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If you need to transfer to a new town or your cash flow just can’t handle the mortgage payments you may be considering your options for unloading your home. Here are a few. Short Sale A short sale allows a homeowner to sell the home for less than the amount owed on the mortgage. However, the lender’s Continue reading How to Get Rid of Your House: Short Sale, Strategic Default, Give it Away Debt collectors are experts at locating assets and sources of income and using all of the collection tools at their disposal. These include letters, phone calls, court actions (liens, summons, wage garnishment, bank account levies), repossessions and more. There is no government program to bail out credit card debtors and while you have the right to Continue reading Debt Relief: How to Settle Debt With a Creditor When you invest in a Roth the contributions aren’t deductible. However, when you retire and you begin to withdraw the money during your retirement the withdrawals are tax-free. It’s a nice non-taxable retirement income stream to complement other income sources that will be exposed to higher future tax rates. Currently, another Roth benefit is that the Continue reading A Roth Can Be Your Hedge Against Higher Tax Rates It’s always a good to idea to make the most of tax-advantaged savings accounts and investments in your retirement planning. They’re a smart way to leverage your savings effort. But now is an especially important time to make sure you’re not overlooking any opportunities to save and invest in a tax-efficient way. Why? Well, taxes could soon Continue reading Pay less tax when planning for retirement Converting your traditional IRA to a Roth IRA could have important implications for your estate planning strategy. Beginning this year, you can convert to a Roth regardless of your income or tax-filing status and spread the pre-tax income equally across 2011 and 2012. Should you decide to do so, it also may be a good idea Continue reading A Roth Conversion and Your Estate Planning Strategy With mortgage rates at a record low and the Federal Reserve Open Market Committee expressing increased concerns about the economic recovery the concern about a deflationary threat deserves consideration. The attention of policymakers and economists is trained mostly on a looming inflation threat, the drawback you typically associate with enormous amounts of liquidity pumped into the Continue reading Disinflation, Deflation and our Dependency on Low Interest Rates Question: I’m a full-time student who has a part-time job at a community college. Can I start contributing to an IRA? Answer: Yes, you almost certainly can. And if you can swing it, you probably should, since contributing to an IRA early in life can be an excellent way to lay the foundation for a more Continue reading Saving: Building a Nest Egg on a Part-Time Salary Should you borrow from your 401(k) to pay off your debt? By borrowing from your 401(k), you won’t actually be paying off debt in the sense of eliminating it. You’ll be replacing your existing debt with another loan. So the real issue is whether it makes sense to transfer your debt to your 401(k). Thinking of your 401(k) Continue reading Should You Borrow From Your 401(k) to Pay Off Your Debt? Taxes and Estate Planning Tax advisers are pushing new maneuvers that allow taxpayers to get more money to their children and to their favorite cause—at the same time. See the full article |
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