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I'm a 48 yr old married male(two kids 18/15) and I have a $300,000 whole life insurance policy that costs approx $500/month and I have been paying into it for about 10 yrs. The current cash value of the policy is approx 50k and I'm considering cashing in and investing the 50k on my own. Tell me why that might not be a good idea. I have a 600k IRA and $1mm term...
Submitted Mar 20, 2014
What form or which line of form 1040 should be used to report the royalty income from sales of a book by the publisher?
Submitted Mar 19, 2014
I purchased a nonqualified annuity in 1992 with a $15,000 initial investment. Over the years it had grown to around $36,000. I just purchased a house and need some extra money to remodel the kitchen, so I contacted Nationwide Life Insurance and they said there would bo no penalty (it had matured) or taxes on on my initial investment. I withdrew $12,000, and when I...
Submitted Mar 22, 2014
My 4 children were given 300 acres of land by my mother and I have a lifetime estate(income) from the 300 acres. I want to buy the 300 acres from my children. After deducting the value of my lifetime estate (age 74) , how much can I pay them for the land and they not have to pay any income tax on it?
Submitted Mar 19, 2014
If a life insurance policy owner dies before the insured, and the owner has remarried, who then becomes the owner of the policy?
Submitted Mar 18, 2014
I am 63yrs old and onlyreceivve SSDI and recenctly diagoised with cancer. i need a usedvehiclle tto get here to there and only have enough to eat. i have some funds to save each month but not to buy auused car with insurance ,registration, maintenance ect. please advise i need a blessing.
Submitted Mar 16, 2014
Submitted Mar 12, 2014
Do you recommend purchasing a TIPS 4/2014. I am looking for principal safe investment with some small return w/no costs.
Submitted Mar 5, 2014
what is the difference between a Durable Unlimited Power of Attorney and a Power of Attorney=NYS Statutory short form.
Submitted Jan 6, 2014
I need to sell all my stocks/mutual funds to build a barn for unwanted horses on land I bought after my folks died. It's a lot, for me, and I'll face significant capital gains. Unfortunately, it's all due within the year. Any way to stagger cap gains, or ways to minimize the hit? If you need more info, please ask. Thanks for any ideas and your kind service!
Submitted Mar 6, 2014