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Q&A: "I am 65 and Want to Tap my IRA and Other Annuities to Help Pay for my Daughter's College Education...Will I Need to Pay Taxes on the Money Applied for Tuition and Housing?"

I am 65 and want to tap my IRA and other annuities to help pay for my daughter's college education. I know there isn't a penalty for withdrawal, but will I need to pay taxes on the money applied for tuition and housing? Is there a limit on the amount that can be used each year without tax liability? I was planning on withdrawing $8,000 - $10,000 per year.

Insurance Retirement Accounts Tax

Q&A: "I am Going to be Receiving a $200,000 Inheritance. Where do I put this Money?"

Question and background: I am a 40 year old single female. I am going to be receiving a $200,000 inheritance. Where do I put this money? Annuity? Roth? Invest? I make $40,000 annually. I have $40,000 in 401k. I have $60,000 left on mortgage for condo that is underwater but no other debt. I have $20,000 liquid. I want to make the best decision for future financial security.

Insurance Investment Retirement Accounts Tax