Submitted by Dan Crimmins on Tue, 07/01/2014 - 3:00pm
We almost all seem to know someone who helps older family members with financial affairs. If legally appointed to help someone with their money, find out all you can about the potentially confusing role.
Submitted by Sterling Raskie on Tue, 05/13/2014 - 3:00pm
As you pursue the American Dream of buying your first or next home, is it a good idea to pay down your mortgage – depleting part of your investment portfolio to eliminate the debt – or keep making the normal monthly loan payment and have more money in a stock market that offers potentially higher long-term returns? Both moves offer advantages depending on your unique situation.
Submitted by Brenda P. Wenning on Tue, 03/18/2014 - 9:00am
The U.S. economy has plenty of weaknesses. But compared to elsewhere, we are doing pretty well. The downside is that, in a global economy where everyone is connected, trouble in one spot can spread rapidly over borders. That’s why weaknesses in China, Japan and Europe are worrisome.
Submitted by Mary Beth Storjohann on Wed, 02/12/2014 - 12:00pm
Your time has come to grow beyond renting a home. What now?
Gen Y, those born in the 1980s and early 1990s, look today to build equity and save on rent by researching the benefits of owning versus renting. Whether married or single, when it comes to renting and owning, you must consider these questions:
Submitted by Larry Frank Sr. on Thu, 12/12/2013 - 12:00pm
The biggest purchase you likely ever make comes with many potential pitfalls. Here’s how to dodge some.
Home sales do remain sluggish. The number of contracts Americans signed to buy previously owned homes unexpectedly fell in October for the fifth consecutive month. The gauge of pending home sales decreased 0.6% after a 4.6% drop in September, according to the National Association of Realtors.
Submitted by Rick Kahler on Thu, 11/21/2013 - 12:00pm
Want a good way to build wealth? Own commercial real estate. But only if you are willing to undertake due diligence that may not be readily available online, make a big hands-on commitment to mind the investment and exercise enormous patience.
Real estate is one of the largest asset classes in the world. The family home is the largest asset many middle-class Americans own. And real estate makes up a significant portion of the net worth of many wealth accumulators.
Submitted by Michael Kitces on Thu, 10/10/2013 - 3:00pm
Would-be homeowners long turned to the Federal Housing Administration for affordable mortgages. That’s also true for older folks and reverse mortgages, which they use to supplement their income by tapping the equity value of their homes. But the agency is tightening the terms on these loans.
Expanded loan volume paired with what some suggest is a decrease in loan quality have led to increased defaults and depleted FHA reserve funds.