Virtually everyone would choose to make more money if given the opportunity, but choices that impact your lifetime income potential are rarely that clear-cut. A variety of factors influence the amount of money a person makes, and the choices they make throughout their lifetime help to dictate their ability to earn money. Taking a hard look at your lifetime income potential can help you make more money in the long term, allowing you to financially support your lifestyle and retire in comfort.
2 min read
6 min read
If you’re sadly looking at your portfolio and wondering what happened, you aren’t alone. Inflation has hurt a lot of portfolios because businesses are struggling to stay afloat. The higher the costs get, the harder it is for companies to be profitable, which hurts stock prices.
If you’re only invested in the stock market, you could be doing yourself a disservice. During high inflationary times like now, it’s best to diversify your portfolio and the best way to do it is by investing in real estate.
7 min read
You’ve got a lot of decisions to make when you buy a home: property type, city, neighborhood, square footage, amount of yard space.
But choosing a mortgage lender is almost as important as choosing your home, especially in today’s real estate market. The right lender can help you gain a competitive edge over other buyers and get into the home you want.
Topics: Reverse Mortgages Loan Financial Literacy
8 min read
An overwhelming majority of older adults want to remain in their homes as they age. A survey by AARP found that 77% of adults 50 and older want to age in place. Other surveys have found that the percentage is even higher—nearly 90%.
It’s one thing to want to age in place. It’s another thing altogether to actually be able to make it work. That’s because there are several financial factors that can jeopardize adults’ ability to remain in their homes as long as possible. In fact, without adequate financial security and safeguards, living independently at home isn’t possible.
It’s important to understand the financial risks that can make it difficult to age in place and to take steps to reduce those risks.
5 min read
It’s a seller’s market out there.
5 min read
An emergency fund—money dedicated to unexpected expenses—should be part of every household budget. When things go south, you won’t have to go into debt to fix them. While the fund might not be enough to completely cover truly serious emergencies, it will at least reduce the amount you have to finance.
During your working years, an emergency fund is a big help. During retirement, it’s crucial to your budget. After all, you’re living on a fixed income. You can’t take on a little overtime to help pay for that transmission repair.
Here are six reasons why an emergency fund is essential.
6 min read
One of the key needs that people have is to be autonomous. In other words, it’s human nature to want to feel independent and in control.
For those near or in retirement, financial independence is especially important. You need to have the resources to live comfortably and securely without a regular paycheck. You also need to protect those resources.
That requires putting systems and safeguards in place. To remain financially independent and in control, tackle these tasks sooner rather than later.
3 min read
Impulse buys happen to all of us. You’re in a store or on a shopping website, and you see something you really want to buy. It’s a new release of software you own, an expensive pair of shoes marked down to half price, or a miter saw that will work way better than the 15-year-old one you currently own.
You know you want it. Do you need it, though? You’ve already pledged to save money for an emergency fund. This purchase will make a dent in that fund.
8 min read
When you retire, do you plan on doing one or more of the following?
- Travel the world and explore exotic locales
- Spoil your grandchildren
- Relax in your beach house or mountain cabin
- Live comfortably until you pass away
Internally, we all have big dreams for that day when we finally step down from our job and step into a life of leisure in our golden years.
But those dreams will require money. Lots of money.
4 min read
f you’re a veteran, active duty service member, or surviving spouse, you have specific mortgage loan options available to you.
VA loans are offered through the U.S. Department of Veterans Affairs.
They can be used to build or purchase a home, refinance a mortgage, or make repairs. And they offer numerous benefits to borrowers.
Learn more about the VA loan types available to you, the benefits, and how to qualify.