A reverse mortgage is a loan for senior homeowners that allows borrowers to access a portion of the home’s value using the home itself as collateral. The loan generally does not have to be repaid until the last surviving homeowner permanently moves out of the property or passes away. At that time, the estate has […]
New studies have emerged that point to a severe shortage of doctors and other vital health workers is on the horizon for the United States. The first report, conducted by the Association of American Medical Colleges (AAMC), concluded that the United States will need to hire between 34,600 to 88,000 doctors by 2025 to adequately care for our […]
If you haven’t already created an estate plan, consider starting now. Although every estate planning process is different, as a guide it can be helpful to have a step-by-step plan for you to follow as you go through what can often be an overwhelming process. Remember that a lot can change over the years, both […]
As a potential home buyer, it is equally important to research the different types of mortgage loans as it is the neighborhoods you might want to live in. Applying for a home loan can be difficult, and knowing which type of mortgage best suits your needs will help guide you to the type of home you […]
In the not-so-distant past, the word “gig” was used only to describe the work environment for musicians and comedians who would travel from city to city for performances for one or two nights or perhaps a week at a time. But, thanks to the Internet and the changing work environment in the United States, an […]
If you are recently retired, there may be new tax break opportunities for you to take advantage of. This is doubly important if you are on a fixed income. Oftentimes, seniors miss valuable tax-saving opportunities, not through foolishness but simply because they just don’t know about them. If this sounds like you, it is simply a […]
My lease was up on my 2018 vehicle. I was excited to go car shopping. However, what I realized as I ventured out was that the auto industry also has its challenges from the Covid-19 pandemic shutdown. Most automotive and supplier plants around the globe shut down and production was stopped. Only now are inventories […]
Rather than hiring an attorney and paying a high fee for a few hours of work, it’s now possible to generate a legal, comprehensive will or trust in just a few clicks from the comfort of your own home at a reasonable price. A will or trust is a legal document that explains your wishes […]
As important as determining when to retire is determining where to retire. There’s no escaping the fact that your retirement destination will determine how much you’ll need to pay in taxes, what your living costs will be, and what kind of health care options you’ll have. There are many factors that contribute to retirement planning, […]
As tax season approaches, you may have questions about filing your federal, state and business taxes. Below are a few tips to help you get prepared. Be organized An accountant’s time is money, so the longer it takes him to sort through your disorganized records, the more he will charge you. Collecting your tax documents […]
