How do I collect my lottery winnings?
Lottery winners can collect their prize as an annuity or as a lump-sum. Often referred to as a “lottery annuity,” the annuity option provides annual payme...
Category: General
What type of asset is an HSA?
Some people look at the HSA similarly to an IRA, contributing tax-deductible dollars today to be accumulated and withdrawn in retirement. Thus, it should ...
What is a withdraw penalty?
A withdrawal penalty refers to any penalty incurred by an individual for early withdrawal from an account that is either locked in for a stated period, as...
What happens if I stop working due to ill health?
@jackiet4790, good morning and welcome, I am not a benefits adviser but it is better I think if your employer terminates your employment due to health rea...
Is TransUnion the same as FICO?
Are FICO, Equifax, TransUnion & Experian the Same? No. In fact, FICO has one role while Equifax, Experian & TransUnion have another regarding your...
Can you get out of a deeded timeshare?
In California, you have the right to rescind a timeshare contract and receive a refund within seven calendar days , or a longer period as provided in the ...
Is there a maximum amount you can transfer between accounts?
Many major banks impose a per-day or per-transaction wire transfer limit. For example, Chase Bank sets the limit at $100,000 for individuals, but offers h...
What does the distribution is made in substantially equal periodic payments mean?
Substantially Equal Periodic Payment, or SEPP, is a method of distributing funds from an IRA or other qualified retirement plans prior to the age of 59½ t...
When is foreign earned income excludable from income?
Pay for services conducted in international waters (not a foreign country) Pay in specific combat zones, as designated by an Executive Order from the Pres...
When did you start a single member LLC?
I started my LLC in 2017 but I have expenses from around 2014 and maybe even further back I made for the startup. Can I claim these expenses still? This w...
