I am a retired federal employee. As such, I have health insurance through the Federal Employees Health Plan. Since I am over 65, I also have Medicare Part B, for which I also pay a premium. Medicare Part B is my primary and the insurance provided by the U.S. government is secondary. Which would be more advantageous: keeping both insurance plans, or dropping the Medicare Part B? -- Allan, Knoxville, Tenn.
As MOREMar 29, 2012 6:00 AM ET
I have a large number of open credit card accounts with $0 balances. I open them for the promotional offers, and then I pay them off and never use them again. I was advised that if I close them, I would lower my credit score. I only have one credit card that I use. How can I handle this without lowering my credit score? –- Name withheld You heard correctly—closing unused MOREMar 27, 2012 6:00 AM ET
I currently work with a financial adviser and I have no idea what he is charging me for his services. I have seen some fees come out of my small cash account that I have with him. I know there must be more than that, but the statements are confusing. Should he provide this information to me annually? —- Name withheld
The short answer to your question is yes—an adviser should provide MOREMar 26, 2012 5:30 AM ET
Can I keep my tax withholdings throughout the year and earn interest off of the money, then pay my taxes at the end of the year? This way I would earn interest off the money, rather than the government. — Gabe Scherer, St. Louis, MO
Sure you can -- as long as you don't mind paying interest and penalties to the IRS in April due to underpayment of taxes. "If you MOREMar 21, 2012 6:00 AM ET
Is it really wise to hold mutual funds or even individual stocks in a traditional IRA? Given the current 15% tax rate on capital gains versus a 25% personal tax bracket, it would seem better to hold all capital gain-producing financial vehicles either in a Roth or in a taxable account. --Name withheld
You are asking why you should pay 25% on earnings in an IRA when you withdraw, when you could MOREMar 19, 2012 6:35 AM ET
I am the father of a 22-year old who works part time and attends college part time. I typically claim her as a dependent every other year and her mother (whom I have never married) claims her when I don't. I'd like to know is whether it would be more beneficial for financial aid purposes to claim her as my dependent for 2011 or to allow her to MOREMar 16, 2012 6:00 AM ET
I'm a married 45-year old stay-at-home mom; my son is four. My husband is disabled, works full-time (as a physician), and I am his main caregiver. He's a federal employee, and has good health insurance, as well as life and disability insurance. His disability is not life threatening, and financially we're fine. But his disorder is progressive. I take care of him after work and on weekends. If anything happens MOREMar 15, 2012 6:06 AM ET
I recently took my 10-year-old daughter to open her first bank account. The bank officials warned me she is the victim of identity theft. Somebody opened and abused a bank account using her social security number in Everett, Wash.
I need to learn how I can monitor her identity (or credit) in addition to her two brothers (all under the age of 18). I tried using identity/credit monitoring services, however, it MOREMar 8, 2012 5:05 AM ET
I am a new investor and am interested in purchasing stocks. Would it be smarter for me to use a broker or purchase them myself? -- Name withheld
We applaud the idea of building an investment portfolio, but let's back up a second here. Broker issue aside, purchasing individual stocks as a new investor could leave you, well, broker than you started. After all, you don't want to buy shares MOREMar 5, 2012 9:56 AM ET
I have gotten a few credit cards — which I pay off each month—because they will allow me to gain free travel. Now, however, I feel I have too many, and I'd like to close some of them. How do I do that without hurting my credit score (now 766)? Is there a formula or a method of determining which ones are less likely to ding my score? --Name withheldMar 1, 2012 5:54 AM ET
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