I have six brothers and sisters. My youngest brother, 50, has his name on the title deed to the family home, as do my two deceased brothers. Two sisters got married and withdrew their names from the act. One of our sisters was on the title, but she also passed away. My brother says, “It … Read more
In your article “I want to access my 401(k) sooner. Is a loan the only way? you wrote that hardship distributions were “…available only if the participant has an “immediate and significant financial need” and that the distribution cannot exceed the amount “necessary to satisfy the financial need.” Cher Kent, There is some definition of … Read more
I am 56 years old and semi-retired. I was a single mother for many years, but managed to find success during over 30 years of working in corporate America. My total net worth is approximately $3.4 million, including my home, investments, and cash. I will write my last tuition check at the end of this … Read more
My wife and I are both retired. Right now we have an IRA worth over $800,000, which is intact, and stocks worth $600,000. We receive pensions and Social Security, which amount to about $9,000 a month, but we have two mortgages that are not being paid off. Our primary mortgage has $42,000 remaining with an … Read more
I’m a 76-year-old widow with a $153,000 mortgage, $73,000 in investments, and $20,000 in a high-yield savings account. My Social Security and very small pension provide me with a monthly income of $3,400 per month. I save about $400 per month, split between my bank savings ($100), my high-yield account ($200) and my investments ($100). … Read more
I am a 59 year old retired union construction worker with a full pension of $80,000 per year with no COLA. I also receive Social Security Disability benefits for $3,400 per month. My wife, age 59, is an executive assistant to the director of operations at a large hospital and her income is $68,000. My … Read more
My wife and I are both retired. Currently we have an IRA worth over $800,000 that is intact and stocks worth $600,000. We receive pensions and Social Security, which amount to about $9,000 a month, but we have two mortgages that are not being paid off. Our primary mortgage has $42,000 left with 2.5% interest, … Read more
My husband is 68 years old and I am 74 years old. He earns $250,000 a year. We rent a townhouse in a very upscale suburb in the Houston area, but our last rent increase was $300 a month! My husband wants to find a house for no more than $300,000 because he doesn’t want … Read more
As inflation continues to wreak havoc across the country, Canadian woman works 70 hours to continue her life as before, reports Radio-Canada. Kelly Young, a young grandmother from Newfoundland and Labrador, juggles two jobs to pay her bills and maintain her standard of living. During the day, she works in administration in an engineering company … Read more
My husband and I just created a trust with the help of an attorney. I’m 68 and he’s 76, and we’re both in good health. I have a 26 year old married daughter. My partner has no children. He and my daughter don’t get along, and so far neither has been able to mend the … Read more