Daily Archives: March 3, 2009
The Ilyce Glink Show March 1, 2009
It’s been another rough week in the financial world:
GDP shank 6.2 percent in 4Q 2009. It’s the biggest drop in 25 years.
New claims for unemploymen…
Freddie Mac CEO Resigns
David Moffett, CEO of Freddie Mac, announced his resignation today.
Freddie Mac is one of the two government sponsored entities that buys mortgages f…
IRS Wants To Give You A Refund From 2005
Do you ever stick your hand into the pocket of a pair of jeans you haven’t worn in a while and find a long-forgotten $20 bill? I think it’s …
Health Insurance Options For Retirees
A near-retiree can’t use her retirement savings for a few years, but is ready to quit working and wants to know what her options are for health insurance. Health insurance is expensive, but COBRA and the AARP may be options. Not having health insurance could be financially detrimental.
Does Capital Gains Exclusion Apply To Trusts?
A homeowner wants to put his investment property into a trust to avoid capital gains taxes. To avoid capital gains taxes, you have to live in the for-sale property for two out of the past five years. A smarter way for this homeowner to avoid capital gains would be to use a 1031 exchange.
Questions On 529 Savings Plans
Are there tax penalties on a 529 plan if your child doesn’t start college by a certain date? Is a 529 plan the best way to save for college? Are contributions to a qualified 529 plan deductible? These questions and more about 529 plans are answered here.
Questions About Inheritance
How do you make decisions on investing or spending an inheritance? Is it better to receive an inheritance or a gift? How can you ensure your inheritance is protected? We answer questions about what to do when you’ve received an inheritance.
Is Credit Card Offer A Good Deal?
A bank has offered a low interest rate on a personal loan. Many personal loans have rigorousness repayment requirements and many dangerous details in the fine print. If you’re looking to a personal loan to help pay off debt, consider using the equity in your home instead.
Questions About Investing In Bonds
Are bonds a good investment for a senior? Where can I learn more about bond funds? What happens to corporate bonds when the company files for bankruptcy? Here are answers to several questions about investing in bonds.
Watching Out For Bad Apple Lenders
A mortgage company offers to refinance a home with other debt into a new, bi-monthly, 15-year mortgage, but this offer could be coming from a predatory lender. Predatory lenders offer to roll many loans into one so that it is completely unaffordable to the owner. The loan from the predatory lender then spirals out of control for the borrower, who often ends up in foreclosure or bankruptcy court.
