by John | Jan 12, 2018 | Financial Education & Coaching, Investing, Personal Finance, Q and A |
Q. How do you reset the cost basis for stocks and mutual funds to save taxes for low-income earners? My children, aged 24 and 22, inherited some money in 2014. These funds were invested in stocks and mutual funds. They have gained around $16,000 for each child. My...
by John | Jan 10, 2018 | Financial Education & Coaching, Personal Finance, Q and A |
Q. What should I do with the remaining few hundred dollars in my IRA account now that additional equal payments cannot be made as part of a SEPP plan? I’ve been receiving Substantially Equal Periodic Payments (SEPP) from an IRA for over a decade. Due to the...
by John | Jan 8, 2018 | Debt, Financial Education & Coaching, Personal Finance, Q and A |
Q. Does it make sense to trade in a car with no payments in order to lease a new car that is valued at less than the trade-in value of the car that I own? I own a car that is worth approximately $27,000. I don’t have any more payments to make on it. Does it make...
by John | Jan 4, 2018 | Debt, Financial Education & Coaching, Personal Finance, Q and A |
Q. How should I balance paying off my student loans and contributing to a 401(k) plan? I have over $200,000 in student loan debt. Some people have advised me to focus on paying off the loans, while others have advised me to keep contributing money into a 401(k) plan....
by John | Jan 2, 2018 | Financial Education & Coaching, Personal Finance, Q and A |
Q. Can I afford a house for $950,000? I’m inheriting $2,200,000. I’m 61 years old and my wife is 60 years old. We own a co-op worth $315,000. I have a pension of $33,000 per year and my Social Security will be $1,720 per month if I wait to take it out...
