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I am conflicted as to whether I should take a $182,000 lump sum from my prior employers DB plan or take the deferred annuity of approx. 1192/month beginnning at age 65. I am 59 that this time.
Submitted Sep 13, 2011
I want to transfer a high interest credit card balance to another low interest credit card. I am trying to align my balance for the next year therefore I do not want end up in any pitfalls. Citibank has been sending me these balance transfers for a low percentage but I want to make sure that I am doing the right thing. What is your advice-is it better for me to...
Submitted Sep 12, 2011
My husband and I plan to retire in 6 years (ages 56 and 61) and would like to buy a retirement home in Florida while we are still working. We have 45,000. remaining on current mortgage (at 4.8% interest). We max out a 401(k), 403 (b) and 457 (b). We have enough money in our savings account to pay off the mortgage and make a 25% down payment on a house in Florida...
Submitted Sep 10, 2011
I am an employee whose employer does not offer health insurance but would like to compensate me with $300.00 pre-tax a month to buy health insurance. I was looking at an HRA to put this money into so that I would not have to pay income taxes on it, but I have been getting conflicting reports on whether you are allowed to pay health insurance premiums out of an HRA. ...
Submitted Sep 9, 2011
My Dad recently passed away. My name was also on his bank account so when he passed, I went to the bank and put all of the money in my name. (I had to go to the court house first and let them record the amount of money in the bank because of tax purposes) I have recently sold his house and car, and the attorney put that money in the checking account that is just in...
Submitted Sep 8, 2011
I'm hearing that whole life insurance with a flexible rider is not good. How and where do I move the money?
Submitted Sep 4, 2011
My husband and I are 48. We are contemplating purchasing LTC insurance. Would you recommend this? A book by Dave Ramsey stated ..."if you are 60 or over, try to purchase LTC insurance." Thanks, Stephanie Livengood
Submitted Sep 1, 2011
I am in the military and my home of record is Alabama. I pay state tax to Alabama, however, I am currently stationed in Illinois and have purchased a home in Illinois. Do I have to pay state income tax to Illinois because I''m a home owner in that state or can I still claim Alabama as my home of record?
Submitted Aug 31, 2011
I am 62 years of age with savings of cash, stocks, retirement accounts valued at 1.5 million. 250K of the amount is in Roth accounts. Where do I find a retirement calculator that will take in to account the 250k roth money as these funds when withdrawn pay no tax. What everyone needs to know is the net dollars they will receive.
Submitted Aug 28, 2011
I am on disability. My husband has had to stop working and draw early SS to help care for me. He was vested (15 years) in the C&S National Bank retirement program but since it has changed hands several times, we cannot find out how to apply for it. Where do we go for this information?
Submitted Aug 25, 2011

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