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1. Why is it important to maintain a good credit history?
a. Because your family will inherit it, and it’s important to plan for their future
b. Because anyone can access your credit history at any time to learn about you
c. Because a good credit history can generally help you negotiate for a lower finance rate
d. Consumer [...]
Auto insurance settlements are not taxable, what about a lost wage benefit settlement? Would that be taxable?
Here are the six key topics but what would be your top 3-5 specific questions? Why?
Cash Management
Making the most of your income
Reducing your debt
Taking control of your credit
Assessing your current situation
Traditional savings vehicles
The impact of inflation
How much cash?
Risk Management
Reducing financial risk
Protecting your property and assets
Are you properly insured?
Types of medical coverage
Homeowners and auto insurance
Disability income [...]
Wife was in an auto accident. Our attorney negotiated a small settlement with the insurance company. IRS claims we owe tax on the settlement because our attorney reported the settlement amount as nonemplyoyee compensation paid to us. I thought insurance settlements were nontaxabel income. Need help or the proper publication [...]
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