Today on Moneywise, Steve Moore and host Rob West discuss the origin of Labor Day and chat about a few fun Labor Day facts. They also touch on what the Bible says about a Christian’s view of work. Next they take questions on any financial topic at(800) 525-7000and MoneyWise@ Compass1.org about the following:
-I am retiring from the US Army and I am now working part time for a local health organization. I have 5 children and 1 on the way. I want to know about taking tax exemptions. The W4 form online tells me to take few exemptions, and this doesn’t seem right. Advice?
-I am making my mortgage payments on my home, but what should I pay into to make the extra payment once a year to get my mortgage down?
-I have a senior in high school and the FAFSA is coming up. We have substantial savings, our home is paid off, we have good retirement savings, etc. Is there any reason to fill out FAFSA for financial aid?
-My wife and I are moving next year. We don’t think we can sell our house unless we borrow about 15K to fix it up. Is this wise?
Be sure to check out our website,Compass1.org, for a number of helpful resources (we’re on Facebook, too: Compass - finances God’s way). And thanks for your prayers and generousfinancialsupportwhich allow us to keep MoneyWise on-the-air!
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