Personal Finance - November 2007

I would REALLY appreciate anyone w/ life insurance (or stubborn husband) experience!!!
I am 38 and my husband is 49. My husband is the sole income provider of our family.
Since our first child's birth, I have tried to discuss with him the importance of planning for our deaths. Our oldest son is 15, and he still refuses to have a Will drawn up. Also, he refuses to purchase term life insurance on us both in the proper amount according to our famincome.
He is normally a very thoughtful and extremely responsible person. I know his lack of planning is due to his inability to deal with his own mortality.
I have continued to express concerns re: our lack of planning for 15 years! I have approached it from every angle I can think of.
On my own, I have contacted insurers to get coverage for us both & pay from my own "rainy day fund". No one will write a life policy in any amount without 1st performing a physical.
How do I protect my family in this situation?

2007-11-06 19:33:13 · 4 answers · asked by Anonymous

If you increase your contribution to your 401k plan will you pay less a month for child support?

2007-11-06 17:54:38 · 4 answers · asked by scott g 1

I know the annual max contribution is $4,000, but is there a max if I'm pulling the initial investment from cash, mutual fund and a VUL?

2007-11-06 17:48:29 · 4 answers · asked by Avestruz 1

there's this man in my country. he's in malaysia (which is next to singapore in the south-east asia).

he works as a CEO/managing director/executive director and owns 10% of his company on paper but 90% literally.

he has a swimming pool, a river and two waterfalls for his exterior design of his house.
his first house costs RM 3.5 million + 2 million (for furniture) = 5.7 million ringgit. in the US, it costs 1.7 million bucks.
his second house costs RM 1 + RM 2 million (for furniture) = RM 3 million ringgit. in the US, it costs around 1 million bucks.
he has a few other houses which costs around 500,000 dollars - 1 million dollars altogether.

his wife owns TONS of couture clothes.

he owns 8 computers in total, 10 televisions altogether, 9 telephones and a few bunch of stuff.

he takes a loan, too and spends approx $165,000 for 4 of his elder children and nearly $40,000 for his 2 younger ones. he also has 3 cars.

is he considered middle-class/upper-class/mega rich in the US?

2007-11-06 16:54:01 · 5 answers · asked by q_and_a 1

The car is 11,900 + Tax/Ttl/Lic = $12,730
Down Payment I have: $4,000.00

The credit report

Transunion:

Open Accounts:

Conns Credit Company -
-Balance $1,348.00
-$41.00 for 36 months - Term
-Never been late, pays on time
-Installment Account
-Individual, no co-signer
-Opened - 04/2007

Lacks Furniture

-Balance: $396.00
-$34.00 for 24 months - Term
-Been late once - 30 days - Feb, 2007
-Installment Account
-One Co-signer
-Opened - 07/2006

Security Service Federal Credit Union
- Charged off as Bad Debt -
- Charge off recovered - 03/2007
-Balance: $0.00
-$56.00 for 24 months - Term
-Charged off, then paid in full
-Installment Account
-Individual, no co-signer
-Opened - 10/2005

Collections:

Credit Management Control
-Balance - $0.00 - PAID
-High Balance - $494.00
-Creditor - Tmobile

2007-11-06 15:53:47 · 4 answers · asked by Dude 4

when applying for a job, I am wondering what the HR dept of the place you applied will ask your former places of employment.

2007-11-06 14:45:07 · 5 answers · asked by jzun21 1

i dont have anything to sell on ebay!

2007-11-06 14:15:37 · 11 answers · asked by bill k 3

I am trying to use eBay with my bank account. How do I get money from my bank account to my paypal account? My bank account and Paypal is already tied and confirmed, but how do I get money from my bank to my Paypal?

2007-11-06 14:13:59 · 0 answers · asked by chris2stupid2001 2

I have a 401k plan I need to transfer to my new job. I need money bad and I am thinking of borrowing 4k. How much taxes will I have to pay from 4k?????

2007-11-06 13:34:07 · 4 answers · asked by mark m 2

I have had my loans in forebearance for about 2 years thinking I would get a better job. Well, I actually lost my job at the bank I was working so now I am going down the criminal justice route. Anyways, my monthly payment is going to be about $400. I am just making ends meet now with a few nights out here and there. How does everyone do it? I sometimes don't really see why I went to the trouble to get a degree. Do you guys find it hard paying your loan each month?

2007-11-06 10:29:39 · 14 answers · asked by kjb131313 1

I want to sign up for creditcard, move out, tax forms, etc. Where can i find a guide to doing all this?

