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Student loan interest paid by parents: While mortgage or student loan interest can normally only be deducted by those who own the debt, a child who is not claimed as a dependent may be able to deduct interest on a student loan of up to $2,500 even if parents are repaying the loan.
Ask yourself these questions before going all-in on your company retirement plan.
Ask yourself these questions before going all-in on your company retirement plan.
Dear Dr. Don, I am 55 years old and am considering taking advantage of current low interest rates to refinance my existing mortgage debt. The maturity dates of these loans roughly coincide with my planned retirement date from full-time employment.
Dear Dr. Don, I am 55 years old and am considering taking advantage of current low interest rates to refinance my existing mortgage debt. The maturity dates of these loans roughly coincide with my planned retirement date from full-time employment.
