Category Archives: The Everyday Investor

Giving to Your Children

Can a husband and wife give their daughter and son-in-law separate cash gifts?. Suchas; 14K from the wife and another 14K from the husband to each of the newlyweds, totaling 28K to each for a total of 56K as a couple?

Yes. You are allowed to give $14,000 to any …

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Foreign Currency Tax Question

I’ve been into a foreign currency investment for less than one year and I’m trying to prepare for exchanging currency at the bank. I’m trying to find out about tax obligations, legal forms, and the best way to deposit the initial funds (into different banks or different accounts). In addition …

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Tax Deductiable Tuition?

I would like to pay for my 5 year old granddaughter’s tuition to go to a private school is that tax deductible?

Private schools K – 12 are not tax deductible.…

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Tax on Capital Gains and 1st Home Purchase

I sold shares of a mutual fund & other stocks in order to pay a down payment on a first time home purchase. Do I still have to pay capital gains tax on those investments even though the $$$ was invested straight into a home?…

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Contributing to an IRA

Hello Casey, a couple of quick questions for you.  If I contribute to our work 401k can I still contribute to an IRA?  I have 2 other IRAs, one with Schwab and Vanguard.  Ok now for my 2nd question, does the 5000$ limit for IRAs apply as a group limit …

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The Burden of Debt

If interest rates are too high such as to make your minimum payments too onerous to allow much wiggle room, do not be shy about calling the debt provider to ask for a reduction in the rate. They don’t have to honor your request, but it doesn’t hurt to ask. Continue reading

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401k Loan Question

Hi Casey - I didnt want to take up your time but im having a question im trying to answer. Home refinancing now is looking like a great option. I have an FHA, but im over the 80% ltv and pay pmi. Thinking about our career in the near future …

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How to Diversify Away From the Falling Dollar

Hey Casey-I’ve attended your last 2 retirement [Atlantic Southeast Airlines Pilot] seminars – thanks for holding them – I’ve learned a lot. Anyway, curious with the new brokerage account option, wondering if there’s a way to get out of dollars and in to a foreign currency? Thanks!    Lisa.

Hi Lisa,

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Why use Exchange Traded Funds (ETFs)?

The University of Maryland has a study that shows only .06% of active fund managers from 1975 – 2007 beat their corresponding index. Continue reading

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How important is diversification?

How much do you want to put your eggs in one basket? Even a few baskets? Continue reading

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What is risk tolerance, and how does it factor into my investment decisions?

Risk tolerance is how much risk you are willing to take with your investments. Let’s look at the market crash of 2008-2009. In early March, when the market finally bottomed out, how did you feel? Continue reading

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Which should I do first – invest for the future or pay down debts?

Would you borrow money on your house or on a credit card to buy into an investment or put in your savings account? Continue reading

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Which would be better – a traditional IRA or a Roth IRA?

If you do not need to save on taxes now, a Roth IRA is your best option.  The reason is the taxation of earnings.  With a traditional IRA, you save on taxes now on the amount you contribute.  But you pay taxes when you take the money out on both …

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Should I contribute to my company’s 401(k) or to an IRA?

The 401(k) and the IRA offer tax advantaged savings.  The differences to consider are in maximum contribution limits and matching money.

Employers typically will offer to match a certain portion of your 401(k) contributions to encourage you to invest for you retirement.  The level is most often a percentage of …

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