Your Money hosts, Bruce and Peg, talk about what you should know if your significant other manages your family’s money.
Questions Answered Include:
- My son formed an LLC with a partner. The partner said he files taxes on the money he received from LLC on his personal tax return. Is this accurate?
- Bruce always says you have to spend your RMD. Is it not true that you can take your RMD withdrawal and reinvest it privately?
- We’re both 80, we're going to be moving to a senior residence later this year and selling our home. We're expecting to net about $400K after the sale. Where do we put this $400k? We have an adequate enough income with IRAs and SS to sustain ourselves in the new senior home.
Featured Segment: Significant Other Manages the Money
Peg Chromy Webb has specialized in financial consulting for more than 30 years and is a popular co-host of the “Your Money” Radio Show. She is passionate about financial education and shares her expertise on career-building and financial literacy through various charitable endeavors.