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. I apparently inherited an IRA from my aunt five years ago, but I just found out. What taxes might I owe because I haven’t taken distributions? But I didn’t know it existed!
Q. I have $50,000 in a stock account and $250,000 in retirement accounts. Can I use the stock account to add money to my IRA, and if I can, do I have to sell the stocks? And can I just transfer the money to my current IRAs? Or do I need a new one?
Q. I’ve been a good saver in my 401(k) plan, but I don’t have much else. Now I have an inherited IRA that I need to take distributions from. Am I better off putting the money in an IRA or saving in a different account that I can access any time? I’m 42.
Q. I am 70 and I have a small IRA that I forgot about. It was inherited by me when my first husband died almost 20 years ago. I never took any Required Minimum Distributions (RMD) from it. I didn’t realize my mistake until I started looking at the distributions for my own IRA. What should I do?
Q. My husband doesn’t think I need an IRA but I do. I don’t work, but I know I can invest in an IRA anyway. Is there a way to do it so he doesn’t know? Like if I get statements online, etc.?