Ask Suze (and KT) Anything: December 10, 2020

On this edition of Ask Suze (and KT) Anything, Suze answers questions from Women & Money listeners selected and read by KT.  

This week’s questions:

Do I need a minimum amount of money to open a ROTH IRA? Is it OK to have a joint account with my spouse, to pay household bills? Do you think it’s possible to be financially abused if I make more money than my spouse? Do I need to take distributions now, from an inherited Stretch IRA? Should we pay off our 401(k) loans faster? My student loan was forgiven and I was taxed on the amount forgiven. I don’t have the money to pay the tax, what can I do? Do we need to put our SEP IRA into our revocable trust? If my husband and I make over $200,000, am I still allowed to contribute to my work’s ROTH 401(k)? How can I refinance my car loan for a lower interest rate? Should I roll my ROTH IRA from a Class A Fund into something better?

This week’s Quizzie:  If I took a loss when selling a stock, then I bought it back, can I still claim the initial loss?

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