Business & Finance - 29 January 2007

I have $7K due on my Visa, from 2 years of trying to make a living selling real estate. I am not an overspender and am now in a stable job with a regular paycheck. I have $60k in my Schwab IRA, rolled over from jobs where I put the maximum away since my 20's. I know everyone advises against it, but I'm paying 16.24% on the Visa ($1000 per year).
I propose to withdraw $8,000 from the IRA, which would be penalized about 38% (10% penalty + 28% taxes), giving me about $5,000 toward the debt.
I propose that by keeping my credit clean and saving that $1000/year will be worth it to me when I go to buy a house using the $52,000 to borrow against.
It's my money, and I would have and will pay the income tax on it at some point - to me 10% seems like a better penalty than the 16.24%.
Theoretically, I can put the money "back" under the $4,000 allowed per year.
Please advise! Having this debt seems to hurt a lot more than losing money I never really feel like I had in the first place.

2007-01-29 11:49:17 · 8 answers · asked by Nan 1 in Personal Finance

One is under My Name, IV. and the other is My Name, V. Both have the same social security # and account #. There should be no credit report for My Name, V because that person doesn't exist. That report shows accurate credit info that applies to me (I am IV) but it is very old. It looks like I have no credit other than student loans. This is what creditors are seeing and I keep getting denied for loans since I have no credit history. I contacted Equifax and they said they are "unable to combine your multiple credit files due to the amount of data in each." Does anyone have any ideas where I can go from here??

2007-01-29 11:49:15 · 5 answers · asked by TF 1 in Credit

I realized that Equifax has 4 accounts open for me (correct) and TransUnion and Experian only two. Is there something I can do, can I report it to them or only lenders are allowed?

2007-01-29 11:49:14 · 1 answers · asked by Alanna V 2 in Credit

PV being present value, FV future value and time. Also, how would one figure out the amount of time it takes for an amount to reach a certain amount...let's say $400 to 1,000 at an interest rate of 4?

2007-01-29 11:48:33 · 3 answers · asked by Hector P 1 in Renting & Real Estate

ABC Corp was granted a patent on a product on Jan 1, 1998. To protect its patent, the corporation purchesed on Jan 1, 2007 a patent on a competing patent which was orginally issued on Jan 10, 2003. Because of its unique plant, ABC Corp does not feel the competing patent can be used in producing a product. The cost of the competing patent should be:

a) amortized over a maximum period of 20 years
b) amortized over a maximum period of 16 years
c) amortized over a maximum period of 11 years
d) expensed in 2007

WHICH ONE IS IT???

2007-01-29 11:47:17 · 1 answers · asked by Lady D 3 in Other - Business & Finance

My hubby and I are filing joint. and I only made 1,600. last year.. Do I have to report that?? What is the law about that?? I was always told under $2000, that you didnt have to, but I wanted to be sure.. Does anyone know a website to go to in order for me to find out more tax info.. Thank You..

2007-01-29 11:46:43 · 3 answers · asked by Mommy of 2 5 in United States

i work in a small factory, and i work in the same area with sex offerder and i catch him staring at me(and i meen STAIRING) or the other woman i work with. i found out that he raped his own daughter at 14-15 yrs old .and im 19 and its mostly me that he is staring at the guys say at work! i asked my bosses to get rid of him but they say they cant! and thay also say that they have seen him staring at the guys too. the guys i work with say that they will watch out for me but i have been somewhat stuck in a room by him or a office! and he really scares me! what should i do? why cant they get rid of him? how can i feel safe at my own work place?!
THIS IS SERIOUS I DONT NEED RUDE OR MEAN COMMENTS I'AM IN NEED OF ASSISTANCE FOR HELP ON WHAT I SHOULD DO TO FEEL SAFE AT MY OWN WORK PLACE! thank u (ps sorry for any mispelled words)

2007-01-29 11:46:40 · 18 answers · asked by pabytaw2 2 in Careers & Employment

2007-01-29 11:42:55 · 4 answers · asked by Anonymous in United States

2007-01-29 11:42:24 · 8 answers · asked by Anonymous in Careers & Employment

2007-01-29 11:41:27 · 3 answers · asked by Vanessa H 2 in United States

It has never been remodeled, and there are several in town like it.From first look you would think it was an apartment. Several people have told us that is the was just the way they built them, however the why is driving me nuts!!

