Should I Refinance So I Can Renovate?

Posted by Richard on August 7, 2019

A new roof. New flooring. New heating/cooling systems. These are the kinds of problems that can keep a homeowner up at night. They are big ticket projects that usually require some financing. Homeowners have several choices to finance crucial projects or even elective remodeling like updating that kitchen. * Cash-out refinance – Your home is […]

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REAL ID: Prepare The Documents

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Most states, by 2020, will require drivers license applicants to supply a stack of documents to prove their identity and get a REAL ID drivers license. People don’t have to get a REAL ID, but if they don’t, they won’t be able to board a plane or enter some federal buildings beginning October 2020. For […]

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The Most Common Types Of College Scholarships

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In 2018’s college graduation class, nearly 70 percent of students took out student loans, and their average debt was close to $30,000 each, according to Student Loan Hero. In addition, 14 percent of their parents also took out an average of $35,600 in Parent PLUS loans to help support them. With those alarming figures in […]

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How To Start The School Year Off Right

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Starting a new school year can be stressful for students, parents, and teachers alike so it’s crucial to have a few best practices in place to ensure it starts off right, according to the mom at TeachMama.com Since she is a teacher with kids of their own, Amy Kilpatrick Mascott advises that the three most […]

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Changing Jobs? What To Do With That 401(k)

Posted by Richard on July 18, 2019

There aren’t many things you can do with your 401(k) when you change jobs, but some choices are better than others. – Worst choice: Cash out. If you went to all the trouble of saving money in a retirement plan, the worst thing you can do before age 65 is cash it out. Any distribution […]

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Phishing attacks Get More Sophisticated

Posted by Richard on July 17, 2019

Click a link. Download a file. And that’s where the trouble begins. Phishing attacks by email or social media attempt to lure you into revealing a password, or download malicious software. And these attacks are getting ever-more sophisticated. “Scammers have diversified far beyond poorly spelled, purely text-based phishing email these days, Harley says, building entire […]

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Planning to Say ‘I Do’?

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You might want to check with Social Security. Seniors who want to get married have more to consider than just love and family. There is also a serious Social Security consideration. If you want to re-marry: You have to be single to collect benefits on your ex-spouse’s record. If you marry, you will lose the […]

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Should I Refinance?

Posted by Richard on

With mortgages still at historically low rates, many people consider refinancing to save money. But is it a good idea? Maybe, maybe not. Refinancing involves a number of moving parts and some understanding of amortization, so make sure to do your homework. Lenders vary on how long you have to wait to refinance, but you […]

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Become Your Family CEO

Posted by Richard on June 12, 2019

Think of your family as a business. Your family is your personal corporation that makes sales (your work income), has operating expenses (bills), and needs to make a profit (savings and retirement). If you want your corporation to make money, you can do some of the same things a CEO does. Periodic expenses As CEO […]

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Should I Co-Sign My Kid’s Mortgage?

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As a parent, you would do anything for your child. But co-signing a mortgage is a major business decision, not just a family plan. Take the child out of the equation and think of the child as a borrower. There are advantages for the borrower if you co-sign the mortgage. With you as co-signer, the […]

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