Tag Archives: deferred compensation plan

My Deferred Compensation Plan Won’t Let Me Take Money Out. – Susan

“Dear Paul, Last year I had an income downturn. I have credit card debt that is drowning me and I struggle to pay everything each month. I now have some medical expenses and have had some family emergencies that have created more financial stress. I have a deferred compensation fund through my job that has [...]

Sally Writes In And Says “If The Bank Fails My Mother Will Lose $100,000″

“Dear Steve, My Mother has a CD worth $200,000.00 at our local bank. What should we do since the amount wouldn’t be insured if something were to happen? They automatically re-upped the account saying Mother didn’t respond to a letter they sent. She’s 88 yrs old and doesn’t remember receiving any such letter. She has [...]