May
9
More frequently asked questions regarding the Economic Stimulus Payment (Rebate): What if my spouse owes money? What will happen to our stimulus payment? Will the IRS keep it all even though part of that money is for me and my children?
The IRS Will Keep Your Money
The IRS can keep your [...]
May
8
Is the economic stimulus payment (rebate) considered taxable income? A few readers have asked that question so I figured I’d address it.
Economic Stimulus Payment is NOT Taxable Income
The simple answer is that the economic stimulus payment (rebate) is not considered taxable income by the IRS. So you won’t have to count the stimulus [...]
Apr
17
IRS Stimulus Payment - Questions and Answers
April 17, 2008 | 226 Comments
I’m still surprised by the number of questions readers have been asking about the economic stimulus payment. Here are a few of the most frequently asked questions with answers. As always, if you have a question, make sure you ask it in the comments section following the article.
Can I Change my Direct Deposit [...]
Apr
11
Today is Last Day to Change Stimulus Payment Direct Deposit
April 11, 2008 | 10 Comments
If you need to change your direct deposit option the IRS says today is the last day to do it.
You can contact the IRS before the week of April 13th. That means you have rest of today to get it done.
Q. Is there something I can do to prevent my Stimulus Payment from being automatically [...]
Dec
27
What is a Roth 401(k)?
December 27, 2007 | 3 Comments
Q: My employer has added a Roth 401(k) option to our retirement plan. What is the difference between the Roth 401(k) and a traditional 401(k)? How do I know which one is right for me?
A: In a 401(k), employees contribute money to their retirement savings using pre-tax income. With a [...]
Dec
11
Why should you visit this site?
December 11, 2007 | Leave a Comment
Question:
Why should I read your site?
Answer:
Because I need readers?
Seriously, I can tell you that I am not Warren Buffet. I have no secret investment tips, nor do I know what will happen in the future. I am however, completely debt free at age 31. I have [...]
Dec
30
Ask WealthyReader - Should I Close Unused Credit Card Accounts
December 30, 2006 | 1 Comment
Question:
I have several credit cards I’m no longer using. If I close them will it raise my credit score? Is there any other reason not to close them?
Answer:
There are a couple of issues to consider.
First the effect on your FICO score. A FICO score is a generic credit score used [...]
