Maybe you purchase a lottery ticket every once in a while and dream of your life after winning the jackpot. If only you had millions and millions of dollars… The odds of winning the lottery may be minuscule, but there are a number of other times when you may receive a more modest financial windfall…. Read More
You may have heard of reverse mortgages as a way for seniors to tap the equity in their homes to pay for living expenses, but there are other ways that homeowners are using their homes to get by. Many seniors are on fixed incomes, with Social Security payments providing a significant portion of their monthly… Read More
A debt to the IRS can create enormous problems. If the IRS files a Notice of Federal Tax Lien, your credit scores will tumble. And you’ll likely find out that the IRS has a wider variety of collection tools at its disposal than most other creditors. So what happens if you come into some money,… Read More
Without a will, a lot of money may be eaten up in the process of deciding who gets what. That’s what happened to Marilyn Monroe’s estate after she died without a will. Her heirs got around $100,000, while $1.5 million was consumed during the 18 years of probate fights.
Good thing I tried this out early…after three hours of anxiety I decided that doing my own taxes is not going to work for me. Between a stock sale a 401(k) rollover and an inheritance…I was way in over my head. I may be a credit expert but I am not a tax genius and I most definitely do not understand cost basis analysis. Because I got started early, I still have plenty of time to send in my tax documents to my old preparer. Sometimes it can be better for your wallet and your blood pressure to pay a professional.