AngelInvestorsForum.com

S S asked:


I am in the process of settling my divorce. I have just recently purchased a house and now have a fairly substantial mortgage. I am hoping to retire in 5 years. The money that I was hoping to get from the settlement is a little less than I was hoping for but figured I could swing it anyways. However , I have just now been informed that I will not be getting cash (as I had hoped) but will be getting my ex’s RRSP investments transferred over to me. Therefore, unless I want to be taxed at 43% of 160,000$ this year for income tax I cannot withdraw the money and pay off my mortgage. Whatever I withdraw is apparently added to my income and I have to pay taxes on the whole thing. So…what would be the best way to pay off my mortgage in a reasonable time frame so I am not being taxed to the hilt and not having to eventually be living from pension cheque to pension cheque each month, paying off a mortgage, bills, food, etc, for the rest of my life and not knowing where the next $ will be

Brian asked:


What are the best ways to invest money/reduce taxes once you get past an income of approximately 140k-160k. I am investing in a 401k, but I believe the benefit for a Roth IRA disappears at approximately $150k.
I have a house and I am maxing out the 401(k).

Tarry M asked:


I have a few friends whom I would like to join together in an investment club. I also have a need to track present accounts of investment, to use as examples; but neither I nor anyone else out side of our own direction should alter any accounts. Advice can be exchanged and notes should be addressed, but accounts should be under the control of only the account manager.

Newlywed asked:


My husband and I have been married for almost six months now. I think that we should start saving for our childrens college expenses but I don’t know what the best investment vehicle would be at this time. We would want to start out small until we felt comfortable. The plan is to start having our own children (I have one from someone other than my husband) and plan accordingly for all of their futures. How should we invest and / or what would you recommend in our situation?

Fake_Name asked:


I want to make a few investments and open up a prime rate savings account. When in the month do banks pay out the interest and the returns on investments?

Male-Man asked:


…just trying to figure out what the rules are for getting equity out of my house and what I can spend that money on legally. Thanks in advance!

hoarfen asked:


Im 33 and earn approx 75000pa, I have 2 properties one is nearly paid off and I rent the other out to gear it. I have approx 80000 dollars saved in cash and investments. I have a wife earning approx 20000pa and no kids. I have not inhereted or won any money.

es_harper2007 asked:


I am going into college next year and want to put my summer job money into investments. Total $ will be less than $1500. WHat kind of investments will be the best for me. No short term withdrawing forseen.

Smartass asked:


Ok, so we know what are good investments, stock, housing, mutual funds, retirement. But where does most of our money go wasted? After eating and renting and gas, where do you see yourself, or most Americans waste money on?

Books? Movies? Junk food? Education they didn’t need? Travel? Timeshares? Certain bills? Excessive taxes?

I’m asking for two reasons, if I can know what people waste money on, I can avoid them. Secondly, if I can know what’s profitable and people are stupid enough to buy, why would I let it pass me?
Yes, I know “waste” is subject, but I think most people once in debt and need of money, would agree (in 20/20 hindsight) that lots of luxuries such as pets, cars, books, tipping waiters, eating out are things they ‘wasted’ and probably better spent if they saved it and prepared for times of unemployment or pay cuts.
Also, we have every right to say people are wasteful or stupid just a they have every right to ignore our opinion. Luckily from environments like these, we can remain anonymous and just tell stories (maybe even some fake ones) that can be advice or lesson to others.

mickey asked:


I like Yahoo and AOL’s on-line stock tracking system, but I’m not sure about having my investments listed on line. Is it safe or can anyone see it especially those working for the system?