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I have a tax lien from 1992. Can the IRS now take my VA disability checks to pay the lien. I have no assets or any other income.
Submitted Aug 3, 2011
I have about $300k taxable income a year from a sole proprietor business and i want to retire about 5 years from now at age 60 and i plan to incorporate and have the business carry on after i retire and let my workers run it. It''s an online business and each worker works remote from their home. I have 3 full time employees in India and 2 part time guys in the USA...
Submitted Jul 29, 2011
My family is in bad financial shape. We bring in a total of 2128 net. My husband and I don''t use credit cards, don''t dine out, don''t smoke, don''t fill our tanks up; have shut off notices for everything because of the way bills come due compared to pay cycle and we can''t seem to get on top and stay on top. I have student loans in forebarence, car insurance,...
Submitted Jul 28, 2011
I have the worst of the worst credit due to when I was 20 years old I took out so many credit cards and a car. Now I am only 23 I have so much on my credit: a repossessed car, many credit cards I did not pay, & bad school loans. I want to fix my credit so I can buy a house. Is my problem fixable if so what can I do? Will they're be a chance that I can buy a...
Submitted Jul 25, 2011
In terms of the consequences to beneficiaries is it better to keep your money in the 401k plan of the employer you just left or put it into an IRA? Specifically, if my wife & I passed away how would my children as contingent beneficiaries have to take distributions?
Submitted Jul 22, 2011
Should I invest in my 401K past employer match or on my own? I am have just graduated college and have found myself in a good job with my employer matching my 401k contributions up to 3% of my salary of $55,000. I have no debt and very low living expenses and thus intend to save more then what my employer will match. Prior to college I started a Roth IRA that I...
Submitted Jul 18, 2011
An insurance salesman is doing a pitch in our area on indexed annuities. He has an office nearby and is on the local radio station every week talking about how to keep your money safer by not being IN the market but by benefiting when the market goes up but locking in gains when it goes down. He recommended 4 different products that sound very reasonable--5,7,10...
Submitted Jul 16, 2011
Foolishly, I got myself into this COVERDELL ESA deal for my gradson. IRA Certified of Deposit under his name. Dividend rate 1.55 % for 5 years. I am the contributor. He is the Designated Beneficiary. I thought that was 529 PLAN I asked for. Singed papers of COVERDELL ESA! There was some problems going through their system. Thought it won''t work. So I signed...
Submitted Jul 15, 2011
My husband has our taxes prepared by an accounting firm and forged my signature on the tax return. It turns out that our income was significantly greater than I could have ever imagined (we paid 2.6 million in taxes). He left a refund on the table of $163,000 and has yet to file the 2010 taxes. The accounting firm won''t speak to me as the K1 is in my husband''s...
Submitted Jul 15, 2011
My husband and his brother co-own a house in MD. We moved to California and are currently making half of the mortgage payments. We have never been delinquent, but foresee difficulty in making payments in the future. Does a home loan modification negatively affect his credit score? What options allow him to reduce the monthly mortgage payments while maintaining...
Submitted Jul 13, 2011

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