Diane's Mortgage Tips & Other Tidbits February 12, 2005 Volume 5, Issue 1
Questions about my service?
Article - Nothing Beats Family ***
stepped into my hotel room to a pleasant surprise. Lots of room
surrounded an inviting king-size bed, flanked by overstuffed
armchairs that rested against sliding glass doors that opened onto a
problem is that unless Alison travels with me, I never sleep
take Linus clamoring over me at five AM or a kick in the chin from
Camille over the finest linens and a chocolate on my pillow.
I'm deeply troubled by the number of parents who wake up too late with the realization:
children grew up too fast. In the hustle-bustle of career
applies to couples as well-so in a hurry to get who-knows-
Your life will most certainly improve, if you pay attention to your significant other, make the choice to put her or him first. Your example will benefit the rest of us. Our world cries out for role models and heroes of every day living.
What could you do today to let your loved ones know how much they mean to you?
What will you do tomorrow?
And the next day?
Think of one specific action that you can take, and take it. Then think of another one and take that, too. Challenge yourself to find new ways to express your appreciation and love on a daily basis. It will pay off ten-fold at home.
On those slightly stressful days when the grass looks a little greener and you feel like maybe you need a break, remember this.
service will never kiss you goodnight.
*** Question and Answer ***
Every issue, I will answer a question that someone has asked. If you have a specific question you want answered, feel free to email me at firstname.lastname@example.org?subject=questionfor ezine. I will publish your answer here (in the order they are received). Of course, if you have several questions, you'll want to call me so we can talk one-on-one.
Q. I have funds in a 401k. I like to use these funds toward my home purchase. I was told my 401k would only allow me to use half of the amount of closing cost. I would like to roll over into a Roth IRA account and than I will be able to use the whole dollar amount of funds, right?
A: I am not a financial planner or tax accountant, but from what I think I understand about 401k's you either open on up as a ROTH IRA or a 'regular' IRA (non-Roth). And since they are taxed differently I'm not sure if you can 'rollover' an IRA that was not originally a ROTH IRA. You should contact your accountant about this question to get the correct answer and what the tax implications are.
What you can do in the meantime is ask the administrator of your 401k account about the possibility of borrowing the funds from your 401k and just paying it back via payroll deductions. Maybe you could take most if not all, if you do it that way. I know that many lenders don't count your monthly 401k loan payments in your debts (like it used to). Best of luck to you!
Hope you enjoyed this issue! Remember, I am here to help you answer all your mortgage questions, before you apply for that mortgage that may affect you for the next 30 years of your life! Have a terrific 2 weeks!