Read Past Q&As
I have $4600 lump sum value in a retirement account with a former employer. The most recent statement says that at age 65 (20 years from now) it will pay a $92 monthly benefit. Is it better to cash out and transfer those funds to my current retirement account or leave the old account alone? What details should I look for to help make the decision? Thanks!
Submitted Jan 19, 2017
My husband & I own a tattoo shop (6yrs now) we are a sole prop with 2 contracted employees who are 1099'd. I am also self employed as a part-time self employed hair stylist who rents a chair & part-time stay at home mom. Our CPA is insisting we pay him monthly ($200 for my husband, $100 for me) I feel like this excessive? We make under $100k after deductions. Do we...
Submitted Jan 18, 2017
When forming a LLC Partnership and its time to pay your taxes. I understand that the taxes are a pass through, then on to the members. The members then pay their own taxes. My question is does each member pay 15.3% self employed tax. Or Is that 15.3% split when the members pay their own taxes. so they basically pay 7.5% each if there were only 2 members in the LLC...
Submitted Jan 17, 2017
I will be 70 1/2 in March 2017 and would like to consider QCDs as a result of the RMD requirements. Is it possible to have my financial planner arrange to divert IRA funds directly to various charitable organizations on a monthly basis? If so, can I vary it from month to month? Thanks.
Submitted Dec 28, 2016
My husband is on social security disability and is 63 years old. He will be receiving a pension from his previous employer, Fedex. He has recently gotten a little job where he works just two days a week. My question is, will his pension be included as income? As a disabled person, he is allowed to make a certain amount of money each month. Will his pension be...
Submitted Dec 14, 2016
I have a few old collection accounts on my credit report. I want to pay the accounts so at least they will be paid until the 7 years pass. The accounts are scheduled for removal in Jan 2018. If I pay the amount owed will it reset the 7 years it shows on my credit record?
Submitted Jan 9, 2017
Good Morning! I was wondering if it is possible to name a state as a beneficiary on a life insurance policy. The designation would include the amount to be paid to the state be only the amount the insured owes the state for state services. Thank You and Have a Good Day! Dan McHale
Submitted Jan 12, 2017
I am a self-employed harpist. I need long term disability insurance, especially for my hands, arms, and legs in case of a long term disability. I can find short term policies, but I cannot find long term policies. How do I find them?
Submitted Jan 16, 2017
If someone is living with their boyfriend, and his niece stomps on her foot and breaks a bone , can she file a claim with his home owner's insurance ?
Submitted Jan 7, 2017
My mother is on Medicaid and is currently has an interest only mortgage. The terms of this loan is that it is interest only for 10 years and then amortized for the remaining 20 yrs. The ten year period is up this May which will increase her payment by $300 per month. The bank said she wouldn't qualify for a refinance to a lower interest rate as she has no income...
Submitted Jan 16, 2017