03 Mar Do I have to sell securities before taking money from IRA?

Posted at 11:10h in Ask NJMoneyHelp, Retirement

You can take securities out of your IRA, but you have to pay the taxes. ...

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02 Mar Are these college savings really taxable in New Jersey?

Posted at 12:13h in Ask NJMoneyHelp, College, Taxes

New Jersey treats Coverdell education savings accounts differently from the feds....

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02 Mar March 2, 2020

Posted at 12:10h in Enewsletter Archive, Uncategorized

NJMoneyHelp.com's eNewsletter for the week of March 2, 2020....

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02 Mar I’m disabled. Can I do a Roth IRA? Should I do a rollover?

Posted at 12:04h in Ask NJMoneyHelp, Retirement

You need earned income before you can contribute to an IRA. ...

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28 Feb What changes for inherited IRAs under the SECURE Act?

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

Under the new law, you have to take distributions over 10 years. ...

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28 Feb What tax is due on sale of destroyed home?

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

There are several tax scenarios to consider when you sell land. ...

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27 Feb I’m selling a foreclosed home. Do I pay the exit tax?

Posted at 06:06h in Ask NJMoneyHelp, Credit, Real Estate

The exit tax is really an estimated tax on the sale of a home. ...

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27 Feb Should I gift my assets to avoid gift and estate taxes?

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

You can use annual gifts to transfer property to your heirs. ...

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26 Feb Under the SECURE Act, can I convert to a Roth IRA?

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

A Roth conversion can be a way to save taxes for your heirs. ...

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26 Feb Federal and state income aren’t a match on this W-2. Why?

Posted at 06:02h in Ask NJMoneyHelp, Taxes

There are some items that will be different for federal and state purposes. ...

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