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During my days of purchasing homes with mortgages, I had a fondness for adjustable-rate mortgages (ARMs). The appeal lay in securing a lower interest rate compared to a 30-year fixed-rate mortgage. Fu...
Having a clear understanding of Estate Planning is an important step in your Retirement Plan. Estate planning is a crucial aspect of financial management that helps your assets get distributed accordi...
Understanding the fundamentals of Estate Planning is important. Estate planning is a vital aspect of financial planning that ensures your assets are distributed according to your wishes and minimizes ...
Let me tell you a secret, my friends. I’ve been in the real estate game for quite some time now, and I’ve seen it all. The good, the bad, and the downright ugly. And one thing I can assure...
Kiplinger reviews how to find the right home health care for yourself and your situation....
I'm two years out from retirement and still have 6 years left on my mortgage which is $2950/month with a balance around $140k. Rate is 2.125%. I have the funds to easily pay this off without dire effe...
Last month the median U.S. home sale price hit a record high of $387,600, according to Redfin. This is at a time when 30 year mortgage rates are hovering around 7% (down from their highs of 7.7% in Oc...
I plan to retire in a few months and need advice on my mortgage and Helocs. My mortgage will be paid off (balance is $53,000) in ten years(interest rate is variable at 6.62 and will likely change in 1...
Episode 448: The Fed has cut their balance sheet reduction by more than 50% while keeping mortgage rates high. Sign up for free ALERTs & Market Commentary at: https://www.investablewealth.com/subs...
The probate process can be a long and expensive journey for heirs. Real estate, cars and even art often trigger probate, but other assets get a free pass....
I've learned from this space that retirement brings many questions! But here is my own: We're hoping, when my husband retires in three years, to be able to buy a house outright. Is there any good reas...
Are you unclear about what you should leave out of your will when estate planning? Legal experts share the seven items to exclude....
In the multifamily real estate market, the promise of profit often takes center stage, overshadowing the critical consideration of risk. ... Read more...
We're looking at going to New Zealand and Australia, then cruising to Hawaii, then coming back home to Boston. When we went to Hawaii our first time, we broke it up by spending a couple of days in Cal...
Using Excel sheets to track your finances just isn’t cutting it anymore, and let’s face it - they can be about as exciting as watching grass grow. Today, accounting software is streamlined...
Before we get to today’s post, I want to announce the winner of last week’s book contest. After randomizing the entries (I really enjoyed reading all the amazing 180+ comments! Thank you a...
Home equity is sometimes overlooked as a viable resource in retirement. You don’t have to sell your home to find income and liquidity....
Why storing gold at home in a self-directed IRA violates IRS regulations and what to do instead....
Home » Online Wills and Trusts Updated: Creating a will is one of the most important steps you can take to ensure your wishes are carried out after your passing. A legally valid will provides cl...
In today's episode, we examine the recent IRS Chief Counsel Memorandum, which introduces significant changes to one of the cornerstone strategies in estate planning. We explore how these new guideline...
I was eligible for retirement and did because spouse became terminally ill and I wanted to do home care. Fast forward three years, spouse passed away. Spent 2 years climbing out of that depression and...
This financial professional was motivated to get her estate plan in order after the untimely death of a loved one. She shares six simple steps to do that for yourself....
For many golfers, owning a home on or near a course is the ultimate retirement dream. Here's my pick of destinations for those looking overseas for a golfing haven…...
Home ownership is the goal of many retirees, but with the current landscape of interest rates, home prices and longevity predictions, the choice between renting or buying a home in retirement requires...
I've now paid cash for a home twice: once for a fixer in 2019 and again for a fully remodeled home in 2023. In this post, I'd like to share some of the psychology of paying cash for a home. I know som...
Did you have a good Memorial Day Weekend? I heard on the radio that it was one of the busiest travel days ever. Boy, am I glad we stayed home. I hate traveling when the airports are so busy. Anyway, i...
I have some $’s in an IRA and 401k but most of my (limited) net worth is tied up in home equity. Someday (maybe sooner than I hope) I’m gonna retire and downsize. I get lots of home equity...
There are many technological solutions to help retirees live at home, rather than enter homes and communities....
I read post after post of those downsizing as if it's the only way to go. We are in our late 60s. Live in a 2500 sq ft home on 2.5 acres in NY. We are looking to move either down south to NC or Georgi...
I live in an old neighborhood in which the existing housing stock is being replaced with new builds. At age 75 and hope to be here for another 10 years if I’m lucky. I’m wondering whether ...
My wife is retiring in 2 years and we have our heart set on selling our big and expensive home in New England and relocating to either Arizona or Florida. I am thinking about the pros and cons of and ...
Fewer people with disabilities applied for federal benefits during COVID. The main reason for the drop could’ve been anything from the ease of working at home to evade the virus to the difficult...
Retiring in 5 weeks and feeling exhausted I’m retiring at the end of June from a clinical laboratory scientist position .I’ve been coming home from work and basically collapsing every nigh...
A guide to how to navigate estate planning as a single person....
By Dr. Hamik Martirosyan It was the best of times. It was the worst of times. It was the sponsors with conservative leverage and fixed-rate loans. It was the sponsors with all variable loans and high ...
There are many reasons to avoid probate when planning for your estate. Avoiding probate avoids the hassle of having to go to court, which can be costly....
As a stay-at-home mom, you offer a unique level of resourcefulness, creativity, and organization, making you an ideal candidate for a slew of side hustles. Below, we’ve shared some of the top si...
By Christopher Avery, Guest Writer “Death never takes the wise man by surprise, he is always ready to go.” — Jean de La Fontaine Most people are un- or under-prepared for their inevi...
There was another post recently, its now locked, about retirees who downsized to a guest house on their child's property and how freeing it was. We did something similar, sold our house and moved into...
Hi there. I don’t know if I am able to use Silver Sneakers at two local gyms. One that is quite a bit of a drive has a lap pool - the other one that’s a few minutes from home is a nice fit...
Looking forward to retiring this summer. We've got a studio apartment in our home that I will rent out on AirBnB and I've got a small trust ($650/month) from my dad passing last year. My wife will con...
Have you thought about getting a mortgage for your home in retirement? If so, have you strategized how you would pay it off? In this episode, we explore Scott’s question about pursuing a mortgag...
We (61m & 60f) are getting ready to downsize and move to a townhouse in a mid size city. The difficult question is if we should sell our very big suburban house (with equity but also a big mortgag...
Are there lessons we should learn from the comparison of the Rockefellers and the Vanderbilts? In this episode, we look at the contrasting estate planning tactics of two of America's wealthiest dynast...
I’m about 24 months out from ‘retirement’ (e.g, working for someone else). I have a decent salary, kids are independent, and no debt other than a mortgage. When I retire, downsizing ...
We( couple 60yo ) began talking about downsizing about 7 years ago. Through luck and a lot of tough decisions we accomplished it. So We started with a 3000 sqft home - then to a 1400 square foot Condo...
Home, auto, & umbrella insurance are too often a footnote in wealth management, but a good agent can make a huge difference....
If you want to make the transition from a full-time job to being a stay-at-home mom (or dad), here are some issues to keep in mind....
By Dr. Dan Fosselman, Guest Writer There are multiple rules of thumb in personal finance. Set aside 15%-25% for savings, don’t spend more than 30% on housing, tithe 10%. John Maxwell, an author ...
You may feel like a mortgage prisoner, but your options may be more doable than you think....