Q&A
Asked by Mary
Answered by Kim Miller, CFP®PRO+ in Redmond, WA
Hi -
The annual gift tax exclusion allows you
to give $14,000 per year to any one person
without filing a gift tax return. A married
couple who "join" in the gift ca...
Q&A
Asked by an anonymous user
Answered by Mark Haynie, Mortgage Broker in Los Angeles, CA
Unfortunately, the 547 score is a lower score
than any lender will consider. I recommend
that you consult with a professional in the
credit repair business and develo...
Q&A
Asked by victor piediscalzo
Answered by Tracy Scott Burke, CFP®, ChFC® in Harrisburg, PA
Victor,
Thanks for your question. Some
type of a tax-deferred retirement account
would likely be best in your situation in lieu
of bank savings. If you have acces...
Q&A
Asked by Erin
Answered by Prateek Mehrotra, Financial Adviser in Appleton, WI
Erin,
Here is a simple way to do this.
After you sell your stocks you will know the
selling price. Your Capital Gains is equal to
the difference between the Selling...
Q&A
Asked by Katie
Answered by Michael Hoffman, RFC, CLU, ChFCPRO+ in Grass Valley, CA
Katie,
Conversion from a traditional IRA to
a Roth IRA is beneficial when the amount you
are converting allows you to stay in the same
tax bracket and you have time...
Q&A
Asked by Michael
Answered by Pamela J. Horack, , CFP®PRO+ in Lake Wylie, SC
Hi Michael! I'm a huge fan of paying off debt
as soon as possible. You can't build your
finances up if you are busy filling in a hole
of debt. Make a plan to focus all...
Q&A
Asked by Lynn
Answered by Martin Leclerc, Financial Adviser in Bryn Mawr, PA
First, dividend payments by corporations are
not a deductable expense. Therefore,
dividends are paid from after-tax income by
companies with profits.
Second, any
...
Q&A
Asked by Brady
Answered by Winnie Sun, Financial AdviserPRO+ in Irvine, CA
Michael did an excellent job answering this
question. You may want to take advantage of
this change to also update your retirement
plan. Since two of the above three o...
Q&A
Asked by John
Answered by Michael Mezheritskiy, Financial Adviser in Avon, CT
John, the best way and the easiest way to
describe a zero coupon bond is - It is a bond
that is sold under its face value, meaning at
a discount. however when it matur...
Q&A
Asked by Linda
Answered by Anita Johnson, Financial Psychologist in Sacramento, CA
Linda, Thank you for the question. Sometimes
these government forms can be so confusing. If
I were preparing your 2013 Tax Return I would
enter the information on the ...
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