We don’t usually think of investing as a sporting event. It’s much too serious for that. Still, there are similarities, especially if you consider some of the great comebacks in sports history. Investing is also a game of recovery. We’ve all made mistakes with our investing, but achieving victory is all about perseverance, not perfection. Today on MoneyWise Rob West and Steve Moore welcome investment expert Mark Biller to talk about getting back up, dusting ourselves off, and trying again. Next, they answer your questions at (800) 525-7000 and [email protected] about the following:
-My mom and dad are in their 90s. They are at home but not able to take care of themselves. My wife is a nurse and can help take care of them. If my brothers and I pay her to help them out, what are the tax implications for her?
-Does income from my 401(k) have any impact on my taxes?
-Someone asked me to cosign on their car loan. Is there ever a time that it’s OK to cosign?
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