Question: Dear Steve, I have a defaulted student loan that was subject to wage garnishments. After several months of $400/month being taken out of my checks beyond my control, I was finally informed that 1099 employees are not subject to wage garnishments and that they would stop forcing my employer to cut my checks. However, …
If you’re self-employed you’ll never get a real vacation again. I read an article on the truths of self-employment recently. I’m in complete agreement that you can kiss your real vacations goodbye. I’ve been self-employed the majority of my 22 years in financial services. And I really wouldn’t have it any other way. But once …
With college expenses at some of the best schools now exceeding $ 60,000 per year, education-related expenses are often one of the biggest obstacles many baby boomers face when saving for their own retirement. For many families, planning for a college education goes hand in hand with IRA’s and retirement planning. Retirement Assets are Exempt …
“Dear Damon, Self employed for 13+ years 55 years old Like so many self employed people the recession has been rough, add to that medical bills, and it’s easy to get caught in credit card debt. I currently have $130k in credit card debt with an average interest rate of 16%. I am making the …
“Dear Steve, I am a 46 year old female who is considering filing bankruptcy. I owe approximately 38k in IRS taxes and 60k in student loan debt. I also owe approximately 20k in personal creidit card debt. Most of hichnis in charged off status. Last year I started working independently in hopes to increase my …
“Dear Steve, I no longer use my credit cards and have been just trying to pay off the balances for several years to which I’ve always paid the minimum and sometimes more on all my credit card bills, but recently the due dates have been changing from month to month, varying from the end of …
“Dear Steve, Self-employed single mom in flooring industry (ca) Real Estate owned (2) rentals-devalued but currently rented but combined after rents is -(negative) $300.00 per month. Currently living in my home devalued with equity line maxed out. Credit card debit on personal credit card debt on business (corp) business currently has $15,000.00 in cash Business …
“Dear Steve, I am a self-employed home owner with $85,000 in business debt and $130,000 in home debt. We have about $30,000 in equity on our home. We make +/- 100,000 per year. Half of that goes toward the business and the other half we live on. Should we sell our house and rent? We …
Aletheia “Dear Steve, I’m self-employed and my earnings so far this year are about a third of what they were last year. with some scrambling for new clients, the situation is improving, as far as i can tell. but my debt load is too high. i’ve stopped using credit cards, and i’ve arranged for a …
Harold “Dear Steve, I have credit card debt of about $30,000. I was out of work for awhile, I tried the self employment thing for several years but couldn’t get ahead with that. I now have a decent job, the pay is only about $23,000 a year but it is steady and it’s government and …
