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Personal Investment & Financial Planning Q`s/Questions
| Subject | Date Asked | Expert |
| IRA | 2/9/2012 | John D Smith, CFP |
| Q: I just lost my job and converted my 401k into an IRA. I had about 300k in my account. Is it safe to ... A: Although an IRA that is invested in mutual funds, stocks, bonds, etc, is not federally insured, you ... | ||
| investment planning | 12/28/2011 | Paul Sid, CPA CFA |
| Q: Paul, I understand that you cannot give actual financial advice and I will be sure to check ... A: In looking about your investment results, I commend you for making some very smart decisions. I ... | ||
| Should I sell my rental property? | 12/17/2011 | John D Smith, CFP |
| Q: I have a rental property located in Northern Virginia. This property was converted into a rental ... A: Unfortunately this is a difficult question to answer since your specific situation and the specifics ... | ||
| Managing Mother-In-Laws Finances | 12/9/2011 | John D Smith, CFP |
| Q: My mother-in-law is 88 years old. We are moving her into a small apartment and have sold her home ... A: If you want it free of risk then your options are limited in that federally insured deposits (CDs, ... | ||
| Managing Mother-In-Laws Finances | 12/9/2011 | Bruce Julien |
| Q: My mother-in-law is 88 years old. We are moving her into a small apartment and have sold her home ... A: You need a BANK account where you will not make much but as you want no risk, that is it. Your wife ... | ||
| Managing Mother-In-Laws Finances | 12/9/2011 | Paul Sid, CPA CFA |
| Q: My mother-in-law is 88 years old. We are moving her into a small apartment and have sold her home ... A: A good place to check for rates is: http://www.bankrate.com On the right side of the homepage is a ... | ||
| Managing Mother-In-Laws Finances | 12/9/2011 | David Disraeli |
| Q: My mother-in-law is 88 years old. We are moving her into a small apartment and have sold her home ... A: Doug - you can't take money out of someone's control without their permission or a court order. A ... | ||
| Inheriting Pension Plan | 12/3/2011 | Paul Sid, CPA CFA |
| Q: My mother-in-law recently passed away and we are inheriting 1/4 of here retirement plan. She was 75 ... A: Income taxes. You will have to pay both federal and state income taxes on the cash-out distributed ... | ||
| TDAmeritrade weekly options mess | 12/2/2011 | David Disraeli |
| Q: Somehow I lost contact with you. They have admitted their system was too slow. My trading had ... A: Pauline I feel your pain. YOu are either going to have to sue via FINRA arbitration or let the ... | ||
| Inheriting Pension Plan | 11/30/2011 | Paul Sid, CPA CFA |
| Q: My mother-in-law recently passed away and we are inheriting 1/4 of here retirement plan. She was 75 ... A: I have been out of town and was unable to get back to you sooner. What type of retirement plan will ... | ||
| Mortgage or 403b? | 11/15/2011 | John D Smith, CFP |
| Q: I am 50 and hope to retire in the next 5-7 years with a pension. My 403b presently is invested 50% ... A: I understand your concern. If it helps, in my opinion, there really isn't a right or wrong with ... | ||
| Mortgage or 403b? | 11/12/2011 | John D Smith, CFP |
| Q: I am 50 and hope to retire in the next 5-7 years with a pension. My 403b presently is invested 50% ... A: Your question is a good one and at the same time a difficult one to answer specifically in a forum ... | ||
| capital budgeting finance | 10/24/2011 | Paul Sid, CPA CFA |
| Q: Do we need to deduct the cost (example, a feasibility report cost) every years starting from year 1 ... A: I am not 100% sure about your question, but let me attempt to answer it as I understand it. ... | ||
| paycheck allocation | 10/14/2011 | John D Smith, CFP |
| Q: What is a general rule of thumb for allocating salary? for upper-middle class, retiring in 10 ... A: A general rule of thumb is to save between 10 and 20% of you income each year in order to retire ... | ||
| Rolling over a 401a during a refinance | 9/29/2011 | Paul Sid, CPA CFA |
| Q: My wife recently quit her job because we just had our first child. Now that we've lost her income, ... A: Given your additional information, below are my computed figures. You're considering paying down ... | ||
