Cosigning your in-law’s refinanced mortgage can often be a big mistake, especially if they don’t have much financial stability. Q: I was wondering what legal action could be taken if the person living in the home is on the home title but not on the mortgage loan? I recently helped my mother in law refinance [...]
What’s the best way to transfer a home title to a family member who’s been living in the home? Hint: A quitclaim deed may not be sufficient enough. Q: Hi Ilyce and Sam! I have been a weekly reader and sometimes a daily reader of your column ever since you took over Robert Bruss's column [...]
When it comes to money, Millennials are doing better than many people think. And yet the vast majority are still fretting about their money, even as the oldest part of the cohort has begun applying for mortgages. Let’s start with money. Millennials (age 23 to 37) are saving money. There’s no doubt about it. Nearly [...]
Family and money—the combination can be tricky, and when it comes to talking about finances with aging parents, years of communication and family culture can often get in the way. That’s why many financial professionals say that using a sensitive, respectful, and tactful tone with adult parents may make financial conversations easier. “It is a [...]
Americans are living longer, and people typically want to spend those extra years enjoying life and being happy. For some, that means divorce after retirement, a situation that brings with it a unique set of financial hurdles. A recent study from Bowling Green University found that the rate of divorce in Americans over age 50 [...]
Want to find out where you can get money to put toward buying a home? And since it’s Halloween, have you ever wondered what the house from the movie, “Paranormal Activity” is worth? Get answers to these questions by listening to this week’s episode of the Ilyce Glink Show. You can click the audio link [...]
Ready to make more money this year? Earning extra cash doesn’t have to be a chore, as long as you’ve got a plan and the right resources. Whether you’re looking to pay off a debt faster, save more for retirement or plan for a nice vacation later in the year, boosting your income could be [...]
“Spend less, save more.” It’s the third most popular new year’s resolution behind getting organized and losing weight, according to a Journal of Clinical Psychology study on resolutions. While I can’t help much with resolutions one and two (though it is helpful to apply the same principles to thinning your waistline as thinning your budget), the third one is [...]
Whether you're finishing your bachelor’s degree, getting your master’s degree or a professional certificate, or going to college for the first time, furthering your education is an expensive investment. But, like any other investment, you can earn a lot more than you initially spent, if you do it right. According to 2012 data from the [...]
Becoming a DIY investor isn't as easy as painting your kitchen or rigging up a new light fixture--but it's not impossible, especially with a little training. It can be difficult to translate financial news into a stock portfolio. You can watch CNBC all day long and still not have a clue how to buy and [...]
