Pam and Jim have been happily married for 30 years and have…

Pam and Jim have been happily married for 30 years and have been successful as partners in a family scrapbooking company.  Now they are ready to retire, and their residual income will put them in the 35% marginal tax bracket. Thankfully they made a wise investing decision in the lean, early years when their tax rate was only 10%. Now they will save greatly on their tax liability.  What type of investment account will allow them to make tax-free withdrawals?

Claudia and Ivan bought their daughter a small home as a wed…

Claudia and Ivan bought their daughter a small home as a wedding present. The price of the home was $130,000, and they took out a $100,000 15-year mortgage with an interest rate of 3.13% on the home. If they take the full 15-year term to pay off the loan, how much total interest will they end up paying on the loan? 

Court and Travis took out a 36 month, $10,000 loan exactly 1…

Court and Travis took out a 36 month, $10,000 loan exactly 1 year ago to buy their 2013 Nissan Maxima. They have faithfully made each monthly payment of $300 each month. The loan was a 36-month loan and they now have $7,000 left on the loan. Court just received an $10,000 bonus at work! She and Travis agree that they should pay off their Maxima loan with some of the extra cash. If they agree to pay off the remaining balance, how much future interest will they avoid paying on the car?