If you’ve owned your house for a long time, you probably have substantial equity in it. People who are 62 or older can tap that equity in the form of a reverse mortgage. Instead of you making monthly payments to the bank, the bank pays you: a lump sum, monthly payments, or a line of credit that…
Building wealth is essential to accomplish a variety of goals, from sending your kids to college to retiring in style. But establishing a solid financial foundation will also help you survive stock market corrections and bear markets, recessions, health emergencies and other setbacks. Our plan outlined here covers every aspect of your financial life, from…
For expenses you can change, look at your bank and credit card statements for unnecessary monthly subscriptions, like gym memberships, that come out automatically. “Call or go online immediately to suspend those,” suggests Kristi Sullivan, certified financial planner with Sullivan Financial Planning in Denver. She also suggests temporarily stopping any automatic payments for college savings or retirement…
So, how’s your 2020 been? As I write this blog, I’m getting used to yet another blow to personal freedom, the 9pm curfew. Even my parents didn’t have me home that early in my not-so-rebellious teenage years. It is easy to feel sorry for ourselves, and we should take some time to grieve. Things…
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