03 May How am I taxed if I convert my inherited IRA to a Roth?

Posted at 05:01h in Ask NJMoneyHelp, Retirement, Taxes

Most people can't make a direct conversion of an inherited IRA. ...

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03 May Will Congress raise the age for taking money from an IRA?

Posted at 05:01h in Ask NJMoneyHelp, Retirement

An age change would affect your Required Minimum Distributions. ...

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02 May I never paid into Social Security. Can I get benefits anyway?

Posted at 05:02h in Ask NJMoneyHelp, Retirement

There are several ways to qualify for Social Security benefits. ...

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02 May I want crypto. My wife thinks I’m crazy. What do we do?

Posted at 05:01h in Ask NJMoneyHelp, Retirement

There's a way to find a middle ground when spouses disagree. ...

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29 Apr Can my son deduct sales tax on a new car?

Posted at 05:01h in Ask NJMoneyHelp, Taxes

Even if you can take the deduction, it may not be the most beneficial choice. ...

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29 Apr Can I offset gains with losses on my N.J. tax return?

Posted at 05:01h in Ask NJMoneyHelp, Taxes

N. J. doesn't allow carrying forward capital losses to offset future gains. ...

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28 Apr What’s the best place to put my cash savings?

Posted at 05:01h in Ask NJMoneyHelp, Retirement

Interest rates on savings accounts remain paltry, even with inflation. ...

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28 Apr What taxes will my mom owe when she sells her house?

Posted at 05:01h in Ask NJMoneyHelp, Real Estate, Taxes

Several items come into play to calculate taxes on a home sale. ...

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27 Apr If I don’t live in N.J., do I owe tax on this inheritance?

Posted at 05:01h in Ask NJMoneyHelp, Taxes

You won't be taxed by both states on inherited funds. ...

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27 Apr Should I pay college loans with money from an inherited IRA?

Posted at 05:01h in Ask NJMoneyHelp, College, Credit

Consider the tax consequences when you take money from these investments....

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