Read Past Q&As
I recently did a rollover of my mutual funds to a variable annuity with 6% annual return. I would like your opinion of the advantages and disadvantages of this change. I am retired and understand I must take 4% when I am 70 (Oct.2012). Thank you for you opinion.
Submitted Oct 25, 2011
We have 8 years left on our mortgage which is a fixed at 5% and have a home equity line, if we get a gift of funds that would be enough to pay off the balance would it make sense to pay it off, even though we are concerned about future income levels?
Submitted Oct 18, 2011
My wife and I have the same old, "should we invest our money, or pay down debit?" We''ve looked into this quite a bit, but feel that our situation is a little different than others. For starters, we''re both healthcare professionals who make a roughly $145,000 a year combined pre-tax. Most of the time we read about people who have this question, but do not have...
Submitted Oct 16, 2011
My sister adopted her daughter 4-5 years ago. After the adoption, her natural father passed away. He paid enough SS in through working for his daughter to receive survivor's benefits. Would my neice qualify for this benefit since she was adopted?
Submitted Oct 7, 2011
ABC, a sole proprietorship, has an NOL for 2010. If ABC were converted to an LLC in 2011, since the 2011 LLC income is reported on the individual’s Federal 1040, can the carryforward NOL for 2010, on the 2010 Federal 1040, be applied against the 2011 LLC income?
Submitted Oct 6, 2011
Is whole life insurance a good idea if one's income is too much for a roth IRA? If not, what is a better tax efficient way to save aside from one's 401k?
Submitted Oct 6, 2011
Hi there, I’m a student out at Embry Riddle at Travis AFB, taking financial accounting and our instructor referred us to your great site. I had a question re: Flipping houses business, my father and I just started. We are not yet incorporated, But want more information as whether to do an S-Corp, and how we need to structure the Corporation, quest like should we...
Submitted Oct 5, 2011
I am 60 i have choice of pension annuity($3000.00) or $485,000 lump sum. I have a very small bal on mortgage. should i retire and buy a new home. ? which should i take lump or annuity. will work another 5yrs. i think.?
Submitted Oct 1, 2011
My question is in regards to the intelligence of refinancing an underwater mortgage and whether I''m missing anything. My underwater mortgage is a fixed rate mortgage of 6% with 25 years remaining (and I am currently paying PMI). I recently locked in a 3.875% fixed rate (3.94% APR) for a loan amount that was 80% LTV of the Zillow ZEstimate of my home. ...
Submitted Sep 30, 2011
Looking to purchase a house at the start of the new year. I live and work in the Des Moines Iowa area so it will have to be in that area. I was pre-approved for 160k and am looking for a house right around that range. I know this is a great time to buy as the housing market is in the dumps and rates are at an all time low. I am saving for my down payment which...
Submitted Sep 26, 2011