First Time Home Buyer Considers Home Purchase
How old is too old to be a first time home buyer? You can be 53 or 70 and still buy your first home - you just need to be aware of your changing responsibilities. When you own your own home you no longer have a landlord to call for help with maintenance. Regardless of your age, you should thoroughly research buying a home before taking that step.
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Mar 20, 2009
Making Home Affordable Web Site Debuts
The federal government launches a new Web site today: MakingHomeAffordable.gov
The site is geared to two main groups: homeowners whose homes have lost value and cannot refinance; and homeowners who are having trouble making mortgage payments because their loans have increased interest rates or…
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Mar 19, 2009
Mortgage Lending Reform Testimony
Sandra F. Braunstein, Director, Division of Consumer and Community Affairs, Federal Reserve
Mortgage lending reform
Before the Subcommittee on Financial Institutions and Consumer Credit, Committee on Financial Services,
U.S House of Representatives, Washington, D.C.
March 11, 2009
Chairman Gutierrez…
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Mar 11, 2009
Buying A Home? Figure Out Needs And Wants First
Before you start buying a home, you should figure out what you want in that home. What are your must-haves and deal-breakers when buying a home? Creating a home buying wish list can also be a test for your relationship, if you're buying a home with a partner. Learn how to put together an effective list of your needs and wants for buying a home.
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Mar 10, 2009
Withdrawn IRA Money Subject To Income Tax
Should you withdraw money from a traditional IRA to pay off your house? In light of the struggling economy, does the federal government offer any tax breaks if you take money out from an IRA in 2009? And if you're over age 70 1/2 do you have to withdraw money from your IRA this year and in many cases lose money in the process? What factors should you consider if you're debating whether to pay off your house with IRA money?
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Mar 10, 2009
Questions About Investing In Bonds
Are bonds a good investment for a senior? Where can I learn more about bond funds? What happens to corporate bonds when the company files for bankruptcy? Here are answers to several questions about investing in bonds.
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Mar 3, 2009
Financial Crisis Testimony From Secretary Geithner March 3, 2009
U.S. Treasury Secretary Tim Geithner
Written Testimony -- As prepared for delivery
House Ways and Means Committee Hearing
March 3, 2009
Chairman Rangel, Ranking Member Camp, members of the Committee, thank you for providing me the opportunity to appear before you today to discuss the President's…
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Mar 3, 2009
Retirement Plan Diversity
When setting up a retirement plan, you should always be sure you have a diverse set of investments. You should never put all your retirement money in one place, like an employee stock option program. That is dangerous given the economy. Instead, you should put money in a Roth IRA or a conventional IRA which you have control over.
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Mar 2, 2009
Investments For Retirement Savings
Deciding how much to invest for retirement can be tough but www.money.com has a calculator that can help with your financial planning. If you want to talk to someone about financial planning for retirement, you can call 888-FEE-ONLY for a help. If you contribute regularly to a 401(K) or IRA and are thinking about changing your contributions because of the down market, you should continue your current investment strategy. And if you usually put your contributions in a Fidelity Magellan Fund or Janus Fund, these investment fund offer an excellent return over time.
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Mar 2, 2009
Seller Disclosure: Buyer's New Home Has Broken Furnace
What is required under seller disclosure? A few months after buying a home, the new homeowners realize they need a new furnace. but seller disclosure didn't indicate that there was anything wrong with the furnace. Ilyce asks if the homeowners had a home inspection prior to closing, and takes them through whether they have a case under seller disclosure - or lack thereof.
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Posted on:
Feb 28, 2009