2007-11-06 10:05:38 · 6 answers · asked by Anonymous

2007-11-06 09:38:40 · 22 answers · asked by cleocat 5

Am I locked into my CD Intrest rate at the time of purchase or sale? that is, If I buy it at 5.000 and the day I sel it it's performing at 7.000 which rate do I get?

Also, What is better, a daily, monthly, quarterly, semi-annual, or annual reporting CD? Obviously, I am new and I want to make informed decisions.

Thank you

2007-11-06 08:17:51 · 2 answers · asked by rabidkitty 7

That people who say they would spend lottery money on children and animals and the elderly and disabled are full of it and would go straight to there bank and spend it all on them selves. i know i would. i guess i'd pay off some bills to.

2007-11-06 08:08:57 · 3 answers · asked by Anonymous

So after returning my guitar amp i now have £100 worth of gift vouchers for sale in a huge music store in the UK

Whats the least I should accept.

2007-11-06 07:59:33 · 1 answers · asked by Anonymous

Suppose I get a $1000 payday advance, do I have to pay it all back at once??

2007-11-06 07:19:21 · 4 answers · asked by foot_baller_06 2

What can I do to get what I am owed?

2007-11-06 07:04:53 · 7 answers · asked by Anonymous

Yesterday when i called Mortgage company ( Countrywide) to get preapproval letter, he said i have to take Mortgage insurance since i am not putting 20% down payment. Then he suggested me to take out more than one Loans and i can get around the Mortgage insurance.....i smell something fishy here...Can anybody suggest me what are the cons of taking more than one loan? I asked the same question to him but he replied there is no cons except writing out more than one check ?

Is Countrywide good company to take mortgage ? If not can you please suggest some ?

Thanks

2007-11-06 06:30:36 · 11 answers · asked by Anonymous

my mom is retired and would like to supplement her social security income.

2007-11-06 05:59:01 · 5 answers · asked by cookieb1265 1

I have two questions:

My husband has some savings bond. They were given to him by his parents (8 x 1k face value). They only have his name and his mothers name (now deceased) on them. If (God forbid) something happens to him, do they become part of his estate so I am entitled to them?

Second question: I have some bonds that MY parents bought for me. They have my mom's name and my name and SSn on them. Do I need to change to married name? Is SSN enough to identify me. (I am assuming whatever answer above applies to my bonds for my husband also).

Thanks for your help. Please answer only if you know and don't send me to any links, I've looked there and not satisfied with answer.

2007-11-06 05:23:54 · 2 answers · asked by irvingfan 5

Suppose you put 4000 in Roth IRA this year. Let's say it grew to 20000 when your reach 59.5 years.

We withdraw the entire amount. So my question is if the 16000 you made in the roth IRA taxable? Or is the whole 20000 free from taxes.

Some helpful links with answers would be greatly appreciated.

2007-11-06 05:09:16 · 4 answers · asked by Eddie T 2

I opened a checking account 4 years ago with another bank and used it for about 1 year. I use my other bank primarily and for the last 2 years havn't used the newer account. I have less then 100$ in the newer account and I just never use it. Is that damaging to my credit?

2007-11-06 03:29:11 · 5 answers · asked by rioedgebravo 2

2007-11-06 03:26:11 · 14 answers · asked by Anonymous

am asking this because my g/f just quit her job and wants to continue with 401k benefits and she was told she must call the 401k people directly, so we are trying to figure out what # we have to call to? please help

thaks 2 everybody

2007-11-06 03:22:51 · 4 answers · asked by Anonymous

My daughter had a family member staying with her a couple of years ago who ran up a lot of debt at her address. Now she keeps getting phone calls and letters with threats of baliffs to come to her house even though she has sent letters back saying this person has not lived here for a number of years and she has no knowledge of where they are. She no longer has contact with this ex member of the family and is at her wits end thinking the baliffs can take her belongings. Does she have any rights?

2007-11-06 03:19:54 · 15 answers · asked by kerry r 1

my mother is to be operated and it will cost my family around 50,000 pesos or equivalent to 1000 u.s. dollars.. do you have an idea how can i raise that money?.. i needed it next week.

2007-11-06 03:17:04 · 2 answers · asked by Anonymous

In instances when a father is deceased and has children under 18, how does the family get its income, and who takes care of the children?

2007-11-06 01:39:38 · 3 answers · asked by Agit8r 2

2007-11-06 01:38:25 · 1 answers · asked by derekrodgers233 3

without any further obligation? what capital gains taxes are involved?

2007-11-05 21:32:27 · 4 answers · asked by noavatar 1

2007-11-05 15:57:41 · 2 answers · asked by venus v 1