You’ve seen the commercials with celebrities touting reverse mortgages; ever wonder what they are? Actually, they are just what they sound like: It’s a loan; but the lender pays you and they don’t get their money back until you (or the last surviving borrower) die, sell the home, or `permanently’ move out of it (usually for a year or more). You or your heirs keep the difference between the value of your home and what you owed on the loan. Continue reading
Could it be?
Apparently, according to the 2012 Fidelity Millionaire Outlook Study. They found a rather large gap between what women and men look for in planning their financial futures. Continue reading
Believe it or not, car buying isn’t as much of a hassle as it used to be – the reason is simple: There’s so much available information through internet sites.
If you’re looking at a new car, it’s now possible to see exactly what the dealer paid – and, I’m not talking about the ‘dealer’s invoice’; that’s a marketing ploy, as is the manufacturer’s suggested retail price (MSRP). Continue reading
Back in 2006 the government passed a law that took effect in 2010 lifting income restrictions on converting individual retirement accounts (IRAs). Now, there’s no limit on conversions nor a cap on the amount that can be shifted. Continue reading