If one spouse is still working and one is disabled can 401 k be used to salary rotten mortgage, husband is 60 yrs.?
Question:
Are all 401ks alike. when you're disabled can you use your 401 k anyway you similar to ?
Answer:
Of course you can always use your 401k for doesn`t matter what you want. I assume your question is nearly penalties. If you enjoy one and become disabled you can avoid penalties, but not excise.
First of all, if it's the husband's 401k he can use it however he desires. He'll probably have to foot taxes on the withdrawal but might get hold of break because of disability. If the injury will be a long time disability you might look into Social security benefits as powerfully. It all depends on who is disabled and who is 60 years out-of-date. Things like vesting and other factor.
If the person who is disabled (and it's considered long-lasting disability by Social Security) takes a distribution the the individual would not have to money the extra 10% tax unanimously associated with distributions back age 59 1/2. If the disabled person is your husband and he's 60 next there would not own been the 10% cost anyways as he's over age 59 1/2So there is no financial benefit nor cost in expressions of the 401k for him being disabled.
Now, the levy portion...we already know that there is no extra import tax that will be assessed. Almost every cash distribution from a retirement requires an automatic 20% withholding from it. That's not the duty...it's the government withholding a portion of the distribution as a evade to ensure your ability to wage the tax. So, if your household income mandate a tax rate that's lower than the 20% withheld consequently you'll receive a refund when you folder your taxes. If your household tax rate is greatere than 20%? You'll owe an optional sum. So, if his 401k is large it might gross sense to take just a portion of his 401k as a cash distribution and some as a rollover into an IRA. Whole notion is to NOT take more than you entail in writ to keep your taxes low AND to engender sure that Social Security payments are not taxed.
Last article...Once you pay the taxes on the 401k consequently you can use it anyway you like. So the disabled spouse can bear a distribution and pay bad the mortgage. In fact, most would reccommend it so that the house fee doesn't interfere with morning to day living expenses. BUT if you really don't necessitate to eliminate that expense and you can find by without taking the distribution afterwards I would recommend you NOT take the distribution. 401k distributions should solely be taken for living expenses if there are no other available sources of income. I don't plan starving yourself to postpone it...but it make no sense to take that money as a distribution, duty yourself on it, and then permit it sit in a wall account or even discharge off debt beside it.
Wachovia Bank.. Keep the progress program?
Question:
I bank near wachovia. I really like the impression of the "keep the change" program at Bank of America..
Will wachovia ever hold that program?
Answer:
possibly in the adjectives because banks approaching to "borrow" incentives from one another like that also WAMU does that so I have an idea that eventually they all will
Nope
That program is the biggest scam!! They charge the redeploy to your credit card and then put it contained by your savings portrayal - in other words, they are charging you interest for money that you collect! And the interest they charge you is much more than the interest that you earn on saving, so its a route to go broke slowly. Don't find suckered in by that program!
I guard with Wachovia and it doesn't look close to they will.
You have to ask Wachovia.
Keep surrounded by mind that BofA doesn't give you the make over, they round up from your checking account and put it surrounded by your savings.
Washington Mutual offer 3% cash rear legs on all debit card purchases.
Could the world be better minus money?
Question:
wouldn't it be easier if all things be free?
pros and cons?
Answer:
Hahaha, my friend we live in a world where on earth nothing's for free and if anyone gets the indiscriminate they'd even eat up the most historic people contained by their lives for $$ :P Anyways, even IF this existed, although im very skeptical, here are the pros and cons:
Pros:
1) Life would be a LOT easier
2) Anyone would catch whatever they needed
3) People would not be ranked according to richness
Cons:
1) There would be no means of exchange
2) People would live a outstandingly simple, lazy enthusiasm
3) People might resort to violence and their "animal instinct" to receive what they want :P
Hope that helped =)
People would not be classified base on wealth.
There would be no issues
in attendance would be no jobs
We would live an graceful life resembling animals on earth.
We would find our food from trees and other animals ourselves.
Live like cavemen/cavewomen
apart that everything would be better free and than a within will be a rule that every body has to do some form of work there will be more peace for not a soul would argue about mony or dislike or even kill and we would be within heaven but it will other be our dream, mate couse no one would listen:'{
i hve this sentiment to but when i told my mum she told me that i am to young to figure out i am not very elderly just 12 but still you know
i ponder it would be easier ,but people would hold more than their full share.Face it, people are greedy and have things free we would never have businesses any more.No clothing(unless you made your own),cars,home builders,electronics zilch.cause these general public do labor for money.Cash rules everything around us and always will.
no
logically!! but what would be people's motivation then. within would be no commerce, no buildings, no food, no media, no transportation. it will be similar to living as cavepeople.
human beings are selfish by personality, so no one would ever do anything or provide anything for "free".
specifically why as the saying go...money makes the world shift around
If everything was free afterwards there would be fight over who would get what. Money help regulate the distribution of goods. Many frequent years ago people used to barter. The problem near that is that I do not know if my sack of potatoes is worth your pig or goat. Money give us a way to assign a helpfulness to everything so we don't get bleak deals similar to we did when we bartered. If I want to barter you my necklace for a piece of meat you own and you don't want to have a necklace I own a problem
Also money is easy to transport. Imagine have to carry around 50 pigs so you can buy a house :-) and finally money is permitted by everyone as legal tender. Like the necklace/pig example from above, if you don't want to adopt what I have to grant I have a problem. Money solves that problem because everyone accept it in return for other commodities!
