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Hi, My mom died at age 84 in July 2014. She had an IRA account for which she designated her 4 children(ages 54, 53, 52 and 50) as equal beneficiaries. She had inherited this account in 1984 upon the death of her spouse and made no contributions to it ever. She had taken all of the RMD's since reaching age 70 1/2 (I'm not sure if she had taken any withdrawls in...
Submitted Aug 8, 2014
Married couple with 1 child, ages are 59, 55 & 15. All of our checking and saving accounts are individual with POD notification. Should we add each other to bank accounts in case of illness/disability since we are reaching retirement age? Our concern is that if one of use becomes suddenly ill and have to be place in nursing home or some long term assisted living...
Submitted Jul 11, 2014
Our daughter is beginning college next month and she has both an ESA as well as a 529 plan. Is there a rule of thumb as to which vehicle to use first? Also, she does have some Savings bonds in joint name. Is there a benefit in using those for tuition? Thanks for your information.
Submitted Jul 12, 2014
Submitted Jul 17, 2014
I have several US Retirement Bonds (Public Debt Series No. 1-63)i wish to redeem and have been told they matured in 30 years (1999). No where in the packet of information or what i can find online indicates any kind of maturity date except when the owner has died. can you help me or can you lead me to someone who can give me a correct answer? thanks so...
Submitted Jul 18, 2014
I have an deceased husband and I receive Social Security for my twins..and I only work part time i wanna go full is there a cap on what I can make in a year?
Submitted Aug 7, 2014
I have a 14 yr. old son working for a local farmer. He will make approx. $3000 this summer. Is this income taxable to him, what about FICA.. thanks
Submitted Aug 2, 2014
Submitted Jul 17, 2014
dear staff at 360 degrees of Financial Literacy; First, I wish to let you know that I feel very blessed to find your website. And, thank you so much for your reply. My questions: I am a homemaker (no children). Now I am in my 50s and I only live on my husband income. My questions : 1/I heard after a wife reaches age 62, I can get approximately less than half of...
Submitted Jul 23, 2014
I have homeowner's insurance with 100,000 liability. My son forgot to lock the car door with his friend's suitcases inside. All of his belongings were stolen from our vehicle. Insurance says that because his friend is not a member of our household, they will NOT cover his belongings. Would it be covered by our liability?
Submitted Jul 29, 2014