Read Past Q&As
My 93 yr old mother had to move in with us, as she needed care...she has about 2400/month income,(which we use for her expenses, food, etc.) She also has $20.000 in the savings. We are NOT paid as caregivers...would it be legal for her to gift us enough money, to put our house back in order(carpet, piano moving, etc.), when she's deceased?, or would that be subject...
Submitted Jan 6, 2023
Several years ago, my pastors helped my husband and I to get into the house right next door to them. Hubby and I have struggled financially for years and our credit is poor. as a result, the loan for the house is in our pastor's name. We give them the payment each month (we pay $1,000 and they add $400 for the use of the back part of our .75 acre-this is $200 above...
Submitted Jan 10, 2023
I have retired and my pension and social security provide more than adequate funds for my lifestyle. I am debt free and able to travel as well as buy the things I need. I have a 401k that I will begin withdrawing from in 1-4 years. My husband says I no longer need to put away money in savings but it is a hard habit to break. Should I stop saving money?
Submitted Jan 24, 2023
In 2023, I will be looking to purchase a home. I've paid off my credit card debt with the exception of 1 department store card. I would like to open and transfer that balance to a zero interest card. Is that a smart choice? I'm thinking it would help me pay off faster but I don't want to mess up my credit score and not sure if it will look good to a mortgage...
Submitted Dec 17, 2022
Submitted Dec 27, 2022
Hi! Thank you for this website Q&A: (1) is the cost of hiring/using a CPA to process taxes a deductible expense? (2) if cost of hiring/using a CPA no longer is deductible, then what's the point of paying high fees for CPA service? (3) CPA has made mistakes and IRS has sent letters that are not so overwhelming (it appears the IRS is helpful), so if CPA makes...
Submitted Nov 23, 2022
your response to a previous question is incorrect. banks now charge a penalty when withdrawing a CD before maturity. you don't just lose the interest but you incur a penalty against the original principal as well. here was your response: Question withdrawing a CD before maturity usually includes a penalty of losing the interest and losing part of the original...
Submitted Dec 20, 2022
Should I open a Roth IRA to save for emergency fund? Hypothetically, in the event I need the funds, how much time before the money can be withdrawn from the time I open the Roth IRA?
Submitted Dec 15, 2022
I have 6.5 acres of prime farmland in NW Iowa. What are the benefits of identifying the acreage as a homestead?
Submitted Dec 12, 2022