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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....
I've paid over $350,000 of rent in my life. That averages out to $2,500 a month since mid 2012. And, with near record interest rates and elevated home prices, I may end up paying another $350,000 in r...
It’s pretty crazy to think that we’ve now been living in an RV for over 7 months. Yes, we’ve taken a couple of breaks and stayed at my mother-in-law’s house for a few weeks twi...
Understanding how home prices fluctuate over time is one of the most intriguing insights gleaned from my post on the reasons behind property bidding wars. Learning how prices change will empower you t...
Well folks, as anticipated, bidding wars are back with a vengeance, at least here in San Francisco. If I were a real estate agent, I would never encourage my clients to engage in a bidding war. Winnin...
As the world becomes more connected and technology continues to advance, the healthcare industry is evolving to meet the needs ... Read more...
I retired last year at 60. My wife plans on retiring next April at 60 as well. We’ve done ok in life relatively speaking. We will be able to buy a retirement home and live near our kids fairly c...
No, but here’s what we learned. Writing a will can improve the transmission of wealth across generations, by preventing the dissipation of assets such as a family home when divided among multipl...
Know how to navigate the IRS regs to capture the tax credits under the Inflation Reduction Act....
Snowbird wannabe here. I am hoping for suggestions from active snowbirds who take their pets with them and have experience renting pet friendly accommodations. I have two small dogs that have to come ...
While you’re decluttering your home for spring, consider taking a crack at cleaning up your finances and old paperwork, too....
My main goal* was to build an investment and cash portfolio of$1,120,000* ($1,000,000 to retire on and $120,000 to pay off the house) in1500 days**, starting from 1/1/2013 and ending in February of 20...
Here’s how to use your home equity in combination with an annuity contract to produce late-in-life income....
Contrary to popular belief, the Federal Reserve does not exert complete control over mortgage rates. Instead, it influences them, with the bond market determining the subsequent course of action. The ...
I can't stand it. I lost $2k last week due to stock market volatility. I understand that a 401k is a long term investment, or you make more conservative choices. Screw that! I can put my money in the ...
So far it's been great. Work was never my life so I don't miss it. I didn't have friends so I don't miss them. My wife is the only person I talk to on a regular basis. No debt, modest home paid for, L...
Nursing facilities that receive federal funding through Medicare and Medicaid (effectively all of them) will have to employ enough staff to provide at least 3.48 hours......
The antiquated argument that personal finance should be taught at home simply looks silly in 2024....
What to know about selling your home in order to downsize in your retired years....
Recently, I received a capital distribution from a private real estate fund, and it couldn't have come at a better time. The experience brought me both joy and relief, prompting me to share it in the ...
With the high cost of housing in much of the United States (as well as other countries), many people are looking for ways to accommodate more family members in their existing properties. Whether your ...
We (M 65, F 59 both still lol working and plan to along as possible) own 3 homes and plan to sell two of them to partially fund our retirement. We’ll sell home #1 and bank the $500K tax free cap...
We've gotten rid of excess stuff. Now readying for showing. Those who've been there/done that: Privacy. We get people may open bathroom cabinets/drawers, etc. And even more. How do you maintain privac...
New Yorkers create a space that’s better suited to life in their 60s...
What is private credit and where does it fit in your investment portfolio? At age 60, Hope is tired of working and she’s hoping to retire in 2-3 years. Should she factor home equity into her ret...
My main goal* was to build an investment and cash portfolio of$1,120,000* ($1,000,000 to retire on and $120,000 to pay off the house) in1500 days**, starting from 1/1/2013 and ending in February of 20...
After delving into the exorbitant prices of new luxury cars, I've come to the realization that a larger segment of the population is purchasing such vehicles than I initially thought. This trend poses...
Below, we’ve created a list of 12 true online, work-from-home positions with no upfront investment. None of the roles listed below require purchasing inventory, buying a paid course, or any othe...
Listener Ray is wondering what to do with his home as he embarks on a nomadic, van-life journey in retirement. Should he sell it to finance his travels or retain it for potential appreciation and cash...
Today Kathe Kline, together with guests Barbara Mock and Marni Jameson, dive deep into the emotional and practical aspects of rightsizing in retirement. This episode isn't just about downsizing; it's ...
In today's episode, we discuss the landmark $418 million settlement involving the National Association of Realtors (NAR) and its potential implications for the real estate industry. As retirees and ot...
For those of us who have a home mortgage, paying it off may not be an option. Either you lack sufficient cash, or retiring the mortgage early would leave you cash poor and vulnerable. Even for those o...
While COVID was raging, the jump in house prices and a rising stock market were dramatically improving U.S. workers’ retirement finances. In 2022, the share of households that were not saving en...
Wish me luck. I’m telling my boss of my intention to retire at the end of May. I’m 64 and my numbers look good. I have a good job and have been working from home for 10 years Work in a goo...
Buying a home is often considered the biggest financial decision people make in their lives. As a result, it makes sense as to ask yourself whether buying is the right choice when compared with rentin...
These mountain towns feature majestic peaks and reasonable housing costs....
Who stands to gain the most from the settlement reached with the National Association of Realtors regarding commission price collusion? The clear beneficiaries are residential real estate investors an...
I soon will be selling my house to move into an apartment. I'm very excited for the move as the joys of homeownership have been getting less joyful. In the next couple of years, I may (or may not) dec...
COVID has wreaked havoc on the nursing home industry’s staffing. Prior to COVID, only one in five nursing homes had to hire some of their workers from outside agencies to fill in as caregivers f...
If you're aiming for more value and cost-efficiency, you might find it surprising that opting for a more expensive home over a median-priced one could be the way to go. While it may seem counterintuit...
Here's what to do when Medicare won't pay for a nursing home facility....
If you have gaps in your plan for retirement income, you might consider adding the value of your home to your planning....
While going through my reader case queue, this one caught my attention. This reader about to give birth and it immediately took me back to my labour and first months with Little Matchstick. Wow, time ...
Exciting news for homesellers and homebuyers! The National Association of Realtors (NAR) has reached a settlement in its lost $1.8+ billion lawsuit on price fixing and collusion, agreeing to pay $418 ...
RIAs must consider the bottom line when evaluating health care planning options, but the positives of delivering more holistic and comprehensive planning to your clients should not be overlooked....
The conventional wisdom for older workers heading into retirement is that owning a house is a good thing. The property has no doubt appreciated over many years, adding to their wealth. But new researc...
After 40 years living in our home, we’re selling and relocating to an apartment to be closer to family. Our home is modest and small so we’re not forfeiting too much square footage. But I&...
If you’re a night owl looking to work from the comfort of your home, night shift remote jobs are right up your alley. As more companies begin to embrace flexible work schedules, there are plenty...
House approves amendment with strong bipartisan support Thursday, with a broader package of…...