The IRS rules say you cannot borrow from your IRA. But can you? Are there loopholes? There is a way to borrow from your IRA. It isn’t that the IRS wants you to borrow from your IRA. They have made it clear that this is against the rules. However, the rules that allow you to [...]
There are two primary types of IRAs. Regular IRAs allow you to put in money and not pay tax on it upfront. Roth IRAs allow you to pay tax on the money upfront but not pay tax on any increase. Both strategies can be very useful in retirement planning.
Roth IRAs allow you to take advantage [...]
One method that is often overlooked when people need cash is borrowing on margin. If you have investment accounts where money is placed into the stock market and mutual funds, you can often borrow against those assets using something called margin. Margin was created to allow you to invest more money than you have by [...]
If you have a bunch of high interest debt but have equity in your house, you might be able to create a do-it-yourself debt consolidation loan to refinance. Refinancing your house is a process of getting a new mortgage to replace the old one. If your house is worth substantially more than what you all [...]
The $8,000 housing credit has been extended for 2010. There are also some new credits available to people moving–even if they have already owned a home.
Given the number of homes on the market–particularly the number under foreclosure–this can be a great time to get a very good deal. Lenders are much more careful, [...]