8 ideas for First-Time Home Buyers A Three-Part Series Buying a home is very exciting, although it can be overwhelming. Especially, when houses are selling quickly, and over the asking price. In a HOT market, such as 2019, you may be tempted to make an impulsive purchase, which may crush your financial budget. You want to Read More
Newfound Money for Retirement After decades of focusing on building your assets, retirement is the time you are finally able to sit back and enjoy your nest egg. Perhaps you would like to be in a smaller house close to town, a contemporary town house, or a house on one floor with an open floor Read More
So, you would like to buy a 2nd Home? Living in a desirable resort or other location could be a dream come true; nevertheless, it is important not to get too distracted by the beauty of the environment. Ask yourself the difficult questions such as, “Why do I really want to own a house here?” Read More
What is a QPRT? A QPRT is a Qualified Personal Residence Trust. This is a specific type of trust in which its creator can remove a residence from his or her estate. Once the set term is over, the remaining interest in the property is transferred out of your estate to the set beneficiaries, as Read More
Why Create an Irrevocable Life Insurance Trust or an ILIT….? Tax Savings…. People buy life insurance for many reasons, life insurance has unique features not found in other financial solutions. Why not reduce your family’s estate taxes by placing your life insurance policy you already own into a trust? Why would one make this choice? Read More
Did you know that you can use your ROTH or Traditional IRA to purchase your 1st home? Saving enough for the down payment on a home purchase is daunting…there are caveats you need to consider Are you a first-time home buyer? Here are the criteria for an IRA distribution: Purchase must be a principal residence. Read More