Read Past Q&As
My wife is 7-1/2 yrs younger than me. If I wait until 70 to claim my social security benefits, can she then file for a partial of my benefits, and let hers grow until her full retirement age? And if so, will she receive a benefit based on my age 66 or my age 70 amount? And what % of mine would she receive at age 62? Thanks!
Submitted Apr 22, 2015
I need to purchase a used car for my elderly mother; and I do not want to finance the car. I have a Roth IRA that was set up in 2004 and my principal contribution is about $10,000. I am 54. Can I withdraw $8000 without any tax penalties? or should I cash in my Series EE bonds and pay taxes on the interest? I am in a 25% tax bracket.
Submitted Apr 6, 2015
How does someone calculate the gift tax they will have to pay, if they gift someone an amount beyond the $14K annual limit?
Submitted Apr 8, 2015
my niece found out she was pregnant 2 weeks after the death of the babys father. Because the deceased was 22 years old, understandably he had not contributed substantially to Social Security. Does her child have a claim for survivor benefits regardless of the credits earned by the baby's father?
Submitted Mar 29, 2015
My brother and his ex-wife established an irrevocable living trust in Virginia several decades ago and funded it for the benefit of their then-minor children. Under the terms of the Trust, all Trust assets have now been disbursed to the beneficiaries except for a 2nd to die life insurance policy owned by the Trust. (Both my brother and his ex are still living.) As...
Submitted Apr 22, 2015
I am interested in purchasing an already established business. What type of loan would be recommended for an honorably discharged veteran with good credit to obtain either $200,000 or $500,000? I have not yet applied for a home loan, but am also curious if this is legally an option, in the case that business loans offer too little, or too high of an interest...
Submitted Apr 20, 2015
My employer does not offer 401K, What is the provision under which I can start my own account and start saving for retirement.
Submitted Mar 26, 2015
Hello, I am a stepdad of a junior in h.s. We have her 50% of the time, and unfotunately have not had a good relationship with the other home. I'm pretty sure their household income is at least double ours, and that it would be hugely advantageous for Jordyn to claim our home as her primary residence; however, I am sure they will want her to claim their residence as...
Submitted Apr 17, 2015
I have an annuity where I designated my spouse as 50% primary beneficiary and my daugher as 50% primary beneficiary. My thought is: if I predecease my wife, and she happens to require long term care in a facility, then at least 50% of the annuity is protected and goes to my daughter. Is this correct?
Submitted Apr 9, 2015