by John | Apr 17, 2018 | Financial Education & Coaching, Personal Finance, Q and A |
Q. Should I convert the money in my traditional IRA account into a Roth IRA account to keep required minimum distributions (RMDs) low? I’m 67 years old and retired, but I’m not collecting Social Security until I’m 70 years old. I am collecting a...
by John | Apr 12, 2018 | Financial Education & Coaching, Personal Finance, Q and A |
Q. How do I report an inherited IRA distribution? My husband’s father passed away in 2017, and left his IRA to my husband and my husband’s sister. The bank told them to take 10% out for the IRS, but my husband took out 15%. It is income on his 1099-R. ...
by John | Apr 10, 2018 | Debt, Financial Education & Coaching, Personal Finance, Q and A |
Q. Can I borrow from a retirement account as a teacher? I am 36 years old and I have been teaching for seven years. I am in need of $5,000 to help cover funeral expenses for a family member. Can I borrow from a retirement accounts? A. First, I’m sorry...
by John | Apr 5, 2018 | Financial Education & Coaching, Personal Finance, Q and A |
Q. I was laid off at 58 years old and have substantial debt and a high mortgage payment. My severance package will only cover these expenses for seven months. What should I do in addition to looking for a new job? I am 58 years old and I was laid off on January. I...
by John | Apr 3, 2018 | Debt, Financial Education & Coaching, Q and A |
Q. What steps should I take so that I can get approved for a personal loan if my credit score is low? I want to get a personal loan so that I can consolidate my debt into one monthly payment. However, I haven’t been able to get approved for a personal loan. I...
