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Tax Planning
Due to a disability, I am unable to work and have had to retire at 49. Given the economy and my future earnings capabilities (doctors say that any employment would have to be part time) do you have any suggestions as to what would I need to do in order to save more money for the future. Would an Individual Retirement Account be something that I should consider?...
Submitted May 20, 2013
How might an individual get an education on borrowing and managing personal debt?
Submitted May 19, 2013
Will my car insurance premium go up if my friend was driving my car and scraped another car? My friend was driving alone. I wasn''t even in the car at the time.
Submitted May 16, 2013
Does my 14 or 15 year old have to have Social Security/Medicare taxes deducted from his summer job? Probably maximum income of $2000.
Submitted May 16, 2013
I have had several debts sent to different collection agencies. How do I pay down and which one do I choose first?
Submitted May 13, 2013
Can a policy holder of life insurance change the beneficiaries when an insured has died? My mother died on March 16th of this year. My grandfather has life insurance for my mother and I (34 y/o) am the beneficiary for both my mother and grandfather. From what I gather, my grandfather is the policy owner, my mother is the insured, and I am the beneficiary (don''t...
Submitted May 12, 2013
Hello...I am being paid by my ex-spouse for my living expenses via maintenance. He pays me using the payroll company that his business uses. I asked him to withhold my taxes since he pays me through his business payroll department. He said that his accountant said that since I am NOT employed by him this is not possible. He currently pays for some of my health...
Submitted May 12, 2013
I have 401K money with an investment firm, and I am 71+, the firm just started sending me a few thousand dollars at the end of the year, because they have to, if I was to take all my monies out at one time how much tax would I have to pay, I would rather have all my cash because I am making nothing being invested, each year the firm makes money but not me. My husband...
Submitted May 6, 2013
Hi, we own two homes: one that we're living in and the other that we used to live in, which we rent out currently. We're thinking if it's more money saving to sell it within three years after we moved out of the old house, than keeping it for a longer period to help our kids go to college. This old house's rental basis (the market value as of the day we moved out)...
Submitted May 6, 2013
we have six months cash on hand + an extra $40,000. We have $75,000 left on our morgage. Would paying down the morgage with the $40,000 make sense or would it be best to "invest" it?
Submitted Apr 29, 2013
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