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My Mom is 78 yrs old. She still works because she couldn't afford to retire on SS. She's going to sell her house and move into an apt. Her intension is to use a portion of the sale of her home to pay her rent for as long as she can. She wants to put some of the money in an annuity so she can get a monthly payment. However, we're not talking about a lot of...
Submitted Feb 10, 2017
Which personal assets can be transferred to a grantor trust(living)? Can any savings account, retirement account or other bank account with a beneficiary be transferred to the grantor trust? Can personally owned land be deeded to the grantor trust? Can one's interest in a home owned jointly with spouse be transferred to the grantor trust? What do...
Submitted Feb 4, 2017
An acquaintance of mine was visiting her uncle. He asked her to empty the garbage and when she stepped on the deck, her foot slipped in a hole. As a result she went to the emergency room and she has a strained limber and a strained cervical. Is she able to file a claim with her uncles home owners insurance ?
Submitted Jan 31, 2017
In the last two years I've been faced with a financial crisis due to a disability. I have been working to save what I can and stay afloat. My disability is still ongoing and I have no income at this time. I have been fighting to get answers quickly but everything has been taking a long time. I have exhausted my emergency fund, savings and have taken a loan on my...
Submitted Feb 15, 2017
i have a privately financed mortgage . is it legal for my mortgage holder to obtain insurance in which i am not the insured and require me to pay for it ?
Submitted Jan 27, 2017
I have a "Home Healthcare" Rider attached to an Annuity that I bought when I retired in 2013. The yearly cost of this rider is $2400. Can I deduct this as a medical expense/premium on my Federal Income taxes? I read IRS Pub 52 and it looks like it may qualify as a Long Term Care deduction. Thanks
Submitted Jan 30, 2017
My daughter, under 65, receives SS disability and Medicare. She has been told she will forfeit her Medicare coverage if she purchases Medicare Advantage health insurance. Is that correct?
Submitted Dec 12, 2016
Hi,I really need to start to save for retirement.I started 401k on my job.Just want to learn to save for emergencies fund.
Submitted Dec 30, 2016
We have a small nest egg in our savings account and are getting ready to fill out the FAFSA for our oldest child to prepare for his college. In order to have a better chance at receiving some financial aid/grants, should we use the savings account before we complete the paperwork? We have some work we want to do in the kitchen.
Submitted Jan 3, 2017