11 Nov We’re newly retired teachers. Will a 401(k) affect our Social Security?

Posted at 06:02h in Ask NJMoneyHelp, Retirement

Your overall income can impact how Social Security is taxed. ...

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11 Nov Does my friend need to pay his dead wife’s credit card bill?

Posted at 06:02h in Ask NJMoneyHelp, Credit

You may be responsible for a spouse's debt. It's all in the details. ...

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10 Nov We have jobs. Can we take from our 401(k) plans without penalty?

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

The CARES Act gives some investors the opportunity to withdraw funds without penalty. ...

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10 Nov Are trust distributions really taxed at 37%?

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

The terms of the trust will determine how and when funds are paid to beneficiaries. ...

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09 Nov How long do I have to keep birth certificates, tax returns?

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

There are good reasons to hold onto important documents. ...

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09 Nov We’re separated. Should we still file our tax returns together?

Posted at 06:02h in Ask NJMoneyHelp, Taxes

There can be good reasons to file separate tax returns if you're no longer together. ...

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09 Nov Nov. 9, 2020

Posted at 06:02h in Enewsletter Archive, Uncategorized

NJMoneyHelp.com's eNewsletter for the week of Nov. 9, 2020....

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06 Nov We’re divorcing. What will happen to this 401(k)?

Posted at 06:02h in Ask NJMoneyHelp, Retirement

Equitable distribution will determine who gets what in a New Jersey divorce. ...

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06 Nov If I sell my home and rent instead, do I pay taxes on the profit?

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

You may not have to pay any tax, depending on the details. ...

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05 Nov I lost my job but not from COVID. Will I pay a 401(k) penalty?

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

The CARES Act waived penalties for early retirement withdrawals. ...

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