• Any benefit to convert a traditional IRA to ROTH for 80 yo with 1M$ balance?

    Best answer: If you convert to a Roth, you pay income tax on the ENTIRE balance this year. The primary benefit to converting is that there is not tax on FUTURE earnings in the account. At age 80, it is significantly less likely those earnings will be sufficient to make up for the immediate taxes. If you were 20 or 30, I would... show more
    Best answer: If you convert to a Roth, you pay income tax on the ENTIRE balance this year. The primary benefit to converting is that there is not tax on FUTURE earnings in the account. At age 80, it is significantly less likely those earnings will be sufficient to make up for the immediate taxes.
    If you were 20 or 30, I would say make the conversion. At 80, you are probably just as well off keeping the plan you have.
    6 answers · Personal Finance · 11 hours ago
  • I live in North Carolina and went to pay my landlord rent in cash this morning as I have done for the last six months and she refused it?

    Can my landlord refuse my cash and tell me I have to use a debit card without notice a friend told me that since rent was refused this month i shouldn’t have to pay this month can someone tell me if this is true
    Can my landlord refuse my cash and tell me I have to use a debit card without notice a friend told me that since rent was refused this month i shouldn’t have to pay this month can someone tell me if this is true
    19 answers · Renting & Real Estate · 1 day ago
  • I lost my job and am losing my mind?

    I’m 20 years old and have no money in my bank account. I was just fired from my job and can’t pay my rent, can’t afford to eat, and I’m now $3000 in debt. My car will probably be repossessed in the next month. My rent is paid for this month but I put it on a credit card and obviously can’t afford to pay the credit... show more
    I’m 20 years old and have no money in my bank account. I was just fired from my job and can’t pay my rent, can’t afford to eat, and I’m now $3000 in debt. My car will probably be repossessed in the next month. My rent is paid for this month but I put it on a credit card and obviously can’t afford to pay the credit card. I feel depressed too and like I am stuck in a rut. I’ve never been a depressed person until now. So I’ll probably end up homeless until I find another job and no my parents will not help me out. Has anyone else struggled like I have? How do I survive without food and shelter?
    77 answers · Personal Finance · 5 days ago
  • I inherited my mom s house in PA. My neighbor wants to buy it as an investment property. Do I need a real estate agent?

    If we can agree on a sales price, can not use a real estate agent (and avoid paying commission) and hire a real estate attorney to handle all aspects of the transactions?
    If we can agree on a sales price, can not use a real estate agent (and avoid paying commission) and hire a real estate attorney to handle all aspects of the transactions?
    13 answers · Renting & Real Estate · 9 hours ago
  • How long can I stay after landlord send me an eviction notice?

    My lease is due end of this month. My landlord wants me to sign a new lease. I don't wantto sign it because I bought a house and ready to move in, in 3 months from now. Ther landlord is not giving me the option to pay month to month for the next few months. What's the consequences of I stay and not sign... show more
    My lease is due end of this month. My landlord wants me to sign a new lease. I don't wantto sign it because I bought a house and ready to move in, in 3 months from now. Ther landlord is not giving me the option to pay month to month for the next few months. What's the consequences of I stay and not sign lease. He probably goingto send me an eviction notice. How much time can i stall? Do u still have to pay rent after the eviction notice?
    17 answers · Renting & Real Estate · 1 day ago
  • Can I break a lease in Texas if the apartment isn’t what was expected?

    My roommate and I were shown a model apartment before signing a one year lease. The problem is that the actual apartment looks nothing like the model we were shown. The apt is smaller, there’s no carpet in the bedrooms, the dishwasher is outdated and it looks like whoever lived there before didn’t take care of it.... show more
    My roommate and I were shown a model apartment before signing a one year lease. The problem is that the actual apartment looks nothing like the model we were shown. The apt is smaller, there’s no carpet in the bedrooms, the dishwasher is outdated and it looks like whoever lived there before didn’t take care of it. Is there any to get out of this lease for this reason?
    16 answers · Renting & Real Estate · 1 day ago
  • How much money do you need to livr off the stock market?

    If i live in the cheapest place in the us, what would be money i need to retire of off putting my money in the stoxk market?
    If i live in the cheapest place in the us, what would be money i need to retire of off putting my money in the stoxk market?
    15 answers · Investing · 1 day ago
  • How do you get a job at marshalls?

    I applied in person but didn't get a call back for an interview I have 6months work experience
    I applied in person but didn't get a call back for an interview I have 6months work experience
    7 answers · Other - Careers & Employment · 2 days ago
  • Am I just being an ungrateful biarch or do I have good reason to be angry ?

    Best answer: You and your husband spent a long and lots of time with the architect drawing up the plans to your new house you and your husband want to build. You spent a lot of money in having these plans put to paper and drawing the house to scale. Your apprehension about the size of the house should have been verbalized,... show more
    Best answer: You and your husband spent a long and lots of time with the architect drawing up the plans to your new house you and your husband want to build. You spent a lot of money in having these plans put to paper and drawing the house to scale.

    Your apprehension about the size of the house should have been verbalized, during the time frame you and your husband was speaking with the architect. There was sufficient time to make your desires known at this time.You failed to verbalize your fears at the time you and your husband was finalizing the drawing of your house you want to build.

