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My wife and I have a net worth of approx 5m, 3 of which is liquid in qualified tax deferred accounts. Retirement is imminent. Is it crazy to put 500k into a (6 year) joint life deferred annuity that pays out $43k a year for life?
Submitted Apr 10, 2023
Submitted Mar 31, 2023
Should I stop contributing to my 401(K); I want to just start a traditional IRA. I am 12 years from retirement.
Submitted Mar 30, 2023
I plan to withdraw about 62,000 from my TRS account when I retire. I need to pay some bills off and would like to put money aside for my 3 boys future or gift it to them. Is there a way for me to diversify the income to avoid or lessen the 20% tax? Also, where can I invest some of the income for later I am 60 yrs old. Thank you
Submitted Mar 22, 2023
Submitted Mar 8, 2023
We are mother-daughter retirees, seeking approval from a mortgage lender for a $127.5k mortgage to purchase for our family's future GA residence. The lovely sfh easily appraised for $134k. Despite a thorough search, I had no success purchasing hazard insurance to insure my current residence and a second home. Regrettably, insurance redlining persistently plagues...
Submitted Mar 1, 2023
FIRST--I NEED A COUPLE OF GOOD WEB SITES I CAN USE TO CHECK MY LONGEVITY RISK? SECOND- I AM 80--WIFE 76. 70% IN BONDS AND 30% STOCK MUTUAL FUNDS. CONSERVATIVE INVESTOR. HAVE ABOUT $650,000 INVESTED. AM CONSIDERING, OVER THE NEXT 1-2 YEARS TAKING UP TO 1/2 OF THAT AND GRADUALLY PUTTING INTO 1 YR MYGA'S--CURRENTLY PAYING 5.4 % FOR A 10 YR MYGA. AND ADDING THE...
Submitted Mar 7, 2023
If I claim my mother as a dependent, can she still qualify for food stamps and healthcare coverage through the state - Medicare?
Submitted Feb 25, 2023
Hi, in 2021 I replaced the entire roof on my house at the cost of $8,291. Is this eligible for a credit on my federal income tax for that year? Thank you.
Submitted Feb 12, 2023