The world would only be better sour without money if we wouldn't own big brains but had small brains resembling many other animals. Since this isn't the travel case we are better off next to money. Imagine having to come to blows with your neighbour over a pig than to both reward money to get partly each!!
How can you stop a personage using false address for purchases please?
Question:
Answer:
IF YOU know where they are shopping next go to that shop and communicate them.
word will soon get around.
Ask for proof of address or a current utility bill.
every time they do it hit them on the nuckles -they'll soon swot up
Ask them to produce - Drivers Licence - Utility Bill - Passport - Bank Statement or a legit ID.
One way to identify them is to embezzle a Polaroid (spell?) snap of them - some shops do that already.
Check the phone book.
Yes, I know, all of these can be forged - but if they are serious nearly 'defrauding' you in some bearing, there's not a lot you can do.
Proof of address alone is not adequate, as someone could impersonate somebody else.
A better form would be photographic evidence with proof of address, e. g. a photo driving licence.
You could ask for several items for ID (originals only).
There is also the electoral register; you could check against that.
Another way could be to drop by someone at home, but it would have to be used contained by conjunction with the above.
Unfortunately, although you can minimise the risk of a false address, within is no foolproof way; clever culture intent on committing fraud could falsify documents and pretend to be someone else.
The steps you lug depend on the reason for you asking the examine and on how often you call for to verify addresses.
Can the wall freeze your tale and donate more debt to the narrative for backbone child support?
Question:
My friends son called her today and said that his guard account have been frozen and they said he is $17,000 overdrawn for vertebrae child support. I can't see how they can throw that much on the account if you didn't own it in near for them to take. Plus a guard isn't going to let someone be that much overdrawn, I wouldn't consider. They said he goes to court surrounded by 120 days. Maybe somebody can give some input on this situation for me its sounds wierd to me. Thank- you
Answer:
Although it's possible his current funds may hold been frozen (not ceased) approaching an investigation. But he would have be contacted well contained by advance. Also, he would own been given tons opportunities to come to some sort of allowance plan of his old debts. I doubt that any of his money, if he have any, would be taken away, unless his money was acquire illegally. But i.e. another matter. If he owes money for child support it is possible that the legally recognized powers [that be] may say he owes $17 G surrounded by back-support but they can't create a debt in the BANK. Chances are his wages will be garnish (a certain percentage of his income) until he is over-involved in his child support. Whatever the baggage - he is probably lying to get some money from someone.
bank can do it there is no mode out
If the court has ordered a tremor of assets , the bank must comply.
This is even more true if the child have been getting policy assistance and the father has be non supporting ($$). The government will collect by force through the court if they locate the delinquent human being.
The overdrafts occur when the character has written checks but the courts freeze / take the assets, then adjectives the checks that were written . . . bounce !
$17,000 sounds as if he be fairly all right to do so the child support could easily hold been $8K and up per year.
If you owe backbone child support or any sort of judgement against you the bank can freeze the amount i.e. already in the story based individual on a court order from a sheriff but even if the amount surrounded by the account doesn't cover the total owed on the judgement they will never "affix debt" by in effect overdrawing the narrative. The court will generally draw doesn`t matter what is in the report and then originate to garnish your wages. I would contact the edge and request a copy of the court order that made them freeze the statement. It sounds like in attendance was some sort of mistake on the bank's piece.
If a court tells the sandbank to do something, the bank does it. In this armour, for back child support? Oh yeah, it can within spades. It has beforehand, it will again, for one very simple rationale: the court told your friend's son to pay child support and refuse to pay what the court ordered is CONTEMPT OF COURT for which he can be jailed. He can appeal the pronouncement, but appealing after ignoring the taste looks very doomed to failure and tends to lose the appeal.
individual in debt sucks. use this site to find quotes on debt consolidation. you'll be debt free in no time!
What is the good point of a us funds bond purchased surrounded by 1986, what is the lolly expediency?
Question:
Answer:
It depends on the amount of the saving bond, in that is a program which you can go and enter the bond serial number and denonmenation and it will add the interest for you. You just enjoy to G00GLE bonds or try saving bonds.
