Should I stop 401k to pay off debt?
If you have low interest rate loans, and expect higher returns on the investments in your 401(k), it’s a good strategy to contribute to the 401(k) while y...
Category: Updates
What happens if you buy a house with your spouse?
If you’re buying the home while you’re married, then your spouse will own 50% of the home. If you don’t live in a community property state, you live in a ...
How many homes were lost to foreclosure in 2008?
A total of 861,664 families lost their homes to foreclosure last year, according to RealtyTrac, which released its year-end report Thursday. There were mo...
What happens to old people with no one to care for them?
Many people have diminished capacity and are less able to care for themselves as they age. They may no longer be able to easily walk or drive, and can exp...
Do Hard money loans require collateral?
A hard money loan is a short-term loan that does not come from traditional lenders, but rather individuals or private companies that accept property or an...
How do you calculate average life of debt?
To calculate the average life, multiply the date of each payment (expressed as a fraction of years or months) by the percentage of total principal that ha...
Will FHA approve a condo?
If you’re looking to get an FHA condo loan, the condo will need to go through an approval process. However, the FHA loosened its eligibility requirements ...
Why do I get a federal refund but owe state taxes?
If you paid too much in taxes during the year through payroll withholdings, then you may get a refund. If you paid too little in withholding then you may ...
Do college students count as state residents?
Attending college in a state does not come anywhere close to making you a residence of that state *FOR TAX PURPOSES*. While colleges will have their own r...
Can you put back an IRA distribution?
There is a catch: You are allowed to put one IRA withdrawal back into the account within 365 days. If you had any taxes withheld from the distribution, th...
