Can I have two main residences? This reader wants to know if she can have two main residences. The IRS only permits each person to have one primary or main residence. You need to pass the IRS test (see below) to tell which is your main residence. Q: My husband was laid off several years [...]
Should You Plan a Move Before Retirement? How to handle a sale and purchase of a new home and move before retirement? Q: I used to listen to you on the radio in Atlanta and I’m hoping you can help me now. My husband is 65 and I’m 63. We live in a home that’s [...]
As we move into Year 3 of the Pandemic, America's personal finances seem to have improved. With that in mind, we offer some Money and Credit Resolutions for 2022. Sign up for Ilyce Glink's Love, Money + Real Estate newsletter for access to more stories like these. Here’s a guess: there aren’t many of us [...]
Electric Car Charging Stations: an Update As we enter 2022, there has been a surge of interest in electric cars. In 2018, there were a million electric cars on the roads in the U.S. Last year, Tesla sold more than one million cars. General Motors announced a big move into the electric car space. PolicyAdvice [...]
.Covid is a trend accelerator, and in this third part of real estate trends, you'll see Covid and the Pandemic reflected everywhere. Read more about Real Estate Trends you’ll be seeing in 2022 and sign up for Ilyce Glink’s Love, Money + Real Estate newsletter for further real estate trends and insights. Last week, we covered [...]
Covid has changed the world, and the real estate trends for 2022 reflects this state of the world. Read more about Real Estate Trends you'll be seeing in 2022 and sign up for Ilyce Glink's Love, Money + Real Estate newsletter for further real estate trends and insights. If only we could foretell the future, [...]
Should I set up a trust or use a transfer-on-death (TOD) deed or instrument? That's what one of Ilyce's readers wrote in to ask how she should manage her estate. To read more Q&A like this one, sign up for Ilyce Glink's Love, Money + Real Estate newsletter. Should I set up a trust? Q: [...]
Are you thinking about renting a home without seeing it? Covid has changed the way people buy and rent their homes. But when you buy or rent a home sight unseen, it can turn out to be far different than you expect. We don't advise renting or buying a home without seeing it in person. [...]
Mom owns the house but I pay the bills. What do I do now? Welcome to the inaugural Love & Money Column. In this column, a reader says her mom owns the house, but she pays all the expenses. She's ready to put the house into her name, but is worried about causing an issue [...]
Reverse mortgage vs. HELOCs. What happens if you do a reverse mortgage but realize it might have been a mistake? Is a reverse mortgage better than a home equity loan or line of credit? And what are some other ways to tap your home equity other than taking out a reverse mortgage? Several different fintechs [...]
