I learned two interesting things this past weekend. The first is that lightning can strike at any time and it can hit close to home. The second that you need to make sure your insurance policies are up to date and that you have the right insurance carrier to help you out. Do you have [...]
Q & A with Financial Planning Expert Roger Wohlner Beginning Financial Building Blocks Beginning a Career Q: I’m just starting out in my career. I put money monthly into a 401(k), but what else should I be doing? Roger Wohlner: Funding your 401(k) is a great start. You should also look to build up an [...]
Housing Crisis News on the Ilyce Glink Show July 24, 2011: What passes for good news in the fifth year of the housing crisis? The good: Countrywide Mortgage Gives $108 Million to Homeowners Who Were Overcharged. Building permits issued in June 2011 were up 2.5 percent from May, and up a whopping 6.7 percent from [...]
Q: I inherited a nine-unit apartment complex from my father, fixed it up, and sold it about six years ago. The buyer, who is a licensed real estate broker, is now suing us and our agent, claiming we didn't fill out a disclosure form. The buyer is now claiming that he did not know that [...]
Q: My mother is 80 years old and lives in San Antonio, Texas. Her home is approximately 50 years old. The house needs some serious remodeling. It needs to be leveled and the beams from the roof poking into one of her bedrooms. She is still working but wants to retire. Are there any programs [...]
This week, the National Association of Realtors (NAR) sent a letter to Shaun Donovan, secretary of Housing and Urban Development, Timothy Geithner, secretary of the Treasury, and Gene Sperling, director of the National Economic Council. In the letter, the Realtors put forth their belief that “Stability in the housing market will lead to a quicker [...]
Q: I am a retired 63 year-old with a combined income of $37,000 annually. My wife will begin collecting an additional $704 per month in Social Security starting this November. We both have excellent credit scores of 800. Here’s our situation: We purchased our home in 2004 for $125,000, have a balance of $76,000 on [...]
Q: Here’s my question: Let’s say a husband and wife own a rental property with a joint tenancy and a right to survivorship deed. Later, they divorce without changing the deed, and 10 years later, one of them passes away. Does the remaining owner automatically pick-up the ownership for the deceased owner’s share? Does the [...]
There are so many wonderful benefits to having a job—paid vacation time, sick pay, bonuses, perhaps even pensions and medical plans. Plus, most jobs let you have regular hours and weekends off. But some of us are compelled to be our own bosses. We are lured by the feeling of freedom, the right to control [...]
Plan Ahead for Next Year’s Taxes with Green Tax Credits – Part 2 By James Freeman, Cambridge Capital Partners Did you read yesterday’s blog with information on how to plan for next year’s taxes with Green Tax Credits? We have more advice for your green tax plans today. It may be too late for your [...]
