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Originally Posted by pinkeyy501
My husband has a regular job, but I work from home under LLC. My husband is also a member of LLC. My IRA account is under my individual name, though. Am I not elgible for IRA?
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If you're over the income limit, no, you're not eligible for a Roth IRA. However, since you own your own business, there are other retirement options such as a SEP IRA, SIMPLE IRA, Keogh, etc. Your CPA should be able to steer you in the right direction.
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Originally Posted by pinkeyy501
My uncle who has an accounting degree put together an amortization schedule in Excel sheet and it turns out that in the long run, I would be saving much more money to put $500 towards the big loan with lower interest rate.
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This doesn't seem right to me. For option B, did you take into account that the $500 you were paying on the higher interest loan will be shifted to the lower interest loan after it's been paid off?