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Asked on 2/13/2008
A NewRetirement User says
Can I convert a reverse mortgage to a convention Mortgage (Read More)
Asked by someone from GA on 2/10/2020
Michelle Dash
Michelle Dash, Financial Advisor says
You should contact the plan provider to ensure that rollovers are allowed. If so, you can roll the account into a Roth IRA (since you mentioned tax was already paid) where you will have full control of the investments. (Read More)
Asked by someone from PA on 2/24/2020
Michelle Dash
Michelle Dash, Financial Advisor says
Both parties in a married couple can claim Social Security as long as they are both living. If both spouses have individual earnings records, they may choose to file individually and receive their own benefit. If one spouse earned substantially more than the other, then the lower-earning spouse may choose to file for half of the higher-earner's ... (Read More)
Asked by someone from WI on 2/28/2020
Michelle Dash
Michelle Dash, Financial Advisor says
You are always allowed to make as much income as you want, though I assume your question is in regard to the earnings limit. For those born in 1955, your full retirement age is 66 and 2 months. At your full retirement age, you are no longer subject to the income limit which withholds $1 for every $2 earned above $18,240 in 2020. (Read More)
Asked on 1/2/2009
A NewRetirement User says
I suggest you go for an Individual Voluntary Arrangement (IVA) which really helps you to reduce the tax and other extra charges. I am personally using this for debt management and repay the debt relief order uk. I am very much satisfied with the features after using this. For more information please click the link ... (Read More)
Asked by someone from ID on 1/19/2020
Michelle Dash
Michelle Dash, Financial Advisor says
You have 12 months from the start of receiving Social Security to withdraw your benefit. At the time you change your mind to reverse your benefit, you must be able to pay Social Security back in cash for all of the distributions you received. In your case, you have received almost a year of benefits, so you have to return the entire amount in a ... (Read More)

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