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Archive for the ‘Home Ownership’ Category

To Pay or Not to Pay

Posted in Home Ownership, tagged , , , on June 8, 2010 | Leave a Comment »

Recently Ted and Tina met with me to discuss their dilemma about continuing to paying their monthly mortgage. Like many others, their home value had decreased significantly over the past few years from the financial meltdown that has occurred, particularly in the housing market. Today, the value of their home is about $222,000 and the [...]

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What I Learned From the Tax Season

Posted in Education, Employment, Home Ownership, Medical & Health Issues, Taxes, tagged , , , , , on May 25, 2010 | Leave a Comment »

Part 3 of 3 In my last blog, I discussed an item that is surprising many taxpayers – taking a withdrawal from their IRA. As we learned, taxpayers under age 59½ usually have to pay taxes on a distribution from an IRA and pay a 10% penalty. But there are times when you don’t have [...]

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What to Do with My Inherited IRA – Part II

Posted in Credit/Debt, Education, Estate Planning, Home Ownership, Investments, Retirement, Savings, Taxes, tagged , , , , , , , on April 7, 2010 | 9 Comments »

In my last blog I was discussing the issues that Lucy had related to an IRA she inherited from her father who passed away recently and what she should do with this new-found wealth. I also discussed the financial challenges she had because she was unemployed for the past year, had two children going to college, [...]

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Annual Fiscal Review: Spending

Posted in Banking, Employment, Home Ownership, Investments, Medical & Health Issues, Retirement, Savings, Taxes, tagged , , , , , , , , , on March 10, 2010 | 3 Comments »

The medical profession used to recommend that everyone have an annual physical. A physical can help identify many diseases in their early stages when you still feel healthy. Most people paid attention to that recommendation and had their body checked out to look for these early warning signs. Some people are also committed to an [...]

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Love is in the Air – Planning Past the Wedding

Posted in Banking, Credit/Debt, Divorce, Education, Home Ownership, Insurance, Investments, Retirement, Savings, tagged , , , , , , , , , , , on February 17, 2010 | Leave a Comment »

Have you noticed the magazine covers this month? Not that one — Sports Illustrated notwithstanding, you are probably looking at several wedding covers on the magazines in your grocery checkout line. If you have young adults in your family, chances are you’ve experienced the wedding vortex on some level or may soon. If you are a [...]

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Pants On The Ground

Posted in Disaster Planning, Home Ownership, Insurance, Investments, Retirement, Savings, tagged , , , , , , on February 15, 2010 | 3 Comments »

Pants on the ground Pants on the ground Lookin’ like a fool with your pants on the ground With the gold in your mouth Hat turned sideways Pants hit the ground Call yourself a cool cat Lookin’ like a fool Walkin’ downtown with your pants on the ground By General Larry Platt Okay, I’m quite [...]

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The Hidden Costs of Home Ownership

Posted in Home Ownership, tagged , , , , , , on February 12, 2010 | 1 Comment »

As I work with young professionals a common goal is home ownership. Everybody’s heard the common refrains of “renting is throwing your money away” and “mortgage interest is deductible” but there is a lot that is often not considered when looking at what will likely be your single largest purchase. Owning a house costs more than [...]

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Planning for Uncertainty

Posted in Credit/Debt, Disaster Planning, Education, Employment, Home Ownership, Retirement, Savings, Taxes, tagged , , , on February 8, 2010 | Leave a Comment »

One of the biggest problems with how we as a nation are addressing — or not addressing — present and future economic problems, such as the national debt, is the uncertainty it creates in your personal financial planning. There are always aspects of uncertainty, but with the level of today’s unknowns, planning decisions are much more [...]

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A Reverse Mortgage Could Be A Wise Move For Some Retirees

Posted in Home Ownership, Retirement, tagged , , , , , , , on January 8, 2010 | 10 Comments »

The poor economy and tight credit market has sent many of our retired clients scrambling for sources of cash to fund large expenses. Short of selling off investments or going back to work, there are a limited number of options. One option that has become popular recently is the reverse mortgage or home equity conversion [...]

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New Year’s Resolutions of the Financial Kind

Posted in Employment, Home Ownership, Insurance, Investments, Retirement, Savings, tagged , , , , , , , on December 16, 2009 | Leave a Comment »

While it isn’t quite New Year’s just yet, we are getting close. So this month I thought I’d share some thoughts regarding that most popular tradition — New Year’s Resolutions. Only these are resolutions of the financial kind. The very first resolution on your list for the coming New Year should be to get a written [...]

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