Q&A
Asked by an anonymous user
Answered by Justin Clark
Mortgage Professional in Moreno Valley, CA
Mortgage Professional in Moreno Valley, CA
If you are 62 or older and have a decent
amount of equity in your home you could do a
reverse mortgage and eliminate your mortgage
payment all together. Then you only...
Q&A
Asked by Carla
Answered by Michael Garvin
Financial Advisor And Licensed Life/Health Advisor in York, PA
Financial Advisor And Licensed Life/Health Advisor in York, PA
Hi Carla, As you may already be aware, the
Federal Government recently changed the social
security claiming rules, which go into effect
May 1st 2016.... if you are ful...
Q&A
Asked by Leslie
Hello Leslie,
Short version: yes, your
policy is still the same.
More detail: when
life insurers stop selling life insurance for
a number of reasons (such as when...
Q&A
Asked by Ashley Soto
Answered by Darius Slade
Health Services & Management in Richland, WA
Health Services & Management in Richland, WA
Hi Ashley, I found this link for you to the
IRS. I hope you find it helpful.
Darius
Q&A
Asked by Daniel
Answered by Robert Higgins
Financial Adviser in Charlotte, NC
Financial Adviser in Charlotte, NC
If they have earned income, they can open a
Roth IRA and contribute up to 100% of their
earned income up to $5,500, assuming a single
filing status. They are presumab...
Q&A
Asked by Karen
Answered by Carlos Contreras
ChFC® in Aventura, FL
ChFC® in Aventura, FL
Because of the penalties and added taxes
created by a withdrawal if you are under 59
1/2 years old, it really is not to your
advantage to remove money from the 401(k) ...
Q&A
Asked by Erin
Answered by Robert Henderson
AAMS® CDFA® in Mystic, CT
AAMS® CDFA® in Mystic, CT
There are some very specific rules (so please
consult an advisor) regarding Inherited IRA's,
but generally speaking you have three
options:
1. Take distributions ov...
Q&A
Asked by Ashley Soto
Answered by Robert Higgins
Financial Adviser in Charlotte, NC
Financial Adviser in Charlotte, NC
This is a very broad question. Perhaps your
perception is true for some industries and not
others? The single greatest variable will be
expected earnings growth. Pe...
Q&A
Asked by Erin
Answered by Jeffrey Oberg
Financial And Insurance Advisor in Millbury, MA
Financial And Insurance Advisor in Millbury, MA
Erin, your options will depend on a number of
things, such as your relationship with the
original IRA owner and that person's age. Your
best bet is to talk with a fina...
Q&A
Asked by an anonymous user
For an investor with a long term time horizon,
such as investing for retirement, mutual funds
can provide a diversified portfolio. Because
mutual funds are investment...
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