Wiser Education

Questions from Everyday People

  • Giving to Your Children
    Posted on: September 5th, 2013 by

    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 …

  • Foreign Currency Tax Question
    Posted on: May 15th, 2013 by

    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 …

  • Tax Deductiable Tuition?
    Posted on: March 21st, 2013 by

    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.…

  • Tax on Capital Gains and 1st Home Purchase
    Posted on: January 22nd, 2013 by

    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?

    Yes. If the funds were …

  • Contributing to an IRA
    Posted on: April 3rd, 2012 by

    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 …

  • The Burden of Debt
    Posted on: January 15th, 2012 by

    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

  • 401k Loan Question
    Posted on: October 13th, 2011 by

    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 …

  • How to Diversify Away From the Falling Dollar
    Posted on: August 15th, 2011 by

    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,

  • Why use Exchange Traded Funds (ETFs)?
    Posted on: April 19th, 2011 by

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

  • How important is diversification?
    Posted on: April 12th, 2011 by

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