Ask Bill - Answers about Dollars & Sense

Ask Bill Articles on Dollars & Sense

Get personal finance advice on managing your budget, increasing your wealth, and more.

401k Withdrawal & International Wire Transfer

Should I withdraw all my 401k funds? Can I make an international wire transfer?

Fidelity and European debt crisis

How can I protect my retirement account from the European debt crisis?

Roth IRA Withdrawal to Pay Debt

Keep the money in my Roth IRA or use it to pay off my credit card debt?

IRA Gift

I want to start gifting money from my IRA accounts to family members. What do I need to know?

Roth IRA Conversion

Can I convert my 401K and traditional IRA into a Roth IRA?

Selling Timeshare

International Buyers Group contacted me to broker my timeshare. Is IBG legitimate or a scam?

529 College Savings Plan

Does it make sense to liquidate mutual funds to fund a 529 College Savings plan, right before my kids start college?

401k Early Withdrawal

I need to withdraw my 401(k). I have approximately $5,700 balance. What will I be penalized? How much should I net?

Extra Mortgage Payment

Should I make extra mortgage payments to slash my mortgage interest expense?

Private Mortgage

I want to pay my son's second mortgage and have him repay me. What form do I file?

Refinance Income?

Is the cash-out from a cash-out refinance taxable income?

1099-A vs. 1099-C

What is the difference between a 1099-A and 1099-C, and how will we know when our bank canceled our mortgage debt?

California Service of Process

What are California's service of process rules?

401K Distribution

How much money am I allowed to withdraw from my 401k?

IRA withdrawal and farm income loss

If I withdraw from my IRA to pay business expenses on my farm, can I claim that expense as a loss on my tax return?

California Attorney Malpractice

What can I do if my attorney will not work on my case or communicate with me?

Social Security Disability

Does how much I owe in credit debt or what I own as assets affect me in qualifying for Social Security Disability?

Defined Benefit Pension & Annuity

My spouse must take funds from defined benefit pension. What are our options? What about an annuity?

401k Hardship Medical Distribution

How do I qualify for a hardship distribution for medical debt?

Bonded Title

How do I remove lien from my vehicle's title?

Annuities or Municipal Bonds?

Should I keep my annuity or invest in municipal bonds?

Investment Adviser & Estate Planning

My spouse and I are house-rich, but need to plan long-term health care for our son. Where do we begin?

John Cummuta's Transforming Debt into Wealth

What do you think about John Cummuta's Transforming Debt into Wealth program?

California Eviction

Where can I go to learn more about California's landlord-tenant law?

Investment Adviser

I just inherited a large sum of money. Now what?

Balance Savings

I am retiring debt and saving money in my 401(k), but am I doing it all in the right order?

Cash Out Retirement Account

Should I cash-out my retirement account to pay-off my debts?

Spa Efficiency

I want to rent a spa for a month, and am wondering how much electricity and gas will cost.

Pay Off Bills

I am young and want advice on paying off my bills.

Vehicle Lease Terms

Can a person lease a car but insure it for two different drivers?

Garnished Wages on My Paystub

Am I correct that only one can be garnished at a time. I cannot live on 50% of my salary being garnished.

finding help with financial planning

How do I choose a good financial adviser? I have some serious questions regarding how to pay for college, retirement, and taxes

Confused about what to do with Stock Investment

I did my homework but other people are saying that I'm should sell my stocks now, so i am really really confused. What do you g

Taxes on an Eligible 401k Withdrawal

How much can I take out of my 401K without having to pay taxes on it? What's the maximum amount can I take out a year?

$23000 Debt

My family has $23,000 in debt we struggle to repay. Should we try credit counseling or file for bankruptcy? Which is best?

What Can I Do To Secure a Better Future?

What can I do to secure a better financial future?

$130000 Credit Card Debt

I have $130,000 in credit card debt. What are my options to consolidate my debt if I have no equity in my home?

401(k) Withdrawal

I am unemployed and used some of my 401(k) to pay my bills. How do I report the taxes?

Unemployment Benefit & Pension

I cashed in my pension. Can I still collect state unemployment benefits? Call the agency in your state that administers unemployment

Straw Buyer

My spouse was an unwitting straw buyer in a HELOC scam. What can we do?

401(k) Distribution

Can I receive equal distributions from my 401(k) over the next five years?

Rollover 401(k) into an IRA

Will I be taxed twice if I take a distribution from my 410(k)?

Cashing CD Penalizes Grandmother

My mother gave CDs to her grandchildren, and her attorney warned against redeeming them for five years. Why?

Michigan Mutual Savings Association Stock

My grandfather found shares from 1924 what should he do with it?

Compund Annual Growth Rate

How do I calculate the future value of an investment with a 12% compounded return.

Who is Bill and How Are the IQ Parameters Determined?

Who is Bill, and how are the IQ parameters determined?

Title on Vehicle I Co-signed

I co-signed on a motorcycle loan for a friend. He defaulted and I paid for the bike. Now what?

How Do I Start Investing in the Stock Market?

I'm interested in investing in the stock market but I don't know where to start. How do I start investing in the stock market?

Negative Option Marketing Scam

I got caught in a negative option marketing scam. How do I get out of this?

Why Must I Continue to Make Payments on My GM Car Loan?

Why do I have to keep making my car payments to GM? What is my GM stock worth?

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