reverse mortgage

Reverse Mortgage: Retirees Can Supplement Income

Reverse mortgages are not like a refinance, equity loan or a second loan on your home. However, they do create a stream of income needed for retirement.

 
By: Vishy Dadsetan

For many Americans reaching the retirement age, the equity build up in their home is their only real asset. Reverse mortgage is a way to tap into this asset and create a stream of income needed for retirement or take care of an unexpected financial need that is usually related to health care costs in the elderly.

Reverse mortgage is not like a refinance, equity loan or a second …

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Cash Out 401K to Pay Bills or Pay Off Debt

 

Cash Out 401K to Pay Bills or Pay Off Debt

There are many ways you can pay off your debt and bills before touching your 401K or your other retirement funds. It would be to your benefit to consult with your 401K plan provider or administrator.

 

By: Steven Chang

If you were to ask me if I would cash out my 401K to pay bills or pay off debt, I would not, unless it is my absolute very last resort. There are many ways you can pay off your debt and bills before touching your 401K or your other retirement funds. When you are faced with bills and …

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How a Millionaire Manages One Dollar

 

Million Dollars

A millionaire cycles money from a job, overtime pay, bonus, etc., into investment accounts. A millionaire does not spend earned income! She only spends the income from her investments.

 

By: Francis Kier

If you don’t know how manage a million dollars, I guarantee that the money will quickly disappear if I wrote you a giant check right now. Precisely like 90% of lottery winners that go bust within five years, they didn’t have the basic discipline or the formula to handle the money that would have created a financial foundation that would last for generations. Learn how …

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Options Available for Automotive Financing

 

Automobile Financing Options

From bank loans and finance companies to dealer financing and online lenders, you should carefully look at each option in order to make sure that you get the best deal that you can on your loan.

By: John Mussi

Buying a new car or truck can be a major undertaking and a major expense. If you’re like most people, you won’t be able to pay for your new vehicle out-of-pocket; that’s where automotive financing loans come into play.

With an auto financing loan you’ll be able to borrow the amount that you need to pay for the car or

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Car Insurance: Types of Insurance You Need to Understand

 

Different Types of Car Insurance

There are different types of auto insurance available which include bodily injury and liability, collision, comprehensive, full glace, liability, medical coverage, personal injury protection, and underinsured or uninsured motorist.

 

By: Sara Chambers

America has become a culture of cars, SUV’s, minivans and sports coupes. With all this traveling in and out, back and forth around the maze that is the United States infrastructure, it’s easy to understand why auto insurance is required in order to own and operate a car. For car buyers, an effort needs to be made on the part of insurance companies to provide information …

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Know How to Take Your Financial Lumps

 

Lump Sum Financial Distribution

Under current IRS regulations, you need not begin taking distributions from your traditional IRA until you reach age 70 1/2. However, it is always a good idea to consult with your financial and tax advisors.

 

By: Ken Morris

If you are about to retire or change jobs, or if your employer is terminating the company retirement plan, you may be eligible to receive a “lump sum distribution” as defined in the Internal Revenue Code. Such a distribution may be substantial and may represent the cornerstone of your retirement security. So it is important to consider your options carefully …

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Last Will and Testament Planning Is Necessary

 

Last Will and Testament Planning

Make sure your Will is up to date. Laws change and your Last Will and Testament is your last chance to see wishes and bequests carried out.

 

By: Ivon T. Hughes

Ready to start thinking about your Last Will and Testament but don’t know where to start?

Choosing an Attorney:

Find a lawyer with related areas of expertise, like estate planning and taxation law and check with local the Bar Association to see if the attorney has had any disciplinary actions taken against him or her.

A Living Will is as Necessary as a Last Will and Testament:

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Cover Your Assets!

 

Money

You can become a target of some lawsuit designed to take all your money away. Unless you protect your assets from prowling wealth predators, you are just such a target.

 

By: David Jacquot

You’ve worked hard to develop your career. You did it for yourself. You did it for your family. You did it for your retirement. You did it for your family’s future.

