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Dec/13Mark CappelDecember 23, 2013
What do you think about Dave Ramsey's ideas on saving money and debt? Does it make sense to never take out a debt consolidation loan or to only buy a house with a 15-year mortgage?
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Aug/12Betsalel CohenAugust 19, 2012
I'm trying to figure out how to start downsizing and am considering using $110,000 of my 401k to pay cash for a small condo at a below market price. I just refinanced my home at 3.375% and would consider renting it out for 2-3 years until the market rebounds a little more in this area. Other than mortgage my only major expense is $25,000 tuition for my daughter who is just entering her 2...
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Jun/12Betsalel CohenJune 28, 2012
I am in process of purchasing ten year life insurance. Are life insurance policies not requiring physicals as dependable as those requiring physicals?One company is presenting a $50,000 Universal Life ten year policy. Another; AAA Life Insurance Co. will sell $50,000 term Insurance and doesn't require physical. Premiums monthly are higher than AAA Company. Which company is more dependabl...
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Jan/12Betsalel CohenJanuary 5, 2012
I am 66 and will retire this June. How can I cash out my 401K and take the money with me to my home country, Hong Kong, where I will spend my retirement years. I will pay the tax at distribution but I am concerned about moving the money out of the country. Will there be any additional taxes or penalties for taking it out of the country? I have $188,000 in the account. ed
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Nov/11Betsalel CohenNovember 22, 2011
I have much of my retirement savings being managed by Fidelity. Should I be concerned about their heavy investment in the failing European markets and think about moving my money into something else?
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May/11Daniel CohenMay 17, 2011
i have about 25,000/30,000 in credit cared debt,from college for my kid's and being out of work at various time's and finally out of work for good at age 55 from being hurt on the job permentaly with a internal body problem. i can payoff this debt if i want too, but i'm keeping my money intact to generate money in my Roth. my question is should i payoff the debt and start rebuldi...
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May/11Mark CappelMay 4, 2011
I want to start giving money from my IRA accounts as gifts to my family members. I know I can give up to $13,000 a year without tax penalty. Should I do this through a lawyer or just through my financial advisor?
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Jan/11Mark CappelJanuary 11, 2011
I am 61 and retired 1/1/11 from full-time work. I also have a small business (sole proprietor) that I still work. Over the years, I accumulated three 401 K plans. Two are still with former employers/one I rolled over to a self-directed IRA. I also have my own Roth IRA. I have no need now for income but when I do, does it matter which account I take a 401K distribution from? Would it be bette...
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Dec/10Mark CappelDecember 29, 2010
I'm considering selling my timeshare. I was contacted by a company, International Buyers Group, out of Little Creek, DE. They are not listed with the BBB or the Chamber of Commence in Delaware. How can I find out if this company is a legitimate company or a scam? I have an address and when I Google it, it looks like a residential area.
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Dec/10Betsalel CohenDecember 27, 2010
My husband recently died and I found out that no one was listed as his beneficiary on his life insurance. Who will get the proceeds from this policy? I am the second wife and his two children are grown and on their own.