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I have worked in the banking sector (retail)for 30 + yrs todate. Am now 60 yrs and consider retiring. My savings with National Social Security Fund average $4000. Current rate of inflation is 28%baseline. I have a passion to retire to doing financial services industry in particular "forex trading". But the regulator requires $20,000. to obtain a dealing license. I...
Submitted Nov 1, 2011
My husband passed away last month and I need to figure out mortgage payment with single income now. Is there any help out there from banks or state in my case. Thanks for your help in advance.
Submitted Oct 28, 2011
My son owns a garage where he does auto repairs. Has only business checking. Is there any reason why he should not use that account to pay rent or regular items, providing, the taxes are separate and logged only for business items???
Submitted Oct 28, 2011
If a newly formed single member Texas LLC elects S-Corp tax status, is there an initial $1,000 minimum capital requirement as with a stand alone S-Corp., or is there no minimum capital requirement since it is an LLC even though S-Corp. tax status will be selected?
Submitted Oct 27, 2011
I owe over $1000 each on about 5 credit cards that charge a 2 digit interest rate. My job is over 50 miles one way from my house and my husband has been on unemployment for some time. I was paying over $100 each month on each card (more than the minimum payment) until gas prices went up so high. Now I am paying almost $600 a month just to get to my job. Would it be...
Submitted Oct 27, 2011
My question has to do with mortgages. My parents have one more payment left on their mortgage (finally!). They have some improvements that need to be made to the home (new furnace, some remodeling in the bathroom), and are wondering how to best finance that. Should they be refinancing their existing mortgage, getting a home equity line of credit or a different method...
Submitted Oct 27, 2011
This is my first time doing this, but I really need help. I am a 33 year old married male with three young children. I currently work at the Department of Veterans Affairs. My wife runs a small business from our home. Here is a look at our financials for the past few years - Son Born in 2004 - Daughter Born in 2006 - 2nd Daughter Born in 2008 - Declared...
Submitted Oct 25, 2011
I recently did a rollover of my mutual funds to a variable annuity with 6% annual return. I would like your opinion of the advantages and disadvantages of this change. I am retired and understand I must take 4% when I am 70 (Oct.2012). Thank you for you opinion.
Submitted Oct 25, 2011
We have 8 years left on our mortgage which is a fixed at 5% and have a home equity line, if we get a gift of funds that would be enough to pay off the balance would it make sense to pay it off, even though we are concerned about future income levels?
Submitted Oct 18, 2011
My wife and I have the same old, "should we invest our money, or pay down debit?" We''ve looked into this quite a bit, but feel that our situation is a little different than others. For starters, we''re both healthcare professionals who make a roughly $145,000 a year combined pre-tax. Most of the time we read about people who have this question, but do not have...
Submitted Oct 16, 2011

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