401k
Should You Use Retirement Funds to Buy a House?
Should you use retirement funds to buy a house? Borrowing from a 401(k) to buy a house can be a bad move. More in today’s Real EstateReal Estate is land and anything permanently attached to it, such as buildings and …
Should You Use Retirement Savings to Pay Off Debt?
Don’t use your retirement savings to pay off debt, especially if you don’t have a lot of debt or high interestInterest is money charged for the use of borrowed funds. Usually expressed as an interest rate, it is the percentage …
Withdrawing From 401k to Buy Home
Evaluate the pros and cons of renting versus home ownershipOwnership is the absolute right to use, enjoy, and dispose of property. You own it! before considering withdrawing from your 401k to pay for a home down payment. Q: My husband …
Required IRA Withdrawals After Age 70 1/2
The government offers a choice of withdrawing all your IRA savings or receiving smaller payments after age 70 1/2. Q: When I retired a few years ago, I moved my 401(k) into an IRA. Now that I am 70, I …
Using Your 401k During Unemployment
Q: I was laid off my job last night and I need advice about what to do with the money I have in my company 401(k). Would you be able to recommend a fee only financial planner who could help …
Keep Cash Safe or Invest in 401(k)
Should you keep your cash safe or invest your money in your 401(k) or Roth IRAA Roth IRA allows non-deductible, after-tax contributions of up to ,000 per year. As long as you hold the IRA for at least 5 years, …
Roth 401k vs 401k Contributions
Should you make your contributions into a Roth 401k (post tax money) or make contributions to a non-Roth 401k (pre tax money). Q: My husband and I are trying to determine whether he should continue to make retirement contributions into …
Short Sale Approval Not Possible With Lender
Some lenders are harder to get to approve a short sale. If you are having trouble, here are some ways to get your short sale approved. Q: I own a home, but I bought another home with my boyfriend. I …
Paying For College With ARM Home Loan Or 401k?
Using ARM loanA Loan is an amount of money that is lent to a borrower, who agrees to repay it plus interestInterest is money charged for the use of borrowed funds. Usually expressed as an interest rate, it is the …
401k Withdrawal Or Home Equity To Pay For Wedding
What would be better, the withdrawal of 401k funds or to obtain an home equityYour share of ownership in a company. Stockholders are often referred to as equity investors, because they invest in the equity of a company. loanA Loan …
