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I am 60 i have choice of pension annuity($3000.00) or $485,000 lump sum. I have a very small bal on mortgage. should i retire and buy a new home. ? which should i take lump or annuity. will work another 5yrs. i think.?
Submitted Oct 1, 2011
My question is in regards to the intelligence of refinancing an underwater mortgage and whether I''m missing anything. My underwater mortgage is a fixed rate mortgage of 6% with 25 years remaining (and I am currently paying PMI). I recently locked in a 3.875% fixed rate (3.94% APR) for a loan amount that was 80% LTV of the Zillow ZEstimate of my home. ...
Submitted Sep 30, 2011
Looking to purchase a house at the start of the new year. I live and work in the Des Moines Iowa area so it will have to be in that area. I was pre-approved for 160k and am looking for a house right around that range. I know this is a great time to buy as the housing market is in the dumps and rates are at an all time low. I am saving for my down payment which...
Submitted Sep 26, 2011
Submitted Sep 26, 2011
A friend of my husband convinced him that we should take our savings from the bank and put them in a Primerica fund because you get 12% interest rate. I think that’s too good to be truth. His friend also wants us to get in mortgage plan with Primerica to reduce the 30yr loan to a 15 to 12 yr plan. Is that possible?
Submitted Sep 22, 2011
I have a partnership that has paid premiums on a buy sell insurance policy with the partner as the insured and the partnership as the beneficiary. The premiums have always been deducted on the partnership tax return. Are the insurance proceeds taxable or is there a cure that will allow the proceeds to be tax free even though the prior years premuiums were deducted. ...
Submitted Sep 20, 2011
I am conflicted as to whether I should take a $182,000 lump sum from my prior employers DB plan or take the deferred annuity of approx. 1192/month beginnning at age 65. I am 59 that this time.
Submitted Sep 13, 2011
I want to transfer a high interest credit card balance to another low interest credit card. I am trying to align my balance for the next year therefore I do not want end up in any pitfalls. Citibank has been sending me these balance transfers for a low percentage but I want to make sure that I am doing the right thing. What is your advice-is it better for me to...
Submitted Sep 12, 2011
My husband and I plan to retire in 6 years (ages 56 and 61) and would like to buy a retirement home in Florida while we are still working. We have 45,000. remaining on current mortgage (at 4.8% interest). We max out a 401(k), 403 (b) and 457 (b). We have enough money in our savings account to pay off the mortgage and make a 25% down payment on a house in Florida...
Submitted Sep 10, 2011
I am an employee whose employer does not offer health insurance but would like to compensate me with $300.00 pre-tax a month to buy health insurance. I was looking at an HRA to put this money into so that I would not have to pay income taxes on it, but I have been getting conflicting reports on whether you are allowed to pay health insurance premiums out of an HRA. ...
Submitted Sep 9, 2011