Adding Name To Property Title May Not Be Best For Friends
Buying a home is hard enough. Owning a home is even tougher. But sharing your ownership interest in your home and adding the name of a friend to the title to the home should be done only after careful consideration. You must consider whether you are just friends, will be married, possible breakups…
Moving 401(k) To Live Off Interest
Moving or withdrawing your entire retirement account will result in owed income taxes. If you’re ready to retire, a financial advisor can help you set up your accounts to help you live.
Here are a few resources on finding a financial planner who specializes in REITs.
When choosing funds for a 401K retirement plan, you can use a variety of planning programs on the internet: Morningstar, U.S. News & World Report or Quicken. One of the top investment choices for a retirement plan are mutual or index funds. Vanguard is the oldest of the index funds and is the…
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…
Retirement Planning: Refinance Mortgage For Property Financing?
A couple is 5 years from retirement and asks Ilyce whether they should refinance their existing home to finance the purchase of property that they will eventually build their retirement home on. Ilyce suggests holding off on refinancing their existing home and buying the vacant lot, because they…
Making good financial decisions with an inheritance can have a major payoff. Using the inheritance to pay off debts and create an emergency fund is a good start. A 529 college savings plan can be used for the inheritance to be stocked away for college.
Rental Property Income Pays College Tuition
Can non-traditional methods, like income from rental property actually pay for college tuition? Income from a rental property - not just CDs and stocks can help you save money for your child's college tuition. After paying college tuition, the income from rental property can be saved for retirement…
Financial Planning: Save Money But Spend A Little
Financial planning and saving money is the responsible way to prepare for the future. But sometimes too much financial planning and saving money can be a bad thing. Don't let your financial planning get in the way living a happy life.
Claim Mortgage Interest Tax Deduction If Name On Documents
When you buy a home you may want to write off the interest you pay on the mortgage loan. But who can claim the mortgage interest when the person making the mortgage payments may not have his or her name on the mortgage loan documents? In order to claim mortgage interest on taxes your name has to be…
What's the best way to save for retirement? To fund your retirement, you can choose from a number of different retirement plans like a 401(k) or Roth IRA. You'll also need to decide if you want to save money for retirement before paying income taxes or after. And learn how much money you will get…
Personal Finance and Marriage: When To Consult a Financial Advisor
Marriage means compromise when it comes to personal finances. Two people often enter a marriage with differing views on personal finances. Sometimes the differences are so great that the married couple needs to consult a financial advisor in order to create a united view on their joint personal…
Real Estate Minute: Are Women Insecure About Money?
Real Estate Minute with Ilyce Glink Are Women Insecure About Money? Original Air Date: September 12, 2006
Real Estate Minute: Prepare For The Curve Balls Of Life
Real Estate Minute with Ilyce Glink Prepare For The Curve Balls Of Life Original Air Date: September 11, 2006
Real Estate Minute: What’s Your Disaster Plan?
Real Estate Minute with Ilyce Glink What’s Your Disaster Plan? Original Air Date: September 2006
Retirement Investments And Estate Planning: Finding A Financial Advisor
There are several places to go to find a qualified financial advisor to help you decide on retirement investments and estate planning. Flat fee financial advisors who can assist you on decisions dealing with retirement investments and estate planning is through the Garret Planning Network. The…
An elderly woman sold her home and gifted a large sum of money to her daughter with the understanding that she would be taken care of. Now, the daughter is not holding up her end of the deal. Does the mother have legal recourse?
Renting Apartment Instead of Buying Condo
If you're debating over continuing to be a renter or buying a condominium, you need to assess your short and long-term goals. Short term - what do interest rates look like? How do you want to use your current resources - building equity or having the money to travel? Long-term goals include where…
College Financial Planning Includes Scholarships, Federal Aid
After you're done saving for college you'll likely be applying for federal financial aid. How is federal financial aid affected by scholarships, grants and other money? Federal financial aid usually includes student loans. The exact effect of scholarships and grants on student loans will depend on…
Financial Planning With An Unsteady Income
It's hard enough to sit down and create a financial plan when you have full-time job generating a regular income. Add an unsteady income and financial planning becomes an even bigger chore. Sometimes it takes a little unconventional investing and sometimes using an investment firm to help with that…
Financial Planning Before Marriage
It is important to talk about your personal finances with your future spouse before you get married. You and your fiance should sit down to talk about your money values: How you feel about money, how much cash you need to live on, what you're willing to give up in order to save money. Do you and he…
Budgeting To Get Finances Under Control
Budget planning can help make the most of your personal finances by prioritizing your expenses. If you own your home, a home equity loan can be used to help straighten out personal finances and get you back on track. Taking a second job short-term can also help boost income to straighten out…
Tax Implications For Elderly Selling Property
You may have to sell some assets to pay for assisted living for an elderly family member. If the asset being sold is a home, what taxes will have to be paid and at what rate? It depends on who owns the home and how the property is sold. Learn about the factors you should take into account for…
Pay Off Refinanced Mortgage Or Invest Overpayment?
Should you pay off your refinanced mortgage or invest the money you planned to use to over pay the mortgage? What if your financial planner advises you not to pay off your refinanced mortgage and instead invest that money she was planning to use to overpay her mortgage. Ilyce gives advice whether…
A CFP is a certified financial planner. A ChFC is a Chartered Financial Consultant. How do you know which will be best to help with your financial planning?
