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…
If you ever thought your friendly neighborhood financial advisor knows it all, think again! I learn new things from clients all the time. This little nugget came to my attention a few weeks ago. It will apply to very few people, but you might check it out if your 401(k) has an after-tax contribution provision.…
Nope, I have not become a gourmet cook while under stay-at-home orders. In fact, somehow, I’m finding even harder to find the time to cook these days. Blame Tiger King. However, I did go out and do the requisite buying of groceries I never would have thought to buy before. Since I don’t have…
Nope, I have not become a gourmet cook while under stay-at-home orders. In fact, somehow, I’m finding it even harder to find the time to cook these days. Blame Tiger King. However, I did go out and do the requisite buying of groceries I never would have thought to buy before. Since I don’t…
Clients sometimes ask me what they are not thinking about when it comes to retirement planning. Mostly, they’ve thought about a lot, but there are a few things that can surprise you. Unreimbursed medical expenses. Yes, retirees dread health care costs, but it seems like kind of an amorphous worry, not one that gets…
Yes, we are all sick of coronavirus news! Except when it’s just funny. So, to honor all the mothers out there, especially in time when we are forced into 24-hour a day contact with our little darlings, enjoy some mom-wit thanks to Twitter. Quarantine day 6: Went to this restaurant called The Kitchen. You…
Fourth quarter online-school is upon us and I am yet again getting reports of my 8th-grade son’s deficiency in math. Counting two rounds of kindergarten, this is the 10th year of hearing this refrain. Here’s the thing – I don’t even care. Is it laziness? Being worn down as a parent? Sympathy because middle-school…
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