by John | Apr 30, 2019 | Investing, Personal Finance, Q and A |
Q. I am planning to contribute to an IRA this year. Should I open a regular IRA or a Roth IRA? How do I decide which type of IRA is right for me? A. Congratulations on committing to save and invest toward your future. It won’t get done without you! But you’ve hit...
by John | Apr 25, 2019 | Insurance, Q and A |
Making Long Term Care Insurance Premiums Payments from an HSA Account A. Health Savings Accounts (HSA) are one of the most flexible and beneficial accounts to help deal with ever increasing cost of health care. They offer a tax deduction for contributions. ...
by John | Apr 19, 2019 | Investing, Personal Finance, Q and A |
How should I invest down payment money? Q: I would like to invest $264,000 for a year or two until I find a house to buy. I would like to earn four to five percent a year and I’m willing to take a little bit of risk. I’m thinking of a mix of money market...
by John | Apr 9, 2019 | Investing, Q and A, Taxes |
Q. Though it makes sense that a stock gain is reported when sold and the capital gains tax paid for that sale year, I’ve always been reluctant to invest via stocks because of the paperwork and anxiety of doing a 1040 reporting each year, whether sold or not. It...
by John | Apr 2, 2019 | Debt, Financial Education & Coaching, Q and A |
Q. I have $17,000 in credit card debt. Is it worth getting a personal loan to pay that off? The interest rate would be less, but there is also a loan origination fee. A. Mathematically, I can’t tell which is better as some necessary information is not...
by John | Aug 30, 2018 | Financial Education & Coaching, Personal Finance, Q and A |
Q. I need to prioritize financial goals that compete with each other. Background: I am 31 years old, recently married, and have a stable salary of around $130,000. I have $28,000 set up for an emergency fund and about $8,000 currently saved for a house down payment....