2007-01-29 11:41:15 · 6 answers · asked by candlhome 1 in Renting & Real Estate

I'm thinking foreign currency would be the best thing to invest in, but I don't think I have enough for the minimum. Oh, and please no "Invest in this website, and make $50000000 in fifteen seconds!" Type answers, Thank You!

2007-01-29 11:41:12 · 10 answers · asked by Anonymous in Investing

2007-01-29 11:39:37 · 4 answers · asked by Informed New Yorker 2 in United States

2007-01-29 11:39:33 · 5 answers · asked by girly#1 2 in Renting & Real Estate

We are in our late 20s homeowners but (unforunatley)not very rich. We have children,and live in N,Ireland.

2007-01-29 11:39:01 · 12 answers · asked by Anonymous in Credit

I am leaving a company and I have purchased things through the company on a personal account. They are saying I need to pay it off before I go. I cant do that without breaking myself financially to the point of being homeless (I owe over $600). Can they legally deduct this from my last paycheck or should I just tell them to f themselves?

2007-01-29 11:37:20 · 5 answers · asked by Anonymous in Small Business

does anybody know how old you have to be to get like a cosco, sam's club, or bj's card.

2007-01-29 11:36:43 · 1 answers · asked by youngson141 2 in Corporations

I need to earn over $100 for my dance recidel! im 13 how do I make that much?

2007-01-29 11:36:25 · 3 answers · asked by emo_4_life 1 in Other - Business & Finance

This is embarassing to admit, but one of my credit cards' APR is 33% (long story)! I have signed up for additional cards with 0% balance transfer rates. Any suggestions on how I can better approach this situation? Reducing spending has been implemented.

2007-01-29 11:35:19 · 6 answers · asked by Juse 2 in Credit

my income for 2006 was $ 33,458.16.
taxes withheld: federal $ 2,379.60
Masasachsetts: $ 455.71.
married,retired filing separetely, therefore unable to file itemizing deductions...any help will be appreciated

2007-01-29 11:34:50 · 3 answers · asked by Anonymous in United States

i want to get paid for my opinions there are plenty of american sites that do this but i can't find any in the uk anyone know of any??

2007-01-29 11:34:35 · 8 answers · asked by Anonymous in Personal Finance

2007-01-29 11:33:45 · 7 answers · asked by Anonymous in Personal Finance

i am a college student and last year i worked at two jobs. my rough estimate for my income is around 9,500 to $10,000.


how much will i roughly get back? thanks!!! :)

2007-01-29 11:31:59 · 2 answers · asked by Anonymous in United States

I have over 5 years experience as an oracle developer/dba and I would like to find a telecommute job.

2007-01-29 11:28:20 · 1 answers · asked by Programmer 1 in Careers & Employment

Im a college kid who is not very good at saving money... I tend to not be able to control urges to buy things usually being food or maybe a book. How do I control that urge to buy something?

2007-01-29 11:28:13 · 6 answers · asked by Samiam 4 in Personal Finance

I dont have an account in India but would like to cash a third party cheque that is already stamped "Not NEgotiable" Can I have the term "net negotiable" voided by getting the payer to cross it offa and sign it again? Or what else can I do?

2007-01-29 11:24:26 · 6 answers · asked by Prav 4 in Personal Finance

I really want to go to law school but be self employed afterwards. I am a single parent and really want to provide him a stable homelife as possible (being there for his games, plays, homework, etc.). I would really like to do legal research, family law, ip, or environmental law or estate law. Can I do those on my own with a 9 hour day or is going to law school pretty much a waste of time?

2007-01-29 11:23:06 · 4 answers · asked by operaphantom2003 4 in Careers & Employment

2007-01-29 11:22:47 · 4 answers · asked by braja d 1 in Other - Business & Finance

2007-01-29 11:22:15 · 2 answers · asked by jeff m 1 in United States

its the house thats next to Vacant lot that is ownd by Lemmon Properties

2007-01-29 11:20:49 · 1 answers · asked by Anonymous in Renting & Real Estate