The government offers a choice of withdrawing all your IRA savings or receiving smaller payments after age 70 1/2. Q: When I retired a few years ago, I moved my 401(k) into an IRA. Now that I am 70, I got a letter stating that I need to make withdrawals from the account, and giving [...]
How to transfer home ownership to a family member. Before transferring home ownership to a family member, talk with an estate planner and real estate attorney to determine the costs and savings. Q: My brother and I own a home together. We are both on the loan as well as the deed. We originally lived in [...]
Transfer property with LLC using a quitclaim deed. A property transfer with an LLC is not always the best solution for transferring inherited property. Property transfers with LLCs are better-suited for estate planning and would cause problems for most mortgage lenders. Q: My wife and I really enjoy your radio show. My mother passed away [...]
How to avoid a foreclosure on a rental property: instead of letting a rental property go into foreclosure, attempt to refinance your mortgage or try a short sale. Q: My husband and I are contemplating allowing our rental property to go into foreclosure and desperately need your advice. When we married in 2010, we had [...]
Most Americans insure their homes, cars, health, jewelry, and even their phones. Only a select few have their legs insured or are covered in case the star quarterback on their fantasy football roster tears his ACL in the first game of the season. These strange insurance policies exist, usually backed by specialist insurance company Lloyd’s [...]
While your big travel plans might be focused around visiting family for the holidays, one of the best ways to enjoy family fun without a lot of planning, and without busting your budget, is to take a “staycation.” You don’t have to go very far to make memories—a staycation can be enjoyed in your own [...]
One of the best ways to build wealth over time is to invest. Many parents know this truth, but unfortunately they do little when it comes to teaching their children about investing. While you want to help your child learn about saving money and making smart spending choices, don’t forget to help him or her [...]
If you’re working a regular 9-to-5 job with good benefits, you probably have access to an employer-sponsored investment account such as a 401(k). While it’s not always a guarantee these days, your employer may also match your contributions to such an account as an added boost. However, if you’re a business owner or a freelancer, [...]
The 2012 Presidential election is coming, but can either candidate help us avoid falling off a fiscal cliff? Will we fall into Great Recession Part 2? And as usual, providing personal finance advice, real estate advice and consumer advice on the Ilyce Glink Show on September 30, 2012 at 12:00 Eastern Time on WSB Radio. [...]
Ilyce Glink show notes from her September 30, 2012 show on WSB Radio predict Great Recession Part 2. Recession is coming. I know I've been saying this to you, but I can tell from your emails that some of you aren't listening. For some of you, it's 2007, and everyone is buying stuff - houses, [...]
