Personal Finance - October 2007

My 401K is substantial, was employed for 12 years. Do I have to make annual contributions to a new IRA, once my rollover is established? Can't the IRA act like a savings account? Is there a minimum contribution amount? I know the max is based on adjusted gross income.

2007-10-16 05:55:06 · 5 answers · asked by julie.spouse 1

Hi, I have $5000 at the end of the year. I would like to use it wisely and need someone's advice. Should I use the $5000 to pay a "portion" of higher-interest loan whose balance is at $40000 or should I use the $5000 to "Pay Off" lower-interest loan whose balance is at $4820? Any benefit of paying off the entire loan? Thank you in advance.

2007-10-16 03:51:29 · 4 answers · asked by wc 1

can you borrow on an ira? are there penalties for doing this?

2007-10-16 03:01:47 · 4 answers · asked by dollyvg2002 2

We have just had our mortgage application denied.

The financial advisor has now put the fear of god into us telling me that this was because of a few missed payments on a credit card. These happened over a year ago and this card has now been settled. He said that I had basically been black listed and I will not be able to obtain credit for 5 years!?

I'm feeling extremely depressed and have no idea how to make this better?

2007-10-16 00:40:11 · 11 answers · asked by amydudders 1

Should I take the lump sum or yearly payments and why??

2007-10-15 19:27:59 · 7 answers · asked by Michelle T 1

2007-10-15 15:57:32 · 9 answers · asked by NL 1

I am at the end of my rope with trying to find co-signers or financial institutions that will give loans to people with bad credit. I have other postings here that explain my current situation. however, maybe I do not have a lot on there about how I got into the situation i am in. A few years ago i got very ill, lost my job and had no insurance. My options were to pay my medical bills and get better or pay my debts. We are currently behind because of my fiance's health problems. Now that he is healthy again we are trying to get on the positive side with all of our expenses and we are struggling greatly.

It feels as though my only option is to seek out a private lender. so here I am. I have already had several people try to scam me on here so I know what to look for. If anyone has suggestions of where to fins a private lender that would be great. Oh and I do not qualify for prosper.

2007-10-15 15:56:52 · 3 answers · asked by faith 2

Hello, I have a Discover card with roughly a six thousand dollar balance that is next to impossible to get paid off because of the interest rate. The APR is at a wopping 28.99% due to some late payments I had made from being unemployed. I just recently moved in with a friend to help get this paid off but the payments I make are just not budging this amount! Can someone recommend a good and reputable Visa and/or MC credit card for me with a low or zero APR so I can just make payments with it to get this paid off sooner? I am dying and have to get this paid off! My credit is good. Any help/links would be great asap!

2007-10-15 13:02:18 · 7 answers · asked by Summergirlie 1

I showed them a receipt from the ATM showing my deposit amount and it was not on my statement at the end of the month, they sat me for like half and hour and told me I could go while they "investigate" and they said this happens "rarely"
so pretty much i don't get my money right?

either wait or call cvs and go through alot of crap to get it resended which im not even sure is possible -_- what can i do, having resending the check as a final option.

2007-10-15 12:14:15 · 2 answers · asked by ? 2

What are the benefits of having a checking or savings account with HSBC Bank rather than Bank of America, Washington Mutual, Wells Fargo, or US Bank?

2007-10-15 12:08:52 · 2 answers · asked by ev1go 2

2007-10-15 12:02:28 · 6 answers · asked by Anonymous

I am interested in buying a car from a man in Utah, and I live in Massachusetts. He told me that the only type of payment that he would accept at the moment, was Western Union, but he also told us that our money was under the eBay Protection Plan. He said that he will not be able to touch our transfered money until we receive that car. My question, is how do Western Union and the eBay Protection Plan work together, to avoid this man taking my money and me receiving no car?

2007-10-15 11:52:11 · 3 answers · asked by Chris F 1

Please understand that North Rock Lending does not exist and is a fraudulent company scamming people out of thousands of dollars. If any company asks you for money upfront to secure a loan, that's illegal. I bet they want you to western union it and then need the control number. Ever wonder why they need the control number? They don't have to produce id to collect. North Rock lending is a scam/ fraud fake company probably with terrorist ties.

2007-10-15 11:44:24 · 4 answers · asked by Paul M 1

Ok, I really NEED to earn $155 in 7 days! It CAN NOT go over 7 days!! Please help! My family is short on money so extra chores are out of the question. We are having a yard sale this coming weekend and I have a TON of stuff in it, plus i'm planning on selling refreshments. I doubt I will make that much, so I need some extra Ideas.

Thanks

2007-10-15 11:39:41 · 5 answers · asked by ♥Lucky Me♥ 2

what will it look like?

2007-10-15 11:18:17 · 3 answers · asked by Laredo 7

I am in a rough situation in which I became unemployed, and I'm not able to go back to work till after January of 2008. but in the mean time, I have 4 kids with no income, with the exception of about $100.00 monthly. I do however have good credit and lots of credit cards.
So my question is, have you ever solely relied on using credit cards to fully pay your rent and bills, until you started back working ? I figure the $100.00 could pay the monthly minimum due on the credit card.
Has anyone else had to do this ? if so, what was your experience ???

2007-10-15 11:15:57 · 7 answers · asked by Anonymous

2007-10-15 11:11:13 · 19 answers · asked by Sharon C 1

Imagine you have just won a million dollars in the lottery,but you have to spend all the money in the next three days.How will you do it?

2007-10-15 11:05:17 · 4 answers · asked by Dominican Princess 1

2007-10-15 10:54:54 · 7 answers · asked by s h 1

I am not going out and spending just to spend, I swear...but somehow I can't seem to save it. What should I be doing!?

2007-10-15 10:34:45 · 5 answers · asked by Merktdawg07 1

2007-10-15 10:33:44 · 5 answers · asked by Steven Y 1

2007-10-15 10:14:30 · 2 answers · asked by Stuart 2

I don't know how to get in touch with my former employers, and I need the information today.

2007-10-15 09:52:00 · 3 answers · asked by Felicia A 1

I am considering going back to school to change my career path and I was just wondering what other people are doing to earn money these days, if they like it, and if they feel that they make enough money for what they do

2007-10-15 08:58:57 · 3 answers · asked by hthr_1974 4

off that you had the caused the overdraft with. How do you go about opening a new account with a whole new bank without paying off the other bank? Isn't that illegal or something?

2007-10-15 07:55:16 · 19 answers · asked by keisha 1

I learning about all these credit card companies who don't like customers who have no debt. Is it better to be in debt or not?

2007-10-15 07:25:04 · 6 answers · asked by sleepy 6

2007-10-15 06:15:26 · 21 answers · asked by Anonymous

Who will give a loan?

2007-10-15 05:28:00 · 6 answers · asked by DUnique 1

Who knows personal finance best?

2007-10-15 05:02:49 · 9 answers · asked by Anonymous

My family had a trip planned to Orlando 2 years ago. We had all the money saved up and we were off, but then my husband got deployed to Iraq...of course we did not go without him. Unfortunately our vacation funds was soaked up in his deployment and trying to make ends meet while he was gone. He is home now but we do not have the money to go anymore and we would love to surprise the kids with this trip. It has been a really rough year and a half. Do any of you know of a company that finances vacation. Our credit is poor so a normal loan is not an option. We make good money now that he is back, but we just have not been able to save. Our daughter will be going to college next year and we know it will be tough to go once she is in college. Please don't respond if you are going to be rude and mean. I am just looking for some suggestions. Thank you very much if you can help.

2007-10-15 04:53:38 · 4 answers · asked by Joanie J 1