| HSAs | 9/27/2011 | Paul Sid, CPA CFA |
| Q: I have a question regarding HSAs because my parents right now have an extremely high deductible ... A: Your parents, age 55, currently have a high deductible health plan. You asked if the use of a HSA ... | ||
| FINRA | 9/16/2011 | David Disraeli |
| Q: I have been trading options as a day trader since early 2009, and have been with a well respected, ... A: What is the total? It is worth fighting over? Remember FINRA is not a collection agency - however ... | ||
| FINRA | 9/13/2011 | David Disraeli |
| Q: I have been trading options as a day trader since early 2009, and have been with a well respected, ... A: I have a lot of experience going after brokers. However I don't understand what you want the to do ... | ||
| tax deferred IRA or non-IRA account | 9/6/2011 | Bruce Julien |
| Q: I am 60 years old and have several mutual funds through my bank that are not IRA's. I am thinking of ... A: They should help for 1% annually, like most advisors. You paid that much annually with expensive ... | ||
| tax deferred IRA or non-IRA account | 9/3/2011 | Bruce Julien |
| Q: I am 60 years old and have several mutual funds through my bank that are not IRA's. I am thinking of ... A: You can't transfer non-ira funds into an IRA Lee. You can put $6k in if you have $6k of earned ... | ||
| Fidelity | 9/2/2011 | Paul Sid, CPA CFA |
| Q: I currently have several mutual funds held through my bank's brokerage Dept. Even though they don't ... A: Fidelity Investments is a private company so its business model is not available to the general ... | ||
| Term Deposit. | 8/31/2011 | Paul Sid, CPA CFA |
| Q: I have invested in a term deposit at an interest rate of 3.25%, I have only put in $5000 will after ... A: From you statement I am uncertain as to the question. In reviewing what has been provided, I have ... | ||
| prudential premier retirement VA highest daily value %% rollup | 8/16/2011 | John D Smith, CFP |
| Q: What are the pitfalls of above VA x,B,L or C series. I do not want to pay for beneficiary clause, i ... A: I apologize but it's hard for me to take time to thoroughly review prospectuses of investment ... | ||
| prudential premier retirement VA | 8/13/2011 | John D Smith, CFP |
| Q: What are the pitfalls of above VA x,B,L or C series. I do not want to pay for beneficiary clause, i ... A: I am not familiar with this specific annuity, however, it is important to undestand the pros and ... | ||
| Annuity Death Benefit Claim Beneficiary | 8/11/2011 | Bruce Julien |
| Q: I recently recieved an annuity death benefit claim from a recently deceased uncle in the amount of ... A: More complicated than a simple answer in this forum, but in general most under 59.5 year olds tak ... | ||
| triple tax free investing | 8/10/2011 | Paul Sid, CPA CFA |
| Q: paul, is there such a product that offers triple tax free WITH a high return of 8%-10%? deposit ... A: I live in California so I will not be of much help as to triple tax free investing offering a return ... | ||
| Annuitize | 8/10/2011 | Paul Sid, CPA CFA |
| Q: If you annutize $200,000. does this decrease the taxes on your IRA. We are ages 66 and 70. We have ... A: No, your taxes will not decrease. If you use pretax money from an IRA to purchase the annuity, then ... | ||
| UGMA breach of fiduciary duty | 8/9/2011 | David Disraeli |
| Q: This is in the state of Oregon, Multnomah county. My friend has a UGMA account in his name with his ... A: First I'm not an attorney nor can I give legal advice. However the money belongs to your friend. ... | ||
| Credit Card Pay Off | 8/8/2011 | Paul Sid, CPA CFA |
| Q: I am 68 years old and retired I owe about $15000.00 in credit card debt. I have been told credit ... A: I am very glad that you have the smarts to contact one of the "all experts" team members on this ... | ||
| personal finance | 8/6/2011 | Paul Sid, CPA CFA |
| Q: I am 38 yrs old and my husband is 66. We have $18,000 in a Roth IRA..and then about $8000 in two ... A: Your significant figures are as follow: - Husband's after tax income ~ $15,000 - Wife's after tax ... | ||
| personal finance | 8/6/2011 | Paul Sid, CPA CFA |
