by John | Aug 20, 2018 | Personal Finance, Q and A, Taxes |
Q. Why do we owe so much in taxes? I make $165,000 a year and my husband makes $125,000 a year. We own two houses, and have two mortgages. One mortgage has a balance of $500,000 and the other has an $80,000 balance. We currently file married separate. My husband...
by John | Aug 14, 2018 | Investing, Q and A |
Q. I opened a Roth IRA years ago. I now work for the State of California and I am enrolled in a non-matching 401(k) plan. Are there any benefits in contributing to my employer’s non-matching 401(k) as opposed to my individual Roth IRA? Is there one that I...
by John | Aug 9, 2018 | Financial Education & Coaching, Investing, Q and A, Taxes |
Q. I am 35 years old and want to retire in 35 years. Currently, I contribute 17% of my salary to my 401(k) with my annual salary being $36,500. I am new to stock investing and wanted to get some clarification on stock dividends. Should I invest for dividends? If I...
by John | Aug 6, 2018 | Financial Education & Coaching, Investing, Personal Finance, Q and A |
Q. To prepare for retirement, should I contribute to a Roth IRA or 401k plan at work? Should my spouse and I be maximizing contributions to both of our 401(k)s? I am married and over 50 years old. My spouse and I file joint taxes. Last year our gross income was...
by John | Jul 31, 2018 | Financial Education & Coaching, Personal Finance, Q and A, Taxes |
Q. If my parents gift an amount significantly larger than the annual gift tax exemption, but below the lifetime cap, can they file a Form 709, and not have to pay taxes if the amount of lifetime gifts by them is below the lifetime cap? My parents are considering...
