When you’re retired, your income might be coming from a mix of Social Security, perhaps a pension, and withdrawals from retirement accounts or an investment portfolio. And when markets are volatile or income taxes have an impact, it’s worth asking: Is there an alternative way to draw income — without putting your long-term security at… Continue reading Taking More than Your RMD? Here’s a Tax-free Alternative
Archives: Resources
Custom post type for resources
How a HECM Line of Credit GROWS
How can the funds from a reverse mortgage line of credit grow over time? A traditional home equity line of credit you have to pay back and expires after 10 years!! It’s a fair question — and it’s actually the single best feature of the home equity conversion mortgage or HECM line of credit. Stick with… Continue reading How a HECM Line of Credit GROWS
What Do I Do When My Loan Is Due?
What Do I Do When My Loan Is Due?
Access Your Home Equity Without Giving Up Your Low-Rate Mortgage
If you’re a California homeowner age 55 or older, you might be in a familiar situation: you’ve built up a lot of equity in your home, you’ve got a great low-rate first mortgage, and you’re wondering how to access some of that equity without losing your rate — or taking on a big monthly payment.… Continue reading Access Your Home Equity Without Giving Up Your Low-Rate Mortgage
Don’t Put Your Kids on the Title Yet! It Could Cost Them Thousands
Thinking about adding your kids to the title of your home? Or gifting it while you’re still living? 🚫 STOP right there! That “gift” could trigger massive capital gains taxes and take control out of your hands. ✅ In this video, Clay Selland breaks down: • Why gifting your home could backfire • How to… Continue reading Don’t Put Your Kids on the Title Yet! It Could Cost Them Thousands
Senior Thinking of Selling Your Home? Consider the Tax Impact – and the Alternatives
For many homeowners nearing or in retirement, the home has become their largest asset. And with home values in California continuing to rise, it’s natural to start thinking about how to put that equity to work — especially if you’re considering selling to fund retirement expenses. But one often-overlooked piece of the puzzle is capital… Continue reading Senior Thinking of Selling Your Home? Consider the Tax Impact – and the Alternatives
Avoid Delays in Estate Planning: The Key for Your Power of Attorney
Estate planning is an essential part of securing your future and ensuring that your financial and healthcare decisions are managed if you’re unable to do so yourself. A Power of Attorney (POA) or Durable Power of Attorney (DPA) allows a trusted individual to handle important matters on your behalf. However, there’s one crucial step that’s… Continue reading Avoid Delays in Estate Planning: The Key for Your Power of Attorney
5 things you should do before you buy a home
Five Things You Should Do Before You Buy a Home Buying a home can be a stressful and confusing time for many homebuyers.But it does not have it be. Five simple things you should do before you buy a home.One of the first things you should do when you are considering buying a home is… Continue reading 5 things you should do before you buy a home
Before you Buy a Home – Check your Credit
Pay attention to credit Before You Buy a Home 5 things you should do before you get serious. Buying a home can be a stressful and confusing time for many homebuyers.But it does not have it be.Five simple things you should do before you buy a home. Tip Number One: Know your credit score –… Continue reading Before you Buy a Home – Check your Credit
How to use a Gift for a Down Payment
How to Use Gift Money for Your Down Payment You can use gift money from a family member for a down payment on your house.Whether you have been saving for a while to buy a home or are just wondering howmuch is enough for a down payment, you may be able to use gift funds… Continue reading How to use a Gift for a Down Payment
Expanded Conforming vs Jumbo Loans
Is an Expanded Conforming Loan a Better Option Than aJumbo Loan? If you’re looking to buy in an area where home prices are a bit higher, you might need a slightlybigger mortgage loan to make your homeownership dreams come true. There are jumbo loans,but these often come with stricter guidelines and a higher down payment.… Continue reading Expanded Conforming vs Jumbo Loans
You do Not Need 20% Down to Buy a Home
You Don’t Need 20% Down To Buy A Home It seems like you’ve been trying for years to save enough money for a down paymentfor a home. You’ve cut corners, taken lunches to work and yet, home prices continue torise and your dream of owning a home seems out of reach. Guess what? Maybe you… Continue reading You do Not Need 20% Down to Buy a Home