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Father worked for the state has retirement- was professor so probably pretty good. Mother has hints of Alzheimers and at high risk of long term care needs. there is paid off modest house. Assets but unknown. What is best way to protect the assets and house? In NC they said that spousal community income must be under 1839.00 so there goes the immediate annuity...
Submitted Apr 23, 2012
In July we will be 74 (husband) 73 (wife) No debt,$575,000 invested mutual funds-(Price and Vanguard) ($242,000 rollovers,$306,000 Roths,$27,000 Jt. Ten.)Currently taking out $25,000 including RMD''s. (Kids are very well off). When will we run out? or should we spend more, even though we are happy at this level. Very blessed and healthy.
Submitted Apr 22, 2012
My HUsband and I have bad credit but it''s time for my daughter to go off to college.We wouldn''t qualify for a loan and neither would she since she has no credit.We don''t have anyone at all who can cosign on a loan for her. Do we have any options at all now or are we in a situation that we cannot send her to college.
Submitted Apr 18, 2012
i have 3 questions.I am 63 years old,but i am financily depleted.#1 I want to get out of debt before the end of this year.I will like to own my home,i am currently renting, I will like to restart investing for me and my daughter.
Submitted Apr 17, 2012
At my age,72, what would it cost me to move my 401K,($400,000) into A Roth account? My gross last year after SS, Pension,RMD, etc.was $90,000 My adjusted was 65,000 as I have a Rental property in NC.
Submitted Apr 17, 2012
Re: RMD. Why can''t I withdraw the balance of the basis in my IRA after taking the RMD less the pro-rated basis this year?
Submitted Apr 17, 2012
Can I convert my Minimum Requred Distribution from my IRA into a Roth IRA?
Submitted Apr 16, 2012
I am a 63 year old teacher ,who plans to retire this August . I have a son, who lives with me .he is 28 and was severely disabled before 3 years of age. He has PDD and is on the autism spectrum. I would like to know if he can receive my stoical security when I die? It would help me to leave this world knowing that he had an income to sustain him. thank-you. sandee
Submitted Apr 16, 2012
I was born 6/30/42 and I will be 70 1/2 years old on 12/31/12, so I will have 2 RMD''s in 2013. Is there a way to lessen the impact on my taxes for 2013???? Thank you for your answer.
Submitted Apr 16, 2012
Thank you for applying to my question about tax deferred income pension income not affecting my Social Security. I did understand your reply but I want to be sure my question was clear. I have applied for my benefits and plan to adjust my paycheck by depositing money into my 403b to keep my W2 reported income below the 14,160 p/yr. I will not draw out the pension...
Submitted Apr 16, 2012

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