Financial Advice

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Q&A Financial Advice

I am turning 50 in a month and have no savings or investments, due to injuries I suffered on my last tour in Iraq and the ensuing fight between the military and my civilian job to pay me while recovering. As a result I went without pay for several years and burned through our savings and investments...
Do the rate changes for a Term Life Policy, of is the value policy reduced at a certain age?Please give me an answer for a 'Universal' and a 'Whole Life', as asked above?
We currently owe a couple thousand on credit cards, but the interest is killing us. We both have credit scores in the 700's, but we have been unable to take out a loan with a lower interest rate to help pay them off. what is the best way to get credit debt paid off?
looking for financial expert to help me on the best advice to start saving for retirement or what type of plan to put toward to help me in the long run. I am not too familiar with all the plans out there. I am 32 years old and I am starting late.
May I use my USAA 529 account to pay for private high school?
My wife is getting ready to retire next year. She has the option of getting her pension monthly or taking a lump sum (approx 250k). Are there advantages/disadvantages to taking the lump sum
Should I roll over my old employers 401k into my new employers 401k or transfer it into a roth ira?
I retired at 56 and have an AF pension and a federal pension. I plan on taking SS at 62, I also have substantial savings in both TSP and mutual funds. The question is should I draw down my TSP first and if I do not need the $ Reinvest in my mutual funds or draw the mutual funds first? I don’t want t...
Currently my wife and I both put 15% into a 401K with about 30 more years to retirement at 67. We have no major debt except a mortgage. Should we put more into our 401Ks, should we pay down our mortgage or should we start a 529 for our 2 kids college (oldest is 2.5 years)?
We live paycheck to paycheck. We do not have any debt but we can not save any money. We are a family of 4. Should three hundred a week be enough for food and misc? (not including any bills) I keep track of every penny but the money just goes. I feel like we should be able to save but I cant figure i...
Can my wife open an account on USAA.com and open her own Roth IRA rolling her TSP into it? She was a DOD civilian but is no longer working for the gov. She is not employed currently either but from what I understand, I can contribute to hers as long as we are filled jointly and make less than a cert...
Is it the right time to buy a house? I used to live in an apartment, and I realized I wasn't ever going to save any money to buy a house. I decided to move in with/rent a room from a friend so I could save money. He is doing some renovation on the house, so we all have to move out. I have $30,000 si...
What are the penalties for cashing out a Roth IRA early (I am 54 years old). My wife and I want to pay down a large personal loan.
Hello, I would like to invest $50,000 for about 1 to 3 years. I don't plan on withdrawing the money during that time, but it should be available if there is a need. Do you have any suggestions? Thank you!
If I apply for an auto loan, do I have to take it right there or can I wait and look around?
Should I use my mutual fund to pay off my mortgage?
I am retiring from active duty and want to know if I need to purchase the SBP annuity or if I should take that same amount, purchase a term life policy and invest the difference for the next 30 years. The SBP annuity will cost over $400 per month. I will be 54 yrs old upon retirement. Could I get a ...
Hello. We recently had solar installed and of course we are making a payment on it. I have been hounded about refinancing our home, offering amazing amounts of money. Should I refi and use only enough of the "equity money" to pay off the solar, effectively rolling that cost into the house(I Think)? ...
Hello, I'd like financial advice on managing my retirement funds. When I retire, I will be receiving a pension equivalent to what I earn today (100 percent). What I would like to do is cash out 33.33 percent of my retirement as a lump sum payment and use these funds to pay off my mortgage. With the ...
Social Security question. My wife is 62 and could begin drawing $600/month now vice her full benefit of $800 at full retirement age. I'm 58 and ~10 years away from retirement. My benefit will be around $3600 meaning her spousal benefit would normally be $1800. If she takes her benefit now, what is t...