Read Past Q&As
Submitted May 23, 2017
How do seller concessions affect the buyer and seller of a home? I am buying a home and the mortgage lender wants to increase the price from $89,000 to $93,000 and then the seller gives back the $4,000 to cover closing cost. So, how is the seller affected by the $4,000. Will they have to pay taxes on the $4,000 they give back?
Submitted May 24, 2017
I have $200,000.00 in cash in an account bringing .90% interest. Are there any accounts that I can open that gives more interest? I need to remove money as I need it. Thanks Richard
Submitted May 27, 2017
I used a tax person had gotten me audited for three years totaling $15000 besides setting up payments what can I do to lower this debt? The tax preparer did sum illegal deductions! I am active duty Army.
Submitted Apr 22, 2017
I am fully disabled per Social Security, and bought a policy in about 1989 through the AICPA Prudential for disability. I have Chronic Regional Pain Syndrome and will never be able to work again. Social Security obviously gives yearly cost of living raises. A booklet I recently received from Prudential says they give them, too, yet I have never received one. ...
Submitted May 1, 2017
I have a whole life policy that is probably lapsed or ended because I paid through my recent former employer. What happens to the net cash value? I show that the net cash value is the balance after the surrender charge. Can I surrender to get the tiny net cash value the balance?
Submitted May 2, 2017
My fiance is considering applying for a line of credit or a second mortgage on his home.. payoff 147k. The home is valued at 250k. His credit is fair. All his bills are caught up but the divorce made a mess of his credit. He wants the money to buy out his ex-wife. He has lived here 22yrs and had a good steady income. He refinanced the house and got a 2 percent...
Submitted May 4, 2017
I received a lump sum Worker's Compensation after being permanently disabled. I am now 61. I was wondering if the money would be better served by paying down my mortgage, or putting in an annuity? The only other income I have is my monthly social security.
Submitted May 18, 2017
I just received an inheritance. Are there resources you can recommend to read? My financial planner recently retired. I did not click with his replacement. How do I find a new one? I have asked friends with not much luck. Thank you. Jo-Ann
Submitted Apr 30, 2017