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I am leaving my current job that I have had for 20 years and moving. Daughter starting college. Will be employed (hopefully) within 3 mths after relocating. I will be 55 this Dec. I need to cash out part of my retirement acct, will I have to pay 10% penalty (since i'm turning 55 this year) or just tax for distribution?
Submitted May 13, 2010
I have $38,000.00 saved to pay cash for a new car that I have wanted for several years. Now that I have the cash saved I am wondering if I should buy a less expensive car say in the 25K range and put the rest of the money toward the principle of my mortgage. My only debts are a 6K student loan at 2% interest and my mortgage of 140K at 6% interest.
Submitted May 12, 2010
Would a supplemental plan benefit of a single life annuity be paid to someone on a W-2 if they are of retirement age and are receiving their monthly annuity income?
Submitted May 10, 2010
Will I have to pay a penalty or taxes if I cash out a traditional IRA to put towards a down payment on a house?
Submitted May 9, 2010
I owe $108,000 on my home I have 11 years left on a 15 year mortgage w/ 5% interest. My home is valued at about $170,000. I would like to put steel siding on it ($14,000) and pay off my vehicle ($10,000) and credit cards ($12,000). Would it be better to take out a 2nd mortgage or refinance all together?
Submitted Apr 26, 2010
I have a Child who will enter college in the year 2012, my tax information for 2011 will be used to determine if she will quailfy for different types of grants, etc. Is there anything I should do differently this year (2010) for the filing of my 2011 tax year?
Submitted Apr 26, 2010
I have recently been diagnosed with cancer and want to know if I can deduct medical expenses for treatments.
Submitted Apr 26, 2010
I wanted to know what is recommended as an appropriate personal spending budget? My husband and I disagree on the amount and would like to set an amount we are each permitted to freely spend each month on "junk" items such as sodas and Starbucks.
Submitted Apr 26, 2010
I am 59 and have money in CDs only. Is it too late to invest in IRA / Roth IRAs?
Submitted Apr 24, 2010
Can a married couple set up an irrevocable trust and be the trustees of it?
Submitted Apr 23, 2010

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