Q. I’m in a wedding band and it’s my only job. I earn about $100,000 a year. I’ve never created a company for myself or for the band. Would that be smarter for taxes? Most of the payments we get are cash or check.
Q. I want to start a retirement account for my son, who will be a college freshman. He doesn’t have income. Is an IRA out of the question? And which is better, a Roth or a traditional IRA?
Q. What’s the best time of year to sell stocks? If I want to sell from my IRA once a year so I can take a distribution, is there a better time to do it?