by Claudia Mott | Aug 23, 2019 | Home Refinance
Refinancing a mortgage is a big deal. You can potentially save hundreds of dollars a month, and tens of thousands over the life of your loan. After several years of rising rates, we’ve seen a reversal. Rates have come down substantially in a short period of time, and... 
by Claudia Mott | Aug 8, 2019 | 401(K), IRA, Pensions, Retirement
Q. Since many millenials are working for companies offering no pensions, would it be wise to get an annuity that could act like a pension? — Wish I had one A. There are very few pensions to find these days. You’ll still see them for public sector employees, but fewer... 
by Claudia Mott | Jul 11, 2019 | IRA, Roth IRA
Q. I have a question regarding the Roth IRA five-year rule. If I contributed $1,000 for five consecutive years, from 2010 to 2015, can I withdraw the full $5,000 plus gains in 2015 without penalty or do I need to wait until 2019 to withdraw the 2014 contribution? —... 
by Claudia Mott | Jun 27, 2019 | Credit Score
Q. My mortgage is almost paid off, I have a $10,000 car loan and a small amount of debt on a credit card. My credit score is 830. How will the mortgage payoff affect my score? I’m also thinking of taking a home equity line of credit (HELOC). Should I do that before or... 
by Claudia Mott | May 23, 2019 | Collections, Credit Report, Credit Score
Q. I lost my job a few years ago and could not keep up with all my bills. I defaulted on some credit cards, but paid the mortgage, car loan, utilities and so forth on a regular basis when I got my disability approved. Some bills went into collections. The original...