    This is normally called buyer's remorse. Once you have made a decision on large items you would purchase, doubts will enter your mind about your decision, the cost of the item, the number of years you would be required to pay for this item and other doubts you might imagine. This is common, you are not the only one that have these feelings. Normally when individuals make this type of decision that require huge amounts of money or obligation to pay a debt this size, they go temporarily insane.

    You are not in need of a mental health specialist, you are a normal person, that is going through what others have gone through.

    Your husband is correct the decision has been made. You have invested a lot of money into this project, that you would waste,by changing your mind. Once a decision has been made, you would want to follow through with your decision. You do not want to make this a trait for each item you purchase.

    What has changed financially. since you have had the plans drawn up for the building of your house. This would be a reason for adjusting your plans. Nothing have changed financially.

    Most individuals that purchase homes have a 20- or 30 year mortgage, this is not uncommon. By the time you are considering retiring you should have paid the mortgage off or be close, if you have not refinanced your mortgage. This is an excellent plan.

    Normally if a house has been valued at $300,000 before it has been build, the value of the house would be of a higher value, once built.

    Get over this feeling, you and your husband have made a great decision about the purchase of your house and your financial future,

    Your decision you would have to make now is the purchase of new furniture for your new house and the decoration. This will be the fun part, a woman with money shopping. Sort of like paradise.

    I hope this has been of some benefit to you, good luck/

    "FIGHT ON"
    18 answers · Renting & Real Estate · 2 days ago
  • Quit or ask for a raise and/or ask for a promotion?

    I work at a restaurant(Bob Evans) and am employed currently as a dishwasher, I've had this position about a year and a half and am still making minimum wage, my job morale has slowly diminished to the point where I don't even want to work and when I do my job performance is extremely sluggish, I'd be... show more
    I work at a restaurant(Bob Evans) and am employed currently as a dishwasher, I've had this position about a year and a half and am still making minimum wage, my job morale has slowly diminished to the point where I don't even want to work and when I do my job performance is extremely sluggish, I'd be behind, I'd be more lazy compared to what I used to be, I'd start taking a lot of vacation days(especially on the weekends, the days I know I hate working the most). My sluggishness would be tripled on days where we're already backed way up on like holidays and such. Handling management has been a chore(I used to like all but one manager, now I only like one). Do you think a raise and/or promotion might help or that it might be time to get a new job?
    10 answers · Other - Careers & Employment · 9 hours ago
  • How should I respond when my boss put a folder on my desk & says here's the folder from John Smith & quickly walks away. And I have no idea?

    what to do with John Smiths folder. Then a few hours later my boss will usually ask me if why I didn't call John Smith to do a certain thing. Today my boss did this and I asked him why did you tell me that you put John Smiths folder on my desk. My boss said I need you to enter a certain thing into the... show more
    what to do with John Smiths folder. Then a few hours later my boss will usually ask me if why I didn't call John Smith to do a certain thing. Today my boss did this and I asked him why did you tell me that you put John Smiths folder on my desk. My boss said I need you to enter a certain thing into the computer. I said in an annoyed tone of voice next time please ask me to enter this info into the computer. Instead of just telling me that you put his folder on my desk. Because I have no idea why you put that folder on my desk.
    11 answers · Other - Careers & Employment · 19 hours ago
  • How can you continue buying houses to rent out?

    I'm 25, and I'm wanting out of the paycheck to paycheck lifestyle. I need help understand how you can get multiple properties to rent out? From my understanding banks dont just hand out money over and over. I am a homeowner of a 140k$ house, I am thinking about renting out to maybe get another. But If I am... show more
    I'm 25, and I'm wanting out of the paycheck to paycheck lifestyle. I need help understand how you can get multiple properties to rent out? From my understanding banks dont just hand out money over and over. I am a homeowner of a 140k$ house, I am thinking about renting out to maybe get another. But If I am working hourly at the moment how will I get another house when im technically 130k+ in dept from my home. Lets say I have 5 houses. at 100k each Now im 500k in dept, even though i might be makin a profit every month from renters, it isnt gauranteed money, the tenant can leave at any given moment. So how is it people obtain 100's even 1000's of houses?
    14 answers · Renting & Real Estate · 3 days ago
  • Why are welfare recipients allowed to abuse the system?

    I think that in order for a pregnant woman to be eligible for welfare, she needs to bring either proof that she was raped (aka police report) OR proof that she got laid or fired off from her job.
    I think that in order for a pregnant woman to be eligible for welfare, she needs to bring either proof that she was raped (aka police report) OR proof that she got laid or fired off from her job.
    16 answers · Corporations · 2 days ago
  • Which of the following statements is true of business ethics?

    1All business actions deemed unethical by society are necessarily illegal. 2Business ethics and personal ethics are synonymous. 3The acceptability of behavior in business is determined by not only an organization but also its stakeholders. 4Business ethics is independent of an organizational culture. 5Profit in... show more
    1All business actions deemed unethical by society are necessarily illegal. 2Business ethics and personal ethics are synonymous. 3The acceptability of behavior in business is determined by not only an organization but also its stakeholders. 4Business ethics is independent of an organizational culture. 5Profit in business is the only glue that holds relationships together.
    4 answers · Other - Business & Finance · 2 days ago
  • You think $ 80,000 a year is a good income these days.?

    I do not have a house of my own.
    I do not have a house of my own.
    9 answers · Financial Services · 7 hours ago