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Actually, the question is not for me personally but in regards to buying retirement time. A family member can add years to their pension at the public entity they work. At this time, they have about 25-26 years into the job and would like to retire with 30yrs but working 4-5 more years is looking dicey. They can buy the 4-5 years to make it an even 30year work and...
Submitted Mar 10, 2013
Hello, We purchased a unique home with an apartment in the basement only so my elderly mother can stay with us. If she passes are we able to to get her social security to continue to assist in paying her current portion?
Submitted Mar 8, 2013
My father pass away 9 mths ago and he had a insurance policy which me and my mother received the money but my two bothers and sister dont want money. Can that money be divided between me and my mom
Submitted Mar 7, 2013
I am divorced, and my ex got the house, as well as the first and second mortgage in the divorce decree (with a hold harmless clause). As my ex was not paying, the second mortgage company pursued me for payment. I reached a settlement with them for about 1/3 of the total loan amount. I understand they will submit a 1099 for the forgiven loan amount. Am I...
Submitted Mar 1, 2013
My daughter has been working as a teacher in Iraq since October2012. She will be there two years. She is paid by the university and no taxes are taken out. She will make under the 92,000 in a year. She filed taxes for 2011 and will file each year. Does she still owe any state taxes (lives in VA) she own no home. Any other taxes she needs to pay? She will be...
Submitted Feb 25, 2013
Hi, I have series EE savings bonds going back 25plus years. They total around 15-20 K, depending on their maturity. I would like to know if you have any recommendations on what I should/can do with them. Thank you. Tim
Submitted Feb 24, 2013
Hello, I have a question regarding whether or not I would need to pay US taxes while I am working abroad. I read the article on this site and I would like clarification on one of the rules. It states: You must reside in a foreign country for an entire tax year or for at least 330 days during a 12-month period When does this 12 month period begin? Is it a...
Submitted Feb 22, 2013
Submitted Feb 22, 2013
My mom and dad who are 65, want to take out their Roth IRAs completely (all at once) is that possible? all their IRAs are in mutual funds and my dad is afraid of the risky market. he is going to retire in 1 yr. I read and it said that they have to take it out in installments. Thanks.
Submitted Feb 21, 2013