Ask Suze (and KT) Anything: March 18, 2021

On this edition of Ask Suze (and KT) Anything, Suze answers questions from Women & Money listeners Rosio, Melba, Nicholas, Pam, Anne, Betty, Sharon and more selected and read by KT.  

This week’s questions:

What is the best way to allocate funds in a Vanguard IRA? Should I open an account at Alliant in my name or in the name of my living revocable trust? What are your thoughts on investing in insurance? What do you recommend I do with bond investments? At 90 years old, should I sit and hold my retirement savings account? I am trying to help a friend learn to budget, but feel I am being taken advantage of.  What should I do? I decided to transfer money from my IRA into a work sponsored 403(b).  Is that a good idea to avoid pro-rata taxes? What is a good way for me to save my Stimulus Check? If I transfer money from my traditional IRA into my child’s 529 plan, do I have to pay tax for the distribution?

This week’s Quizzie (from Cyndee): Should I buy a home in my name for my daughter and son-in-law, or gift them money for a down payment and expenses?

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