Financial Planning Content Index - Page 1

Financial planning is when you develop a plan for your money. Financial planning is the process of determining what your goals are and how you can reach those goals with your money, usually through investments. In some cases, people hire financial planners to help them. Financial planners may have a variety of credentials and may work on a fee-only basis or for a commission. Learn some financial planning tips here.

**No Health Insurance Leaves Wife with Husband's Medical Bills And In Need Of Help** No health insurance coverage can saddle anybody with debts beyond any means of repayment. But when a loved on dies and leaves those medical debts, spouses and family members are left to pick up the pieces. Proper estate planning is a must to make sure debts can be paid after debt and that property assets go to the right people.

$8,000 First-Time Home Buyer Tax Credit Being Used Illegally? You Betcha!

**Gift Tax Limits And The Purchase Of A Home** If you are a parent and want to assist your child in the purchase of a home, you may want to give your kid a gift. But if that gift consists in the entire value of the home, you may have gift tax limits and federal gift tax consequences to deal with. While you should still be able to give the gift and will have gift tax consequences, your child will still be able to purchase a home with your gift.

Ilyce Glink Show Notes - October 4, 2009; Atlanta Flood update; September job cuts and unemployment rate rises; Moving to Montana; Section 8 real estate investing; how to find an estate attorney; HUD-certified housing counselors and Net Present Value (NPV) calculations and why people can't get loan modifications; FREE BOOKS and EBOOK DISCOUNT DEAL; Taylor Bean Whitaker

Today on the Ilyce Glink Show, Ilyce went over the latest economic news, including an Atlanta Flood update, September job cuts and unemployment rate rises. Ilyce took questions from callers, and she weighed the pros and cons of Section 8 housing with an investment property owner who is thinking about converting his rental into low-income housing. Ilyce also advises a caller who is taking care of her mother's long-term care to update their wills with an estate attorney. Listen to the podcast here, and check [Ilyce's blog for more show notes and links.](http://www.thinkglink.com/blog/2009/10/04/ilyce-glink-show-notes-october-4-2009)

**Transferring Home To Children When There Is Mortgage Trouble: What To Do With The Family Farm** A son works the family farm. Now his father is in mortgage trouble on another property. The son wants to know about transferring the home to himself now to avoid the loss of the family farm. He has worked the family farm for some time and his father's will intends on transferring the home to him upon his death.

**LLC vs Corporation: Is An LLC Better For Real Estate Investing** Most people prefer an LLC for real estate investing. But some accountants still recommend that their clients use an S Corporation to invest in real estate. LLC, or limited liability companies, have become the method of choice for real estate investors. Most states have laws that permit the use of limited liability companies or some other company structure that is similar to an LLC.

$8000 First Time Home Buyer Tax Credit And Money From Parents With the $8,000 First Time Home Buyer Tax Credit due to expire on November 30, 2009, parents are coming to the aid of their children by giving them money or buying a home with them to qualify and take advantage of the tax credit. If you are single and have not owned a home for the prior 36 months and make $75,000 or less and buy a home worth at least $80,000, you should qualify for the $8,000 first time home buyer tax credit. But there are exceptions.

Losing Earnest Money When An Appraisal Comes In Too Low If you sign a contract to buy a home and the appraisal comes in too low, what should you do? Are you at risk of losing your earnest money or down payment on the home? How do you prevent getting yourself in a situation where your earnest money is at risk in a volatile real estate market? First, you should make sure you understand the homebuying process, read the purchase and sale agreement, and get help when you don't understand something.

How much should I save each month? That's a question many Americans are pondering in the aftermath of the Great Recession. Some things never change: The more you save earlier in life, the more savings you'll have for retirement. This article includes money-saving tips, as well as a discussion of short-term and long-term financial goals, including saving for retirement. Also included are tips to help you plan our how much you should save each month.