Read Past Q&As
When asked to calculate my income percentage for any financial planning (i.e. retirement, budgeting, investing), do I use my take home pay amount or the pretaxed amount?
Submitted Apr 28, 2013
I am considering buying a term life insurance policy just to cover the basics of cremation and funeral costs. I am 52, have no children ,but do have a partner. I don''t have a lot of cash coming in right now and don''t have a lot of money saved due to going through bankruptcy recently. I have about $40,000 that I recently inherited. So I guess I''m wondering how...
Submitted Apr 27, 2013
My wife is a independent contractor. We would like to open a Defined Benefit plan for future savings, do you have any recommendations ?
Submitted Apr 25, 2013
if i would of close universal life insurance paid surrender fees and take the premium losses in the last 8 yrs walk a way with cash value which was a loss. however, can i write off the portion of cost & losses that the company used to invested in the last 8 yrs by transfer into brokerage acct.??
Submitted Apr 23, 2013
My wife and I are doing our debt snowball and intend to be debt free by the end of this year. I have a a Roth IRA opened last year and a 401K through my job and my wife starts work this summer. Then, we will be making a combined income of $184,000 so would not qualify for a Roth anymore. Can we open a traditional IRA and if so, are there any limitations on how many...
Submitted Apr 16, 2013
I''m looking for resources and/or vehicles to help young adult children of high net clients become responsible stewards of money given to them. We’ve meet with three clients during the past few weeks who are looking for help with this. Any leads you might provide are most appreciated.Thank you.
Submitted Apr 12, 2013
Last year my father passed away, and his four children were named as beneficiaries on an IRA of his. The IRA funds were split into 4 IRAs one for each of us. I want to transfer the IRA from its present financial institution to another one, but to do that I would have to convert it from an inherited IRA to a traditional IRA. Is this possible? If so, what are the...
Submitted Apr 5, 2013
My Fiance and I would like to eventually purchase a home together. He already owns a condo, but I do not own any property, making me a first time home buyer. What would be the benefits of having the home purchase be done under my name? Would those benefits be affected if he had his name on the purchase as well? Are there any disadvantages? What other things should...
Submitted Apr 2, 2013
I am considering building a small retirement cottage on my daughter/son-in-law''s property which includes their home and they hold a mortgage thereon. I would cash IRA $ to do so. What if any concerns, issues do we need to mindful of?
Submitted Mar 31, 2013
Hi, Do you have any good references for "non-traditional" IRAs? I have a property based IRA and am about to do another significantly sized roll over and wondering about my best course. I am thinking of doing this rollover into the property IRA to fund building a retirement house (10 years off) although of course we can''t stay in it etc. (I''ve got the IRS rules...
Submitted Mar 26, 2013