Ask NJ Money Help

15 Oct If I take from my Roth IRA, will I get the pension exclusion?

Posted at 06:02h in Ask NJMoneyHelp, Retirement, Taxes

If you have income of more than $100,000, you lose this benefit. ...

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15 Oct Should I take a large distribution from my IRA?

Posted at 06:02h in Ask NJMoneyHelp, Retirement, Taxes

While you can take a penalty-free withdrawal, you will still owe taxes. ...

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14 Oct Will the IRS know if I’m truthful about early 401(k) withdrawals?

Posted at 06:02h in Ask NJMoneyHelp, Real Estate, Taxes

Early withdrawals under the CARES Act must be for a COVID-19 reason. ...

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14 Oct Can I sell my long-term care insurance policy?

Posted at 06:02h in Ask NJMoneyHelp, Insurance

While you can sell a life insurance policy, LTC insurance doesn't work that way. ...

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13 Oct Is this tax-saving strategy for college savings legal?

Posted at 06:02h in Ask NJMoneyHelp, College, Taxes

College accounts aren't considered charity, so this strategy won't work. ...

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13 Oct What happens with taxes while I’m working at home?

Posted at 06:02h in Ask NJMoneyHelp, Taxes

If you normally work out of state but now you're home, here's how it works. ...

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12 Oct Will this 529 plan hurt chances for financial aid?

Posted at 06:02h in Ask NJMoneyHelp, College

What matters is when money is distributed from college savings accounts. ...

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12 Oct Is there a limit on how long I can be furloughed?

Posted at 06:02h in Ask NJMoneyHelp, Retirement

Companies don't usually furlough if they expect to ultimately let you go....

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