A daughter rents out a condo to her mother. After the mortgage is paid off, the daughter needs to make sure she still gets the rent checks. Q: Earlier this week, a radio caller to your show asked about paying off the mortgage on the condominium she owns in Flint. She said she had bought [...]
Taxes owed when selling a home that is not your primary residence. If you are selling a home that is not your primary residence, you will have to pay taxes if you made a profit. Q: I recently sold a townhouse and was concerned about how much tax I would be responsible for paying. Basically, [...]
Any parent knows that kids are expensive, but sometimes they can be even more of a strain on your budget than usual. Once your athletic kid gets close to middle school, you’ll likely face the “club sports” question: Should you encourage your child to join a more competitive—and more expensive—traveling team? Club teams are usually quite selective [...]
You’ve been responsible with money your entire life, setting some aside for retirement or to build up a rainy day fund. Then something unexpected comes up—a long stretch of unemployment, an illness with major medical bills, or major unanticipated home repairs—and you suddenly find your savings depleted. I’ve worked with clients who have gone through some of life’s [...]
Negotiating real estate purchases is a skill that everyone needs to have before they enter the housing market. It's your investment. How do you get the deal you want from the seller? And as usual, providing personal finance advice, real estate advice and consumer advice on the Ilyce Glink Show August 19, 2012 on WSB [...]
My friend announced that she and 300 co-workers found themselves facing unemployment, as their jobs were outsourced less expensively overseas. Companies tightening their belts often will eliminate employees and hire contract workers, whether directly (freelancers) or indirectly (overseas). Employees mean payroll taxes, workers compensation insurance, sick days, holidays, vacation days, and other benefits, including health insurance. Because [...]
In The College Solution, Lynn O’Shaughnessy provides an easy-to-use roadmap that you can use to find the right colleges (not just the most hyped) and to dramatically reduce your costs. In this excerpt, learn more about saving for college and finding private scholarships. If you’re interested in hunting for private scholarships, here are some tips to increase your [...]
While an investment portfolio is great way to build wealth, many investors are unaware of the variety of fees that are a part of just about every investment one can make. Mutual funds, annuities, stocks and essentially all other investment vehicles come with fees attached. Some fees show up only at the time of purchase and/or sale, but others [...]
Unemployed and stuck with nothing but tough choices? You are not alone. Homeowners like caller Pam have lost home value and look to refinance mortgage loans with no income. And as usual, providing personal finance advice, real estate advice and consumer advice on the Ilyce Glink Show August 12, 2012 on WSB Radio. I wanted [...]
