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Posts Tagged ‘bills’

money for school / bills and maybe buy a farm land?

09 Mar

Hello

Last year I lost my transplated kidney and need a second kidney transplant, because I get sick during dialysis I am not able to work. Spent the last 12 years in banking and at the end I was a manger, I never liked banking because of the deceptive ways we were encougraged to sell bank products specially annuities and as a manager I was reprimanded if I did not fill my branch goals ( don’t ever buy annuities from a banker) I have decided to go back to school and study hospital managment and bioethics. I was looking for information on:
1. Grants for school I hope to go to Loyola in Chicago?

2. Grants or help to pay off some credit card bills?

3. I have heard that people get grants to buy farm land don’t know if this is true but would be nice to own a small organic farm.

Thank you for your answers.

 
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What are the tax consequences for senior citizens who have to sell their homes to pay for medical bills?

19 Feb

My parents are in their 70’s and my father has Alzheimer’s. They have decided to sell their home and should clear about 85K from the sale. I would like them to move closer to me (I’m their daugther) and rent a small apartment until we see how my father’s health progresses.

Will they have to pay income tax on the 85K from the sale of their home? They don’t have a lot of income – they live on their Social Security and about $500 from a small pension and an annuity.

We were hoping to bank the 85K for future use in case my father needs to go into assisted living when his Alzheimer’s gets worse.

Thanks.

 
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