| Q: I am 38 yrs old and my husband is 66. We have $18,000 in a Roth IRA..and then about $8000 in two ... A: I have a few questions: - Are you and your husband currently working? - What is your combined annual ... | ||
| transfer funds | 7/12/2011 | Paul Sid, CPA CFA |
| Q: paul my father is elderly and wants me to take over his bank accounts and do all is money ... A: As a CPA/ CFA I am able to address your questions in the areas of financial planning, retirement ... | ||
| financial help | 7/1/2011 | Bruce Julien |
| Q: I am 38 yrs old and have been on social security disability since 1993, with my disability being ... A: You need to sit with a local planner familiar with SSI. They will plan with you for saving money, ... | ||
| planning for my future | 7/1/2011 | Paul Sid, CPA CFA |
| Q: I am 38 yrs old and have been on social security disability since 1993, with my disability being ... A: You and your husband have a difficult financial issue. With a modest income I am sure that you're ... | ||
| IRA Annuity transfer | 6/30/2011 | Paul Sid, CPA CFA |
| Q: I have an qualified IRA annuity worth $130000.00 that is in the "window" period where they company ... A: Question 1. I assume that you had initially rolled your IRA/401(k) into a variable annuity that is ... | ||
| IRA Annuity transfer | 6/29/2011 | Paul Sid, CPA CFA |
| Q: I have an qualified IRA annuity worth $130000.00 that is in the "window" period where they company ... A: I believe that you have two questions: 1. Can you transfer your IRA annuity to an IRA CD without ... | ||
| IRA Annuity transfer | 6/29/2011 | Bruce Julien |
| Q: I have an qualified IRA annuity worth $130000.00 that is in the "window" period where they company ... A: Clara You can move from an IRA to another IRA tax free regardless of whether it is an annuity. Make ... | ||
| Choosing the right retirement plan | 6/29/2011 | Paul Sid, CPA CFA |
| Q: I am in my 20's and I am interested in signing up for my employer's 401(k) plan. This is completely ... A: 1. By taking advantage of your employer's 50% matching and you will "instantly realize a 50% ... | ||
| service tax | 6/24/2011 | Paul Sid, CPA CFA |
| Q: wheatehr "medical waste disposal" comes under service tax perview? A: I am not aware of this subject as a tax issue. Can you provide me with news links from the tax ... | ||
| schedule d | 6/24/2011 | Paul Sid, CPA CFA |
| Q: i was wondering,i am filling out a schedule d to report stock purchases and sales.do i have to list ... A: You are most welcome. While the Service prefers that you to use their tax forms, it is acceptable ... | ||
Personal Investment & Financial Planning Q`s
Answers by Expert:
Paul Sid, CPA CFA
Top Expert on this page
Expertise
I am a CPA and CFA with more than 20 years of assisting others to address a wide variety of tax and financial issues, including: (a) tax and timing for conversion of various retirement vehicles including 401(k), traditional IRA, and Roth IRA; (b) starting date considerations for social security benefits and related tax liabilities; (c) computation of book and tax basis, gains and losses on investments, §1031 exchanges; (d) tax benefits and deductions on principal residence, vacation homes, and investment properties; (e) acquisitions of business properties, computation of bonus depreciation, and MACRS depreciation; (f) tax as related to various martial issues, including dependences, noncitizen spouses, and divorce settlement; (g) review of college funding options and tax attributes; (h) tax computation and investment considerations for fixed and variable annuities; (i) tax considerations relating to gifting by parents and grandparents; (j) tax on employee benefits programs including retirement plans, health insurance, and other benefits; (k) tax on inherited assets including assets, insurance, and other assets.
Paul Sid, CPA CFAFinancialEdge.net
Experience
I have over 20 years of financial, accounting, and tax experience in working with individuals and fortune 500 companies. I am most interested in helping you to make better financial decisions.
Organizations
Financial Planning Association of San Francisco;
Tax Executive Institute, Santa Clara Chapter
Education/Credentials
B.S. California State University, Los Angeles, CA
CPA (California), CFA
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