Read Past Q&As
I am interested in executing an in-plan Roth Conversion within the XOM 401k Savings plan using after-tax $. Are there any caveats or concerns with pursuing same as it is irrevocable once processed. Also are there any limits on the amounts that can be converted in any year? Since it is an after tax source within the 401k plan are there any tax consequences either...
Submitted Aug 9, 2017
Is it true that retirees can collect thousands of dollars in payments from private sectors? I have been seeing a lot of online ads for this for four large payments of year for life. Is there any truth in it? Thank you
Submitted Aug 28, 2017
We will be receiving an annuities gifted after death of annuity holder (mother). We need a portion of the money now to pay debt but wonder if there is any way to shelter from taxes
Submitted Aug 25, 2017
I have roughly $30000 in debt. That is 4 credit cards, federal school loan, car loan, and a line of credit through the bank. I make just enough money to cover my bills for the month. Should I consolidate my debt? Who do I talk to about consolidating? The bank? Who can I trust to give me the best rate?
Submitted Aug 20, 2017
Submitted Jul 31, 2017
My grandson is attending a local community college for automotive technology. If required, are uniform expenses a valid 529 expenditure?
Submitted Aug 16, 2017
Dear Representative, How do I find a reputable CPA. I need someone to help me manage my 401K. Thank you
Submitted Aug 22, 2017
In have an active whole life policy with the following rounded $ : Cash value - $54,000. Outstanding loan - $77,000. Interest owed $40,000 Question(s) If I cash the policy in what is taxable amount? If I pay interest amount is that a deductible amount? If I pay all loan and interest amounts and cash in the policy what would my taxable amount be? And any...
Submitted Aug 14, 2017
My mother-in-law passed away and we found a life insurance policy from Dollar Savings Bank. The bank no longer exists. Does that mean the policy cannot be collected? Would it have been taken over when Dollar Savings Bank was liquidated?
Submitted Aug 13, 2017