I am a 47-year-old sole provider (mother) of 3 teenage daughters with 50k in a savings account, 300k in investments, 60k in a 401k retirement account, and own a home valued at 300k with a remaining mortgage of 50k. My oldest will be ready for college in September 2006. Should I pay out of the savings account or consider student loans? I may need to go on disability in the next 3 to 5 years. Any advice for long-term planning would be appreciated.
December 14th, 2023
Can we carve out and reinvest the total cost column ($360,127.08) from a non-IRA mutual fund portfolio without triggering a tax?
November 27th, 2024
In a transfer of funds between two accounts, one of the banks makes a mistake and instead of $10,000, it credits the customer's account with $100,000. What can the customer do, and what are the customer's obligations if the bank does not discover the mistake until much later when the money has been spent?
June 7th, 2023
I live in a foreign country and am a resident of NC but not domiciled there. Do I have to pay NC taxes?
December 29th, 2024
Is health insurance paid through salary deductions tax deductible?
July 20th, 2023
I owe the IRS for the years 2003, 2004, and 2005. I'll be making payments every month. Can I pay online?
October 18th, 2023