You're ready to retire and tackle your bucket list. On your list is buying that dream home in retirement. But how do you pay for it? You should avoid these costly mistakes when buying real estate in retirement. Whether you want to buy your dream home by the lake or the ocean of somewhere more exotic, you're probably wondering how to make this dream a reality so you can cross it off your ... Read More
Reverse Mortgage
How Bankruptcy Will Affect Your Mortgage
In my tax and financial planning practice, I've fielded plenty of questions over the years regarding credit and how bankruptcy will affect your mortgage. Recently, I responded to an inquiry by a working retiree with part-time income and Social Security benefits wondering precisely how a bankruptcy may impact his chances to lower his monthly mortgage payments. As I noted to him in my response on ... Read More
Is a Roth IRA Conversion Right for Me
When is a Roth IRA conversion right for me, asked a pre-retiree recently. Well, it depends. And while never a satisfying answer, it is a personalized decision based on many factors. Let's say you're in a similar position as this pre-retiree who asked this question in an online financial advice forum recently. She's age 62, currently receiving a taxable pension of $1,500 per month and now ... Read More
