Personal Finance

We cover the basics and more about personal finance, answering frequently asked questions about credit and debt, identity theft, saving for college, retirement, estate planning, insurance, taxes, job hunting, and raising money-savvy kids. Check out the articles, columns, blog posts, radio shows and videos for tons of personal finance advice.

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Tax Treatment of Inherited IRA: Subject To Taxes

Added July 23, 2009 by Ilyce R. Glink

If you inherit an IRA account, you have some choices with what to do with the money and the tax treatment you receive from teh IRS. In some cases, if you do nothing, your money will be subject to federal income taxes. If you roll the money over into a new IRA account you can avoid paying taxes right away. If you take all the money out right away, you will have to pay taxes on the full amount as income.

Read More: Tax Treatment of Inherited IRA: Subject To Taxes

Personal Finance Videos

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Save Money With This Light Switch

June 26, 2008

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If you're looking for ways to save energy consider changing your light switch to a light dimmer. This light switch will extend the life of your light bulbs and save you money. Lutron's Melissa Andresko tells you how the light switch saves you money.

Watch Video: Save Money With This Light Switch

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