taxes When Inheriting Through Probate?

You may not owe federal income tax if you receive an inheritance through probate. Yet, some taxes may apply depending on the state and type of asset inherited.

Zacks Equity Research

Can You Deduct Home Equity Loan Interest on Your Taxes?

Interest on a home equity loan is deductible only if the loan proceeds are used for home improvements, and only when the taxpayer itemizes deductions rather than claiming the standard deduction.