This should sustain.
http://www.treasurydirect.gov/bc/sbcpric...
here is a link that I found on the lattice that helps you figure what you savings bond would be worth
https://www.washington.edu/admin/payroll...
What is the cheapest opening to distribute an 8 pound box from Oregon to Hawaii?
Question:
Answer:
the best way to find out is dance to usps.com and click on calculate postage. and do equal on fedex and ups. that way you will know for sure which is cheapest
Sorry, get nothing for ya
I would say aloud UPS. We've shipped to Kauai UPS and it didn't take long for them to bring the package any.
Actually there won't be tons of difference, bunch shipment competition if fairly feirce, which manner prices are competitive. Most likely though the cheapest will be post bureau, 3rd class or parcel post. If it is printed material they enjoy a book rate.
USPS.
It depends on what it is.
If it is Books, then US Post Office Media Mail.
if you can win someone who is flying to Hawaii to carry the box near them (8 lbs is not much), it would be free. now that's cheap.
U.S, Postal Service Parcel Post -- lawfully quick and reliable. IF it will fit, they also enjoy FLAT RATE Priority Mail boxes available . . . around $8. and it gets in attendance in 2-3 days. Also, if it's books, magazine, etc., you can send it Book Rate, also particular as Media Mail -- VERY VERY CHEAP but slower.
What are US in your favour bonds, and how do I dig up them?
Question:
I wanted to carry details on what are US saving bonds and how can I search out them. Are they useful, or are at hand other ways to earn money? Thanks.
Answer:
Basically, when you buy a savings bond, you are lend money to the US government. (They inevitability to borrow a lot of money since they spend so much more than they carry from taxes.) Since you're lending money to them, they own to pay you interest. It's a relatively low rate of interest, but you can be almost correct they'll pay so it's a protected investment.
You can buy them directly from the government online at http://www.savingsbonds.gov/ or I reflect on you can also buy them at most banks.
I one-sidedly don't buy them because I prefer to invest in the stock bazaar. It's much more volatile, but over the long run, stocks are the investment class that has historically have the best returns. You have to be prepared to endure the ups and downs along the passageway, though.
They are bonds issued by the US Government and fully guaranteed for payment of interest and principal. Banks knob them, and you can get them directly from the system. Use the Internet if you like. Not the best investments, but indeed safe.
Dave and Charles are both right but the other little piece of information that you obligation to know is after you buy the bonds you can not redeam the bonds until 30 years after you purchase them well you can redeam them at 16 years to bring the face effectiveness but to get the interest too- it would be 30 years.
How much money will Sun Trust hold After taking 1 penny out 1,000,000 accounts?
Question:
If SunTrust have 1,000,000 sandbank accunts and they said they was going to clutch 1 penny out every accunt how much money will they have.
Answer:
$10,000 (1%)
So if they own 1 million account, and at 1 penny respectively account, thats 1 million pennies. So its 1,000,000 pennies. So, if you divide that by 100, you will gain $10,000 dollars.
Do You hold to record mortgage interest?
Question:
I had refianced my mortgage next to another lender, and did not receive their tax document until after i file my income tax. To be paid matters worse, i notice that my tax preparer did not include my brand new lenders mortgage interest which was $2,415.11. Should I look to ammend this situation? Do I own to file my mortgage duty? Help!
Answer:
If you itemize, I'd ammend your return. You've got another $2415 worth of deduction. That means the IRS owes you more money. I'd ammend the return.
No you don't hold to file your mortgage export tax, but if you don't you're "donating," money to the government.
Depends on weather you itemized or not.
Anyone hear of 'Salary Exchange' surrounded by relation to private allowance scheme run by your employer? Is it permissible?
Question:
It's where the member of staff takes a easing in pay in exchange for a greater contribution being remunerated by the employer. This contribution is made up of what would have be employer's NIC if the full salary be paid. Is this court or a getting around the system scam?
Answer:
My employer does this. It is perfectly legitimate. But don't do it if you need the brass to spend as once it is in your income scheme you can't bring it out age 55 at the earliest and most of it you have to use to buy a allowance.
this is perfectly officially recognized, more commonly called a take-home pay sacrifice. Works best for higher charge rate employees who are not disappearing the firm or retiring in the year concerned - if you be off then adjectives your pensions benefits base on the reduced sum. If your scheme uses a three year remuneration average or longer to calculate benefits you obligation to ensure that for the period one considered you are on max salary. Unless logically your salary is above the max allowed.
How much? I would similar to to buy your women. How much for the little girl?
Question:
Answer:
You might be able to afford the initial cost, but I doubt seriously that you could afford the monthly maintenace.
lol i love that movie
Ask your Dad how much he pimped you for. That will bequeath you an idea.
John Belushi surrounded by The Blues Brothers.
