Read Past Q&As
Have twin grandchildren by daughter and paternal grandparents opened them 529 plan Can I do a separate plan for them or is there a limit on number of plans for each person?
Submitted Mar 25, 2017
My husband and I will be adopting a sibling group of 4 this summer. We are starting to think about saving for college as we would like to pay or at least contribute to their college education. The ages of the children are 12, 8, 8, and 4. What is the best way to save for college? Some other facts...my husband is a school teacher and I am an accountant...
Submitted Feb 28, 2017
I am in the process of deciding whether or not to take my online "garage sale" to the next level and make it a business that purchases wholesale items. I have an account on Poshmark in which I sell clothes out of my own closet, but there are users that invest money in wholesale to resell and I am interested in doing so as well. I have heard different things from...
Submitted Apr 3, 2017
My mom's on Medicaid n her name n mine is on house. we would like to move. how 2 do this without losing Medicaid?
Submitted Mar 31, 2017
April of 2016, I rolled over 70k out of my company 401k plan to a Traditional IRA with Edward Jones. I received a 1099r from Fidelity. I input this information into Turbo Tax and my Federal owed amount shot up 20k. "Am I suppose to receive something from EJ showing I didn't pocket the money but rolled it over?" I.E. some other 1099 form? Thanks, signed sticker...
Submitted Mar 29, 2017
I am filling out a Life Insurance Claim Form and they are asking for the names of each Life Insurance Company and face value of each of the policies my mom has. Do I have to comply?
Submitted Mar 29, 2017
I have someone who received a home from their parents back in 1967. He gave them $1 for the home. The parent's basis in the home was $6500. The child sold the home in 2016, but we don't know what his basis should be. Would it be $1 or would it be the same basis as the parents had $6500? Thank you.
Submitted Mar 15, 2017
I puchased a seven year annuity from life insurance benefits of my deceased husband in 2013. I am not employed and got a 35, 000 distrubution ,in 2016 also received 1099r from progressive life. do i report this on federal or state. i am 57
Submitted Mar 23, 2017
My child has been accepted to several State colleges and the University of CT. I work for UCONN and my dependent will have a tuition waiver. UCONN is not her first choice and if she attends any other university, she will graduate with loans. The cost of the first two years is about $1000 at UCONN and would be around $40,000 for her first choice. Are there resources...
Submitted Mar 22, 2017
My brother and I have a S corp. I am 71 and he is 62. We have equal shares and we each own a life insurance policy on the other. It seems like a windfall for the heirs of the first to die when the second of us dies. We have never had a formal buy-sell, but are considering one. Troubled about where the proceeds of that second policy goes.
Submitted Mar 21, 2017