Reasons to Convert Retirement Savings to a Roth IRA

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Roth IRAs are one way to save money for retirement. Unlike traditional IRAs and 401k plans, money that is contributed to a Roth IRA is with after tax dollars, money that you have already paid taxes on. Depending on your financial situation, there can be benefits to converting money from a traditiona

Is 401(k) Money Counted As Earned Income on Social Security?

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The U.S. government pays a Social Security Income benefit to people aged 65 and older and to disabled adults and children under 65 with limited financial resources. Your Social Security benefit is calculated based on the amount of income you have, and earnings from wages and self-employment will red

Can They Touch Your Disability if You Go Bankrupt?

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When a debtor takes on enough debts that they near or surpass his total assets, he may find a declaration of bankruptcy the most financially effective option. There are two types of personal bankruptcy -- Chapter 7 and Chapter 13. Under Chapter 7, the person will see many of his assets sold off; und

How to Collect Unemployment After Being Terminated at Will

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Unless otherwise stated in a contract, your employment is at will, meaning you or your employer can terminate at any time for any reason except those excluded by law. If you're terminated at will, you can collect unemployment as long as you were terminated for cause. Cause can vary by state, but it

Tax Questions About College Tuition & Fees

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Paying for college can take years of financial planning for many families. Families can consider scholarships, grants, college savings accounts and student loans as methods of financing higher education. Scholarships sometimes result in taxable income, while tax credits reduce the tax liability for

What Is a Budget Constraint?

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Budget constraint is a basic concept in economic modeling. The framework helps researchers analyze all possible consumption choices that a consumer can make within the constraints of his budget. The fundamental idea can be expressed as a mathematical equation and is equally useful whether the consu

Where to Find the Best Help for Single Mothers in Florida

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Each kid has got a right for an excellent life. They will be needing a good education, healthy food plus a loving residential home. It is crucial that the needs of a child are provided ...

What Does a Dealership Do If Someone Wants to Default on His Car Loan?

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If you have to default on your car loan, a dealership can agree to take back your car under a "voluntary repossession" --- if the dealer is the official creditor receiving your monthly payments. After you purchased the car, however, the dealer may have sold the loan to a bank or credit union. The ba

Incentives for Opening Savings or Checking Accounts

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Savings accounts are accounts that customers use to store funds for the long term. Banks do not offer the same withdrawal features in savings accounts that they do with checking. Checking accounts are designed to move money back and forth easily, and typically include debit cards and...

What Is A Structured Settlement?

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So, what is a structured settlement anyway? A structured settlement is a monetary or insurance arrangement, as defined by Internal Revenue Code as periodic payments. The following prerequisites must be met however: A structured settlement ...

How Much Does an RN Make per Week?

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There are dozens of different registered nursing (RN) positions and specialties, each requiring its own skill set and educational requirements. Nurses also work in many different settings, although about 60 percent of RNs are employed in hospitals. Salaries are determined by factors such as specialt

Grants for Rebuilding a Home for Senior Citizens

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Senior citizens who cannot afford home rebuilding projects can apply for grants from several sources. Grants are available from local, state and federal government agencies to cover the cost of home renovations and repairs needed by elderly homeowners. These financial awards also pay for project-rel

What Is the Federal Prime Interest Rate?

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The Federal Prime Interest Rate is known as the "Fed Prime Rate," "U.S. Prime Rate," or simply the "prime rate." The prime rate is a base rate or index that banks, credit unions and other financial institutions use to determine the interest rates they charge to loan money to other banks, businesses

Salary Limits for Roth IRAs

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Each year, the Internal Revenue Service publishes income limits that phase out high earners from contributing to a Roth Individual Retirement Accounts. However, a 2010 rule that eliminated income limits on Roth IRA conversions also provides a loophole for high earners to contribute, regardless of th

How to Donate Plasma for Money in Texas

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In times of financial difficulty, one may look for creative ways to earn additional money. In Texas, you can do this by donating your plasma for money. Plasma is a substance in your blood. The process of donating plasma takes approximately two hours, although the first donation may take longer becau

How to Appeal Social Security Denial

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If your request for Social Security Disability Insurance or for Supplemental Security Income is denied, you have the right to appeal the Social Security Administration's decision. If your first appeal is unsuccessful, there are three additional processes you can go through to try to get disability b

The Modification of a Deed of Trust

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A deed of trust is a legal instrument used in the creation of a trust. If any one of the parties involved in a trust observes an omission or error in a deed of trust, he can request a modification be made to the deed of trust. All modifications are legally binding.

How to Quit Claim Your Real Estate to a Business

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A Quitclaim Deed transfers the interest of the Grantor of a property. This is usually done to transfer a spouse onto a property or to remove a divorcing spouse from a property. However, the mortgage and other debts do not get transferred through a Quitclaim Deed. A Quitclaim Deed can, also, be used

How to Compare Basic Bank Accounts

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Every bank has different perks for opening an account with their company. Before settling on what seems to be the best deal, consider the long-term options associated with the accounts.

How to Apply for Social Security Benefits in Missouri

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Social Security is a federal program that deducts a portion of your wages as a form of insurance towards the future and guarantees you funds during retirement. Services such as medical assistance (including prescription medications and Medicare) and a monthly payment are provided to minors, retirees