What a great movie
Bankruptcy?
Question:
I was freshly wondering what is the difference between Chapter 7, 10 & 13 bankruptcies. How did the current law that Bush passed presently affect bankruptcies (or does it at all)? I've hear everything that you can't file for Chapter 13 ruin anymore to you have to clutch financial planning classes thereafter. Also, is it advisable at all? I know generally people say aloud make it your second resort, but I am beyond in debt and do not enjoy any other resolutions. Any horror stories after filing? Any positive stories? Please educate me.
thanks!
Answer:
The up to date law is much more complicated than formerly. It was designed to deter empire from walking away from their debts. If you are facing personal bankruptcy consequently there are two chapter which might apply: chapter 7 and chapter 13. Which one would be best depends on your cirumstances - your income, your debts, etc. etc.
Do yourself a favor and research the subject before you net a move. It really is a last resort and in attendance could be alternatives. This website has deeply of information, useful links etc.
Good luck!
I file the week before the law changed, but I know a little around what changed.
Ch. 7 is a liquidation, where your unsecured debts are discharged and not owed on anymore. Secured debts can be reaffirmed surrounded by some cases. This is the one that's almost impossible to do now.
Ch. 13 is for debt restructuring. There's a formula they use to see how much money monthly you can afford to income back. If, when using this ominous formula created by the IRS, you can afford to repay even $100 per month, you must file Ch. 13 and settle out your debts, over a maximum 5 year time.
The dirty secret that not a soul talked almost before the imperative changed, is that 4 out of 5 people who file Ch. 13 BEFORE the change, one-time. You miss one payment and the unbroken thing can procure derailed. God help you if you lose a employment, get injured, anything.
There are also some "means" tests, where on earth your income is compared to the average income for your area. If you product very little money, you may still qualify for a Ch. 7.
And yes, I believe that up to that time anyone can file a BK in a minute, you must meet beside a non-profit credit counselor first.
Call a few BK attorneys. Get quotes on prices, and meet near a couple that are cheap but seem knowledgable. Most will grant you at least a 30 minute consultation at no charge, surrounded by hopes of earning your business.
CHAPTER 13 MEANS YOU HAVE TO PAY BACK ALL OF YOUR DEBT TO A BOARD OF TRUSTEES, CHAPTER 7 MEANS YOUR DEBT IS WIPED OUT. THE ONLY ADVICE I CAN GIVE IS TO STAY AWAY FROM CREDIT COUNSELING AND IF YOU DO FILE BANKRUPTCY FILE A CH 7 NOT A 13. WHAT YOU HAVE TO REMEMBER IS A BANKRUPTCY IS A BANKRUPTCY AND JUST BECAUSE YOU ARE PAYING BACK IN A CH13 DOESN'T MAKE ANYTHING BETTER.
What can I do if a bar/club charged my debit wall card an extra $5 for a tip when I did not agree to that?
Question:
I went to a local bar/club on Friday hours of darkness and I did not have satisfactory cash for the cover charge so the soul at the door told me to go to the public house and use my debit/ bank card to go and get the money from the bartender. The bartender took my card and charged me for the cover charge and gave me the dosh. I just notice that they added an extra $5 on there !
It have made my card overdrawn now by $2.50!
What can I do?
Answer:
Call your mound and explain the situation. They will take guardianship of it. The club did something illeagal. They will be prosecuted. Keep that receipt!
that's fraud, I'd pinch it up with the sandbank and then the police.
am assuming if you did not use the prefered method of money which is cash, the inconvenience of processing and waiting for the transmittal to come through is the $5 levy. i wouldnt bother reporting it to the bank or the police. its standard practice if you dont use currency in places be cash is expected.
Definitely name your bank and carry this taken care of. Unless it be otherwise posted as an extra fee you shouldn't be liable.
I'm sorry to articulate but it'll be hard to prove, especially in a minute you don't have the reciept. For that amount of money, the police would hail as your case 'frivilous' ( it's resembling loosing $5 in the street and reporting it missing).
But, you never know. Maybe confront the club superior and explain whats happened, and ask for your money posterior.
Good luck
My credit card bills are more than I can payment.?
Question:
I was layed past its sell-by date from a job that rewarded my bills plus extra each month. My mission now pays much smaller number. I used my credit cards to help crowd in. Now I owe so much on my cards that I am have trouble paying them.
Answer:
Ask for a raise; or
Get a better livelihood; or
Get a second job; or
www.CashCall.com
Get a second work until you get things beneath control.
Stop using your cards and get a second brief.
Similar problem recently encounter by someone in my clan. One way around the never climax increasing balance is to uncap a new card (if you can). The latest card should be offered with $0 charges and 0% APR on match transfers for the first 12 months. Then transfer the stability, and pay it bad bit by bit, but avoiding the never ending interest.