I invested in a LLC that went bellyup. The last K-1 I received from them was 2 years ago and reported a passive ordinary income loss. I know this loss can only be offset by other passive income, of which I have none. My question is, does this passive...read more
I am just starting out and have a pretty decent credit score. I’m also starting save up some money but I like to plan ahead. What are a few things you guys would suggest to start investing? What should I look for?
My college student made a deposit in their Roth IRA that was credited for 2018 and should have been for 2017. The deposit was made on April 17, 2018. I didn't worry about it, figuring she would have a job at some time during 2018. Well, guess what no...read more
I am near the the top of the 12% tax bracket for 2018 income. How do I calculate the max withdraw from my 401k without paying 22% on it? I retired in May and made the maximum contributions to my 401k in 2018 before I retired. I have two pensions and ...read more
If I invest $10,000 in an individual taxable brokerage account for growth at moderate risk between stocks and bonds. And left for lets say 5 years (hypothetically speaking), it grows to lets say $15,000 within that timeframe. If i then attempt to mak...read more
My child is taking some dual enrollment college classes while still in high school. A computer is required for the courses. Could I use funds from his 529 plan to purchase a computer as a legitimate expense?
I have long term capital gains from stock sale, used to purchase my home. These are taxed at 15%. I currently own stocks with capital losses (both short and long term). I intend to sell these stocks at a loss because they are bad investments. My ques...read more