Any Benefit to Not Cashing Out Inhereited IRA with Req. RMDs? Ive been researching this and i can’t find a reason not to just start the process and start cashing this out over the next few years and paying my taxes on it. Is there anything I’m not thinking of where it would benefit me to slow play this? I inherited an IRA in mid December of 2023 and started freaking out. I had just enough time to research…

What should I know before cashing out a universal life insurance policy? I’m currently 40 years old, married, no children. When I was 18, I got a full scholarship to college, so my parents put the money they had saved for my education ($5000) into a universal life insurance policy for me ($250k of coverage). I never paid a dime into this policy, and my parents have not contributed anything beyond the initial $5000. I…

Cashing in ETFs for Hurricane Repairs Hi all, We have a good bit of damage to our home from Hurricane Milton, and have a pretty significant ($18k) hurricane deductible. Unfortunately we do not have $18k in cash lying around so I’m trying to figure out the best way to cover the difference (and get our roof replaced). I recently switched jobs so there’s not much in my new employer’s 4…

LGBTQIA+ college athletes cashing in on NIL deals For some out queer athletes, NIL lets them balance LGBTQIA+ advocacy and brand messages.

How much to leave for federal withholding when cashing out IRA? I have an IRA account which I’d like to cash out due some financial needs. The account has a box for tax withholding, which shows 10% as a default. It’s adjustable though. Our last year taxes were sorta low (close to 0), and this year may be lower as I am currently unemployed and spouse probably will do like 60k tops this year. Should I do the w…

Cashing out universal life insurance for closing costs In the market to purchase a home, cleaned up all of my debt – cash is a little light. May need a small boost to closing funds if we fail to negotiate a 2-3% credit from seller. I have a universal flex premium life insurance contract that my late grandfather purchased for me. The interest earned is in excess of the premiums. The death benefit is…

Life insurance cashing check and getting cash. How to keep safe? My mother died 8 days ago and I became homeless same day. I am getting a $50,000 life insurance check overnighted to be received Saturday. I have a 10 million mile long criminal record of bank fraud, check fraud, etc. And I committed fraud with dozens of banks. The check is drawn on Wells Fargo and I called up 12 different Wells Fargo branches a…

Cashing old cashiers check I have a one year old cashiers check that neither Bank of America or verity credit union will cash. I am a customer at both. I had called the issuing bank (westamerica bank in California) to make sure it could still be cashed and they said it’s good for 3 years. There is no expiration date on the check. I also called the customer service line fo…

Any cons to cashing in my whole life policy to pay for a masters? I have a whole life policy that I didn’t know about until two years ago. When I found out I had it I was a little surprised because it was started by my grandfather, who made a lot of great investments throughout his life, but I have always understood whole life policies to be scams. I now have complete control over it and paid the premium twice…