by John | Jul 25, 2018 | Financial Education & Coaching, Personal Finance, Q and A, Taxes |
Q. How can I reduce my taxable income? I am 38 years old and have two jobs at non-profit companies. My annual income is $115,000. I am contributing 8 percent of my bi-weekly salary into my 401(k) which is not matched by my employer, though they typically deposit...
by John | Jul 19, 2018 | Financial Education & Coaching, Investing, Q and A |
Q. What should I do with my 401k and annuity RMD’s after paying taxes if there is currently no need for the funds and I want them to grow with limited risk? I have two annuities and a 401(k) totaling $500,000, a year’s emergency fund, and a home worth...
by John | May 15, 2018 | Debt, Financial Education & Coaching, Personal Finance, Q and A |
Q. As a recent college graduate in my early thirties, is it a wise financial decision to buy a new car that costs $40,000? I want to buy a house in the near future. I’m in my early thirties and I have never owned a new car. I just graduated as a registered...
by John | May 10, 2018 | Financial Education & Coaching, Insurance, Personal Finance, Q and A |
Q. Is whole life insurance a good option for my family? I have multiple retirement accounts and insurance policies already in place. I am a single mother of two young children and work as a nurse. Currently, I have a 401(k) account, a 403(b) account, universal life...
by John | May 8, 2018 | Personal Finance, Q and A |
Q. How will the new tax bill impact my taxes in retirement, especially when I’m required to take my Required Minimum Distributions (RMDs)? I will be 70 years old in November. My annual income is approximately $64,000 from my pension and social security...
