If you are looking for some extra retirement income, you’re probably intrigued by the idea of a reverse mortgage annuity. It’s a way for you to tap into the equity of your home. You’ll receive that money for as long as you’re able to live in your home, and you won’t have to repay the […]
Archives for August 2011
Beneficiary Forms -How To File Them Out Correctly
Your beneficiary forms are one of the building blocks of your estate plan. You might understand all the IRA beneficiary rules but if you make a mistake filing out your forms, you’re in for a world of hurt. And this goes for your other money as well. Your non-retirement accounts (called “non-qualified” accounts) are also […]
“I Want to Make More Money” — Here’s How You Can
A buddy I know from the music scene called me up yesterday. After we exchanged a few pleasantries, he got down to brass tacks. He told me he was happy but needed to bring in more Benjamins. While I’m not the answer man, I did have a few ideas for my pal. The first order […]
What to Do with Savings Now
If you are sitting on a significant amount of cash, you might be wondering what to do with savings now. Interest rates are so low that it’s easy to get complacent and not put much thought into the issue. Here’s an e-mail I received from an interested reader, “N”: I have $20,000 in savings and […]
How To Invest In 401k Funds Now
When the market does the herky-jerky, you might be wondering how to invest in 401k funds now. This is a question I get asked daily. Believe it or not, there is no one answer that works for everyone. I realize that your goal is to avoid investment losses but before you ask how to invest, […]
Living Trust Trustee – Who Should It Be?
Selecting your living trust trustee isn’t as simple as it seems. Just yesterday a client in Virginia asked me to who she should ask to be her trustee. This is a really important subject so I thought I’d share my response with you. First, what is a revocable living trust? You may already know that […]