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I lived in my condo since 1997, and have an interest only loan. I bought the condo at $99,500 and owe $90,000 on it. I don't feel like it is worth refinancing however I really like the location I live. In addition, refinancing costs too much. What should I do: move, or refinance and stay?
Submitted Mar 31, 2011
I have good credit (740) and I pay all of my bills on time. I currently have myself in a hole of about $10,000 (credit cards). I have no savings and I need a car. The car I have is high mileage. It also has a lein that will be paid off in two months. I am torn between saving money for repairs/down payment OR paying more towards the credit cards. Should I consilidate...
Submitted Mar 27, 2011
I am 66 years old. I want to do some home repairs. Should I refinance and get a home equity loan, do a Reverse Mortgage or borrow from my TSP?
Submitted Mar 24, 2011
I am not clear about the limits on the total value of a 529 Plan account. Please elaborate on how this applies to earnings. For example, if I put $100,000 into a 529 Plan account, can I keep it intact as it grows to $500,000 or a $2,000,000? Or, am I expected to withdraw when it grows to a certain amount?
Submitted Mar 23, 2011
Submitted Mar 23, 2011
I am currently 27 years old and little to no debt. I have an additional 2K which i am interested in applying to my mortgage. The current amount is 222,000.00 I also have a tenant who pays the rent. I used a calculator and it stated that i could pay it off in 7 yrs by paying the extra 2K a month. I am in the 25% tax bracket. Is this a great idea?
Submitted Mar 21, 2011
According to my husbands employer, we have taxable income of $3,421 due to medical benefits for a child under the age of 27. Do i enter this in column I or II of WI sched I? also, does this get entered anywhere else on my tax forms?
Submitted Mar 18, 2011
I am using a loan on my 401k for a down payment on a condominium in Florida (where I am planning to relocate). I would like to take the loan for a term of 20-years but while attempting to initiate the loan I was asked whether this was for my primary residence. I am planning to move to this property within the next 18 months, but wish to purchase it now due to a...
Submitted Mar 17, 2011
I have a balance of $9200.00 but I am $1200.00 past due. Is there any hope of paying this card off by paying 100.00 a week? Will paying 100.00 weekly help cut down on interest charges?
Submitted Mar 12, 2011
My husband and I just sold a piece of property. We will net 1,000,000. We are both 60 and he will soon retire. He has a reasonable retirement which should be enough for our basic needs. We would like to invest the 1,000,000 so that the earnings will priovide us with a few "extras". We are not willing to take much risk. Where should we put this money?
Submitted Mar 9, 2011