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Dave is wrong when talking to Jessica regarding mortgage forbearance.
What is mortgage forbearance?
Forbearance is a process that can help if you’re struggling to pay your mortgage. Your servicer or lender arranges for you to temporarily pause mortgage payments or make smaller payments. You still owe the full amount, and you pay back the difference later.
Forbearance can help you deal with a financial hardship. For example, forbearance can be helpful if your home was damaged in a natural disaster, you had unexpected medical costs, or you lost your job. Forbearance does not erase or decrease the amount you owe on your mortgage. You have to repay any missed or reduced payments.
Elizabeth is messed up. Seizure activity for 30 years should not prevent employment. There is a mental problem here.
Mike in Austin (56:50) – In my opinion … John & Dave were very wrong at the end of the call. They said to convert everything in the 401-K in one year and pay the taxes. Mike is only 55. He has 8 years to aggressively convert his 401-K to Roth before he needs to worry about Medicare IRMAA charges and then an additional 10 years to convert a reasonable amount to get RMDs to a reasonable amount. If you convert everything in one year you are going to be massacred by taxes. Especially if you have to sell appreciated assets in a brokerage account to pay the taxes. Talk to a tax account and determine a reasonable plan.
Mike from Austin won't have to take RMDs until age 75.
Excuse me sir, where are these jobs of which you speak so freely?
59:06 not necessarily Dave. Rule of 55 allows him to touch the 401k penalty free. Also rule 72t.
We lived with our enormous Calif mortgage eating hand to mouth. Took a loan we couldn’t’t really afford barely making payments, late a few times. After 9 yrs, equity built so we borrowed $140k. Bought an off-grid home, total dump, 40 dump runs, Took 1 yr to DIY remodel. Moved in. Sold the house. Debt is the only way we could be living within our means. We grow food now, cycle, lost weight, no more high BP pills. IF you need to borrow to establish your living quarters, do it. So worth it for life! Best decision we ever made
The lady with the ex friend who loaned them money… your friend was smart!! They gave you money hoping you’d flake to ditch you.
I want to divorce you. So annoying.
Kansas City is liberal and they’re letting illegals and criminals move in! Ruining Mo!
Victoria needs to move with urgency..She needs to stop being so passive..
Listening to some of these callers are exhausting…. Would need a stiff drink just to decompress….and what’s up with all the people who can’t string a sentence together without saying “Um and Um” 10 times in every sentence….at first I thought it was just the women but now I’m noticing it with the men too. If only they knew how ignorant it makes them sound….honestly, I feel like they don’t want to answer the questions truthfully and are making things up as they go
In the case of the lady with the prenup – if the husband is making 300k wouldn't it be fair for her to put in 300k into the joint account whether it be her salary or from the trust? Sounded like she made less income.
How do I get on his show live so I can ask him a question?
1:58:42 Doctors are great at that