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Asset Limit Questions (Ira: low inc皇冠ome, rent, ey

时间:2025-09-26 17:27来源: 作者:admin 点击: 10 次
Hi everyone: I have just been asked to apply to my first lottery and while I am well within the income limit, I am 25K over the asset limit due to a

Consulting a professional like a CPA and/or financial/tax advisor might discover some ways to reduce assets. The OP has mentioned some already.

Of course, if you are a long shot be careful with your money.

Other possibilities that might not break rules. Giving money to family members. If rules are followed it might not affect their income.

Perhaps, buying insurance, life insurance, long term care insurance, and so on might work.

Pay or replace things earlier than absolutely necessary. Pay your taxes right away, they can’t be avoided so might as well do now. Replace or repair a car, personal computer, higher end cell phone. New Rx eyeglasses. And so on.

If you open a college savings fund for yourself or a family member would that shelter money from being considered an asset? I don’t know what happens if you never tap the funds in such an account, can you leave it in your will? can you request a payout? Do you get hit with a loss of fees or penalties? Consult a knowledgeable professional person.

Go and see a dentist. I bet they can recommend dental work that will absorb money. One root canal and crown would likely be more than a two thousand dollars. Likewise, a podiatrist.

(责任编辑:)
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