You didn’t do it to become a target of some lawsuit designed to take it all away. But unless you protect your assets, you are just such a target.

THE PROBLEM: Litigation Epidemic & …

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Does the Early Bird Get the Worm?

 

Social Security Benefits

When planning for retirement, the decision of when to begin taking Social Security benefits arises. Social Security is an important source of retirement income and, therefore, the decision can make a big impact on retirement income.

 

By: Ken Morris

When people plan and invest for retirement, the decision of when to begin taking Social Security benefits eventually comes up. Social Security is an important source of retirement income for many individuals and, therefore, the decision of when to take these benefits can make a big impact on retirement income.

A retired worker who is fully insured can elect …

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Federal Reserve Bank – Controlling Mortgage Interest Rates

 

Federal Reserve Bank

The Federal Reserve System acts as the central bank of the United States and every time the board of directors meets, mortgage interest rates are at risk. Therefore, homeowners should pay close attention to the Federal Reserve Bank system.

By: Dan Lewis

The Federal Reserve System acts as the central bank of the United States. Created in 1913, the Federal Reserve sets monetary and financial policies for the financial industry and trades currency with foreign countries. The Federal Reserve also acts as the bank for the federal government. When you send a check in with your tax return, …

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5 Ways Poor Credit Scores Cost You Extra Money

Poor Credit Scores Cost You Money

Your credit history can keep you from getting utility connections, good telephone rates, the best auto insurance, home owner’s insurance, or even keep you from getting hired?

By: Jeannette Joy Fisher

Most of us want a good credit report to obtain automobile financing, credit cards, and to purchase a home. But, beyond these consumer loans, your credit report can cost you in everyday living expenses. What you don’t know about your credit could be costing you money.

Having a credit card means that you can order tickets, rent a car, and reserve hotel rooms. Besides these conveniences, your credit report …

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Feathering Your Retirement Nest

 

Financial Options for Stress Free Retirement

Baby-Boomers have even more than lifestyle questions to consider in choosing their retirement nest. Boomers should take a look at the effect of state tax structures on their projected retirement income.

 

By: Ken Morris

What will you look for as you approach your “golden” years? Will it be an affordable condo on the golf course with room for the grandchildren to visit? Must it be close to friends and family or new “senior” friends living close by? Should it be near good medical facilities?

The average householder 65 or above earns only two-fifths as much as earners age …

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Prenuptial Agreements – Who Needs Them?

 

Prenuptial Agreement

Prenuptial or antenuptial agreements refer to a contract between two persons planning to marry which governs the rights and liabilities of the parties if they should happen to get divorced or in the event one spouse dies.

By: Maury D. Beaulier

Asking serious questions about how you see finances in the marriage partnership may save you pain and money later – and might even save your marriage.

A premarital agreement may also be called an antenuptial agreement. The terms are synonymous. Prenuptial or antenuptial agreements refer to a contract between two persons planning to marry which governs the rights …

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Divorce – Lower Cost Alternatives to an Attorney

 

Divorce - Lower Cost Alternatives to an Attorney

Divorce can affect your relationship with your children, your present finances, and your finances during the next 30 years. How you handle your divorce settlement can affect your life for many years.

 

By: Howard Iken

Many years ago hiring a divorce attorney was financially devastating for many people. Divorce was for the wealthy. The rest of us had no options. We had to beg, borrow, or steal to find the money for an attorney. But now there are more options than ever before for anyone facing a divorce.

Do Everything Yourself:

“Doing everything yourself” has become an option …

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Medicare and Your Health

 

Medicare and Your HealthOlder Americans who are covered by Medicare may benefit from tests for prostate cancer, breast, vaginal, cervical and colorectal cancer, diabetes monitoring, bone mass measurements and pneumonia and hepatitis B shots.

By: Viojeley Gurrobat

There is nothing more important than your health and the health of your family. Of course, education, food and shelter are also important, but at the end of the day the health of our family is probably the most important thing to us. After all, how can we get good education, put food on our table and build our family good shelter when we cannot …

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