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Financial Planning

A collection of news and information related to Financial Planning published by this site and its partners.

Top Financial Planning Articles

Displaying items 12-22
  • Should I Invest in BP?

    Paul...I have a little bit of extra savings and I would like to get started building an investment portfolio. It seems to me with all the negative publicity that BP might be an excellent stock to buy. Sooner or later this huge oil spill thing will end and...
  • 6 ways to conquer your inner shopaholic

    6 ways to conquer your inner shopaholic
    I'm working on an episode for a new TV show with Dr. Drew Pinsky called "Lifechangers." Dr. Drew sent me in to talk to a woman who is a shopaholic, or in Dr. Drew speak, has an impulse control disorder. It's been incredibly challenging, but we're making...
  • Inherited property creates capital loss in this case

    Q: My mother died in November 2009, and I inherited her house. The house was put in my name, and I was able to sell it in early 2010. Because of market conditions, the sale price ended up below value and I had to pay about $8,500 in closing fees. Would...
  • Forgiven mortgage debt can be excluded from income

    Q: I executed a deed in lieu of foreclosure this year. I received the original mortgage document filed with the county stamped paid in full. Will I still receive a 1099C for the forgiven debt, even though the note is marked paid in full? If so, will the...
  • Ask an Expert: Opting out of Social Security benefits

    Q: In 1997 at age 65 I was employed and opted not to take Social Security benefits. I was told that delaying payments would increase the amount I would eventually receive. At age 70 I applied for the benefit and was told that I had lost a lot of money...
  • Short sale will not affect 401(k)s, IRAs

    Q: Are retirement accounts such as IRAs and 401(k)s exempt from consideration during a short sale? Also, can a lender attach any funds associated with retirement accounts? D.D., Ormond Beach A: You will need to ask your specific financial institution...
  • Yields will often vary on funds, CDs, bonds

    Yields will often vary  on funds, CDs, bonds
    Q: Do money market funds, certificates of deposits and bonds pay the same amount of interest? I.G.C., 35, Altamonte Springs A: Typically not. Since money market funds are liquid and don't fluctuate in value, they yield the lowest of these three. The...
  • Can existing plan be transferred to retirement account?

    Can existing plan be transferred to retirement account?
    Q: Can I roll my 457 plan — a non-qualified, deferred-compensation plan — from the city of Orlando into an individual retirement account? I receive Social Security and two pensions. My 457 is in a stable-value fund, and I don't like risk. Is...
  • Bonds could be tax-free when paying for college

    Q: I have EE Savings Bonds and would like to know if I can use them for my son's education without having to pay taxes on them. M. H., Oviedo A: An educational tax exclusion is available for Series EE and bonds issued in 1990 or later if certain...
  • Facing job loss, pay off high-interest credit card

    Facing job loss, pay off high-interest credit card
    Q: My husband might lose his job soon. How can we handle the $15,000 we still owe on three credit cards? We can pay extra toward the balance, and one card has a smaller balance than the other two. — R. M. C., Winter Park A: My recommendation would...
  • 401(k) withdrawals can be made without penalty

    401(k) withdrawals can be made without penalty
    Question: I retired from Lockheed Martin this year, I am older than 55 but younger than 59 1/2. Can I make withdrawals from my 401(k) that are not equal periodic payments without paying a 10 percent penalty? — J. V., Orlando ƒz Answer: You can avoid...