Thoughts On Buying A House To Rent
In this article I discuss some pluses and minuses of buying and owning a rental house. Most of these observations come from my own experience being a landlord over the last 10 years. Continue Reading
Money
Be Careful with IRA/401k Beneficiaries
IRA and 401k accounts are great ways to save for a regular or roving retirement. Most folks focus on contributing and investing in these retirement savings vehicles, but if your beneficiary declarations are not right, your heirs may be stuck with a big tax bill. Continue Reading
Get A HELOC Before You Retire
We all know it is important to plan for retirement and your own Chapter 2. Most people think about having enough money in the bank, maybe paying off their house, or downsizing to lower their monthly expenses. Continue Reading
Save Tax $$ and Help Dad By Gifting Appreciated Stock
Today we describe a way you can help others by gifting appreciated stock. You may want or need to help support someone with a low income (parents or children). Gifting appreciated stock could allow you to help others without paying tax on the gain. Continue Reading
Ensuring You Can Pay Mom’s Bills – Pitfalls of Trusts and the Power of Attorney
As our loved one’s age, we want to be able to ensure their needs are met, including managing their finances when they can’t. A common misconception is that a Power of Attorney or having their assets in a trust will solve all problems. Continue Reading