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 those two funds in a traditional or Roll-Over IRA ? Do I have to pay taxes on April of … Read moreHow to combine my old 401(k)s into an IRA?
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 balance without paying the penalty and roll the remainder over to the IRA account? I have over a couple … Read moreCan I take money out of my 401(k) without paying penalty?
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 think I can get under 3% for a new loan, but my question is, is it worth it? The … Read moreShould I refinance if I plan to pay off my mortgage early?
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 not affect your receipt of Social Security benefits. However, the unemployment benefit amount of an individual may be reduced … Read moreCan you draw unemployment and social security at the same time?
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 in my IRA. I believe that I should withdraw money to insure that I pay my mortgage, however, a … Read moreShould I withdraw from IRA to pay mortgage for a few months?
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, with the quarterly fees that will be taken from my assets balance, will be a big money from me. … Read moreI am retired. What should I do with my 401(k)?
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 rather on W2. He asked me to start a consulting company so that my company expenses can be shown … Read moreShould I work as a salaried w2 employee or a 1099 contractor?
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 & Ravelry. I plan to open a store in any online selling community possible. My niche is making & … Read moreDo I report income from my websites as one or separately?
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 assume the responsibility of that. This will allow me to lower my interest payments substantially per year and get … Read moreShould I Borrow from My Dad to Pay Down Some Debt?
Question My husband and I have $36,000.00 in credit card debt with an average interest rate of 6.7%. We can only make minimum payments on this debt. We have about $3,000 in savings, and are 30 years old with 3 children, the oldest is in kindergarten. We both work part time 12-18 hours a week, … Read moreShould I Buy a House if I am in Debt?