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 Money Talk celebrates 10 years of great financial resources!
2003 - 2013
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| 1031 exchange and LLC |
| posted by: mboss310 @ Tue May 21, 2013 12:17 am |
Hi, I'm a total newb and really could use some advice.
My wife and I invested in an LLC that bought an income property, and now two years later the LLC is going into a 1031 exchange, selling the old property and buying a new one. We have made some profit, and my wife and I need our share to put a down payment on a house. We only own a 6% stake in the LLC, but the manager of the LLC is refusing to let us out, saying the LLC has not been dissolved because of the exchange, even though the operating agreement says it dissolves once the prope... |
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| Comments: 7 :: Read More >> 1031 exchange and LLC |
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| Making money off advise |
| posted by: Brownsfan2k5 @ Mon May 20, 2013 11:20 am |
I post to this forum quite frequently and as you know I am serving in the military. I serve with alot of younger guys who spend their money as fast as they make it and never seem to understand the concept of "saving". So being the type of guy I am, I'm always giving my friends and peers advice. I show them how to invest, where to invest and even helping them start a budget. But after doing this for so long I think to myself, can I make money doing this?
So my question is this: how do I make money giving advise to my peers? I'm sure there's ... |
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| Comments: 1 :: Read More >> Making money off advise |
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| Hi from the Seattle area! |
| posted by: KarenInWA @ Sun May 19, 2013 5:57 pm |
Hi,
My name is Karen. I am single, 39, gainfully employed, have no kids. I am a kidney transplant patient, received my kidney from a live donor (non-blood relative, related by marriage) almost 18 months ago. I worked FT while on dialysis (which was only 7 months) and am lucky to have a very understanding management team who follows FMLA laws to the T and then some.
Here is my personal financial background. I have not saved a lot for retirement. Being someone with serious medical issues in the USA, I am a bit concerned about saving for my... |
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| Comments: 6 :: Read More >> Hi from the Seattle area! |
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| Refinance Question |
| posted by: denman3369 @ Sun May 19, 2013 12:33 pm |
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Hello, My name is Dennis and I am new to this forum. I have a Question and am curious to see what response I recieve. My wife and I have a first mortgage that we owe 39,000 with a 4.74% finance rate and 5.5 years left to pay. We also have a home eguity loan of 43,000 with a 6.99% rate and 7.5 years left. I can refinance and combine the two at a rate of 3.00% for 10 years. We will continue to make the same 1,400.00 a month payment that we had been paying on the two separate loans, and will be payed off in 5.5 years. Theres about 2000.00 in closi... |
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| Comments: 2 :: Read More >> Refinance Question |
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| Money Minder |
| posted by: Quantock Jim @ Sun May 19, 2013 7:49 am |
Hi 
I am a newbie and live in the West of England UK. For years I have been able to track my income/spending so as to 'balance the books' . I can see at a glance whether I am in credit or in debt. No surprises! The system I use is a Moneyminder log onto which are stapled all receipts.
I am in the process of completing a PowerPoint 2010 Presentation to show more clearly what I do and it is easy! This system would suit anyone who has not got a computer.
Regards
Jim
edited |
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| Comments: 7 :: Read More >> Money Minder |
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| Rollover 401-k to New 401-k or Self-Directed IRA? |
| posted by: WxByHart @ Sun May 19, 2013 2:57 am |
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Got about 140k in my old 401-k that I now have the option to roll over into my new 401-k with Fidelity. Would I save money, however, and have more investing options if I simply roll it into a self-directed IRA through a low-fee company like Ameritrade or E-Trade? Or is it better to have both my new & old money with the same firm, which in my case would be Fidelity? |
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| Comments: 7 :: Read More >> Rollover 401-k to New 401-k or Self-Directed IRA? |
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| 401a advice |
| posted by: NorCal @ Sat May 18, 2013 8:11 am |
Hello everyone, I am new to the forum and wanted to say hello.
I recently discovered that I had a 401a account that I never knew existed after I left my city job back in 2008. Its not a whole lot, but it has matured to 12K with interest, and since I never knew it existed, I look at it like "free money."
My current employer offers a 401K and I currently contribute 10% with a 6% match. I also have a Roth IRA through USAA which I just opened. However, I contacted my employer to see if I could roll my 401a over into that account and I was tol... |
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| Comments: 8 :: Read More >> 401a advice |
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| New Young investor looking for starting tips! |
| posted by: Exodus434 @ Fri May 17, 2013 10:05 pm |
Hello Money Talk, how are all of you. I want to start out by saying i have been reading other young investors questions and all of your replies and i thought a personal touch to the responses based on my individual financial and educational knowledge and current situation so i can have more of a 1 on 1 advice.
I am 24 years old , i have been an independent contractor for about 7 years full time working for 2-3 family logging companies cutting trees running machines etc. I managed to get involved with "Quick money" scams and illegal ways of ... |
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| Comments: 4 :: Read More >> New Young investor looking for starting tips! |
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| 3 stupid stages of life... |
| posted by: lanajames @ Fri May 17, 2013 1:33 am |
I just found this while browsing the internet. Just want to share... Kinda funny and ironic...
Teen age: Have Time + Energy... but no money
Working Age: Have Money + Energy ... but no time
Old Age: Have Time+ Money... but no energy
Isn't this really odd, but come to realize... it's true... |
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| Comments: 0 :: Read More >> 3 stupid stages of life... |
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