Read Past Q&As
Submitted Jan 10, 2011
Hello, We are a family of 3 in the red every month. How do we find / select a financial advisor that will help us make a budget and pay off our debt? Thank you. Best,
Submitted Jan 6, 2011
I have about $100,000 in student loan debt and when the economy went bad, I lost my job as a pilot. I have since got a job as a police officer and barely make enough money to make ends meet. I have been taking college classes at least part time and delayed graduating, so I don''t have to start paying back my student loans yet. I can''t hide from them forever. What...
Submitted Jan 4, 2011
I learned of your site during a webcast seminar at yale. Is the Mint.com budgeting website a trusted site. Are there better sites you could recommend to form and track a budget? Thank you, Tim
Submitted Jan 3, 2011
Last year I purchased my credit score. This year it has dropped by 14 points. I have three store credit cards. The last one opened over two years ago. One I rarely use. The other two I use more frequently but, I always pay the balance in full each month. It''s never late and I never come close to my credit limit. I have not applied for additional credit.I have not...
Submitted Jan 1, 2011
My husband is self-employed and pays his own Social Security. Each year, we pay about $4,000 in estimated quarterly taxes. If we put that $4,000 into a traditional IRA throughout the year, would that lower our annual taxes? Thank you.
Submitted Dec 30, 2010
I am considering bankruptcy. I have 6 active credit cards with balances. My total credit card debt is $54K. Also, I am going through a divorce and may be left with nothing but debt. My question is: How will filing for bankruptcy affect accounts that have $0 balances. My goal is to preserve one account in order to have some kind of emergency backup. I have one credit...
Submitted Dec 28, 2010
My sister, daughter and myself are partners in a famliy ranch that we inherited from my parents. We just sold 57 acres for 66,000.00. What do we need to do for income taxes,? we will split the 66,000.00 between the 3 of us. Thank you, Robert Hegge
Submitted Dec 28, 2010
Dear Sirs, My wife was awarded a contract for which she had to accept payment for services that will be performed over 16 years. The payment was over $30K. Is there a way to divide the income over at least a few years to minimize the tax hit anticipated for the lump payment. Thanks, Ken Henry
Submitted Dec 20, 2010