Read Past Q&As
if i would of close universal life insurance paid surrender fees and take the premium losses in the last 8 yrs walk a way with cash value which was a loss. however, can i write off the portion of cost & losses that the company used to invested in the last 8 yrs by transfer into brokerage acct.??
Submitted Apr 23, 2013
My wife and I are doing our debt snowball and intend to be debt free by the end of this year. I have a a Roth IRA opened last year and a 401K through my job and my wife starts work this summer. Then, we will be making a combined income of $184,000 so would not qualify for a Roth anymore. Can we open a traditional IRA and if so, are there any limitations on how many...
Submitted Apr 16, 2013
I''m looking for resources and/or vehicles to help young adult children of high net clients become responsible stewards of money given to them. We’ve meet with three clients during the past few weeks who are looking for help with this. Any leads you might provide are most appreciated.Thank you.
Submitted Apr 12, 2013
Last year my father passed away, and his four children were named as beneficiaries on an IRA of his. The IRA funds were split into 4 IRAs one for each of us. I want to transfer the IRA from its present financial institution to another one, but to do that I would have to convert it from an inherited IRA to a traditional IRA. Is this possible? If so, what are the...
Submitted Apr 5, 2013
My Fiance and I would like to eventually purchase a home together. He already owns a condo, but I do not own any property, making me a first time home buyer. What would be the benefits of having the home purchase be done under my name? Would those benefits be affected if he had his name on the purchase as well? Are there any disadvantages? What other things should...
Submitted Apr 2, 2013
I am considering building a small retirement cottage on my daughter/son-in-law''s property which includes their home and they hold a mortgage thereon. I would cash IRA $ to do so. What if any concerns, issues do we need to mindful of?
Submitted Mar 31, 2013
Hi, Do you have any good references for "non-traditional" IRAs? I have a property based IRA and am about to do another significantly sized roll over and wondering about my best course. I am thinking of doing this rollover into the property IRA to fund building a retirement house (10 years off) although of course we can''t stay in it etc. (I''ve got the IRS rules...
Submitted Mar 26, 2013
I have about $75,000 in my savings account from some inheritances I received when my parents passed away. My current interest rate only earns me about $550 per year. Is there any low risk (safe) accounts I should put this money into that will earn me some interest? I looked into CD''s but there isn''t much for great rates right now. Thank you,
Submitted Mar 24, 2013
My wife's brother has gotten two credit cards in her name without my consent. How can that affect me in any way? I currently hold a specific Clearance for my job. Thanks.
Submitted Mar 20, 2013
I am age 64 and my wife is 58 and we want to put $8000.00 into our IRA annunity to reduce our 2012 income tax payment. The annunity is in my name and I will be putting in $6000.00 and she will be putting in $2000.00 Our return is filed as married filing jointly. The beneficary on the IRA annunity is my wife. Can we do this or do we need to set up a seperate IRA in...
Submitted Mar 20, 2013