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I have $770,000 to invest. I've been with Raymond James for 4 years with an average net return of 10%. Several companies tell me that because the RJ advisor buys c Shares that I'm not getting the best return. These other companies claim I'm losing 2% to 3 %. Claim I'm paying higher fees that I should. I'm not a good investor so I pay for that service. Do you think...
Submitted Jul 20, 2015
Does my adult child who just graduated from college and has just started a new job need a credit card?
Submitted Jul 21, 2015
I have an 88 year old donor who is considering gifting his variable annuity to us. He purchased it for $100K, and it is now worth between $600-$700K. What are the tax implications of him gifting it to us now? If it matters any, it is not paying out yet.
Submitted Jul 22, 2015
Submitted Aug 7, 2015
Wife and I will reach age 62 in 2015. Husband will continue to work past 62 until at least FRA of 66. Wife no longer works but has earning from previous years working. Benefit less than husband. Is there a strategy to use to allow wife to claim SSI benefits at age 62, and obtain higher benefits, associated with husbands earnings, than she would obtain on her own...
Submitted Jul 18, 2015
Hi, my husband died 9+ years ago and I was told I didn't qualify for benefits because I was not old (I was only 35). So only my 2-year-old son was granted benefits. Several times in the past two years random people have told me that I should have been entitled to benefits. Finally last month I contacted SS and the representative said that based on my input (being...
Submitted Jul 17, 2015
I am trying to put together my assets to be inherited by my family when I die. I am considering a choice between an unqualified annuity and unqualified stocks or mutual funds. At the point of inheritance, what is the tax burden for each of those assets?
Submitted Jul 14, 2015
I am retiring on 9/1/2015 and an contemplating taking my 401K in a lump sum distribution. I will be moving to NY in the middle of Sept or first of October. Is it better to wait to take my lump sum in Illinois or NewYork? and when I file income taxes will I need to file in both states even though I will only be residing in NY for 3 of the 12 months? Will my...
Submitted Jul 9, 2015
my sister is getting a divorce, she is a teacher. her husband is filing. will he get any of her teacher retirement.
Submitted Jul 13, 2015