Photo by: lyndsey_matthews
Hello Hank, I see you have a Universal Life Insurance policy also. Do you know if it is taxed when I “expire”? Barney from North Carolina
Hey Barney, I actually DO know the answer to that. I checked with my accountant to be 100% sure and he agreed with me that [...]
Mar 14, 2010 | 0 comments | View Post
Photo by: herzogbrMy old man used to tell me, “Hank, you want to find yourself a CPA that will walk you RIGHT UP TO the door of jail, but not let you go in.” I think that’s pretty good advice – take what you can, when you can (legally) because the Government is not [...]
Mar 05, 2010 | 0 comments | View Post
A question as old as college I suppose. Colleges need to make money too! What better way to market it than to say you’re DEFINITELY make more money by attending it. Colleges have marketing departments also; they’re businesses just like Walmart and Macys. They’re in the game to make money. [...]
Feb 21, 2010 | 6 comments | View Post
Photo by: dittaeva
Dear Hank – My wife is a stay at home mom. With a traditional IRA she is eligible for the “spousal IRA.” Can she open a Roth IRA as her spousal IRA, meaning I can invest $8,000 of my income, with half of that in her name? – Peter from Mississippi
Hey Peter [...]
Feb 18, 2010 | 0 comments | View Post
Photo by: Seamus Murray
Another reader request asked:
My mother is 57, has no retirement $$$, and works full-time making about $25,000/year. I want to open a ROTH for her for Christmas, can I? – Shannon from Montana
Hello Shannon – how nice of you to think of Mom for the holidays! Congrats to [...]
Feb 15, 2010 | 0 comments | View Post