Questions and Answers

The following are selected questions submitted by readers to our Personal Finance Community on Google+. Please browse through the questions below, or submit your own question here.

Submit Your Question

Please note that the Personal Finance Community on Google+ is a public forums, please do not post any private information you do not wish others to see there.

How to combine my old 401(k)s into an IRA?

Question Hello, I am 40. I have two 401(k) funds one with $20k+ and another one with $400 from my previous jobs. In my current job I am not contributing to 401k Questions: Can I combine [...]

Can I take money out of my 401(k) without paying penalty?

Question The company I work for just terminated their 401(k) plan and suggested employees roll their funds over to an IRA. My question is can I cash out say 20% (to pay off debt) of my [...]

Should I refinance if I plan to pay off my mortgage early?

Question I am thinking about refinancing my mortgage but need insight. I purchase the home in 2011 on a VA loan at 4.375% for $336,000.00 (that includes all the fees. etc) I have excellent credit, I [...]

Can you draw unemployment and social security at the same time?

Question Can you draw unemployment and social security at the same time? Thank you, Larry Higdon Answer According to SSA.gov: Unemployment insurance benefits are not counted under the Social Security annual earnings test and therefore do [...]

Should I withdraw from IRA to pay mortgage for a few months?

Question The tough job market has hit me hard, but I have a job start in 3 months. That said, I am looking at having a hard time paying my next mortgage payment. I have $200+K [...]

Is there an income limit for rolling over an after-tax 401(k) to an IRA?

Question A proprietary fund in our 401k plan contains company stock of post tax contributions from a program that ended in 2002 and pre tax since 2003. Administrator keeps track of balances from each. In addition [...]

I am retired. What should I do with my 401(k)?

Question I’m retired and still have a 401-k with my former employer through Fidelity. I went to a financial advisor thinking about rolling it over to an IRA and get invested to stocks or etc. However, [...]

Should I work as a salaried w2 employee or a 1099 contractor?

Question I started working for a company and they offered me $53 /hr on W2 or $55 on 1099. That employer is suggesting me to take salary on 1099 so that I can save more taxes [...]

Do I report income from my websites as one or separately?

Question I really could use some simple guidance on how to approach my tax requirements in Texas! I currently own my primary store: at http://www.yarnhookers.com and 8 more at Etsy, Bonanza, Atomic Mall, CraftIsArt, Ecrater, Bluejay [...]

Should I Borrow from My Dad to Pay Down Some Debt?

Question I’m 26 and am in a lot of debt, ~$24000 and recently my father offered me the opportunity to take out a line of credit he has to pay off my debts and I will [...]

Browse by Subject

Income Management

Expense Management

Asset Management

Debt Management

Miscellaneous

Disclaimer

The information on this site is strictly the author's opinion. It does NOT constitute financial, legal, or other advice of any kind. You should consult with a certified adviser for advice to your specific circumstances.

While we try to ensure that the information on this site is accurate at the time of publication, information about third party products and services do change without notice. Please visit the official site for up-to-date information.

For additional information, please review our legal disclaimers and privacy policy.

Notice

Moolanomy has affiliate relationships with some companies ("advertisers") and may be compensated if consumers choose to buy or subscribe to a product or service via our links. Our content is not provided or commissioned by our advertisers. Opinions expressed here are author's alone, not those of our advertisers, and have not been reviewed, approved or otherwise endorsed by our advertisers.