The Reverse Mortgage Chances are high that when I mention the idea of a reverse mortgage to clients, I’ll be met with a very sour expression. I think this is because of the impression that these instruments are expensive and that you give up ownership of your home to use them. Now, I…
Do you find it hard to understand financial experts? I don’t blame you! That’s why I helped U.S. News and World Report decode the terms you might hear. Say what? “Meeting with a financial professional can be key to getting your finances on track. But one thing that doesn’t make it easier: When your…
The editorial team at ETF Reference surveyed 57 ETF investing experts in search of the best tips for exchange-traded fund investors. The response we received was incredible. Our panel sent us hundreds of amazing tips! We winnowed that list down to101, which are presented below. We asked our panel, “What is the one piece…
How long will your savings last? What an uplifting question! But in retirement planning, it is probably the MOST IMPORTANT question and the most impossible to answer. If we all knew how long our savings would need to last, it would be so easy to determine how much we could afford to spend…
According to a survey of 5,000 people by GoBankingRates in 2016 the top five New Year’s Resolutions were: Enjoy Life to the Fullest Live a Healthier Lifestyle Lose Weight Spend more time with family and friends Spend less, save more In order to achieve Resolutions 2 and 3, many people joined a new…
Financial planning is the process by which a person or family works with a financial professional to set goals, financial and otherwise, and to develop a plan for meeting them. A Certified Financial Planner™ (CFP®) is trained to develop a plan to serve as that map or GPS. And the CFP™ designation means they must…
This one goes out to all you small business owners out there. We are gearing up for tax season and your CPA is likely giving you the following advice: Report as little income to yourself as possible to avoid self- employment and income taxes. Of course, that advice has some merit. Who doesn’t…
Happy almost 2017! Below is my annual financial to-do list to help you achieve a more prosperous balance sheet in the New Year. 1: Use an online tool or app to track your spending. Try to cut one discretionary category (eating out, birthday gifts, vacations) by 10% and save that money for retirement or…
There’s only so much lecturing I can do about budgeting so you can save for longer term goals. So, I brought in someone else to do the lecturing for me! Carol Craigie, CFP ®, is the Managing Partner of Fiscal Fitness Clubs of America. Below, some budget friendly and FUN ideas for creatively celebrating the…
What if instead of heading home for the holidays, you need to sell your home for the holidays? For this week’s edition, I went to real estate expert Renee Cohen of Coldwell Banker to find out if selling a house during this season is a good idea. What are the misconceptions about the times…
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