If you’re retired or approaching retirement, you’ve probably accepted your annual RMD — Required Minimum Distribution — as part of the deal. But what happens when you need more income than your RMD provides? That’s a common scenario. And often, retirees assume they don’t have a choice — so they make additional withdrawals without fully… Continue reading Why taking more than your RMD could be costing you – What to do instead!
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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
How do Mortgage Rates Work?
How Do Mortgage Rates Work? You may be wondering how mortgage rates are decided. Obviously, you want to make sure that you get the lowest rate possible, but how are mortgage rates determined, and what can you do to make sure you have a low rate? There are several outside factors that affect how mortgage… Continue reading How do Mortgage Rates Work?
What are Closing Costs?
What Are the Closing Costs for Buying a Home? If you are in the market to purchase a home, you may be wondering who pays for closing costs. Typically, buyers and sellers each pay their own closing costs. Oddly enough It can change by county … by tradition not rules! Buyer’s Closing Costs When you… Continue reading What are Closing Costs?
