Do you know your credit score?
Credit scores generally range between the low 300s and the mid-800s, so surely a score of 600 is a good credit score, right?
Actually, a score of 600 is a poor credit score. Your credit score directly affects how much money your loans and other types of financingwill cost you over
your lifetime. Let’s take a look at the breakdown of credit scores: Read more
The Las Vegas Strip
Shimmering from the desert haze of Nevada like a latter-day El Dorado, Las Vegas is the most dynamic, spectacular city on earth. At the start of the twentieth century, it didn’t even exist; now it’s home to two million people, and boasts nineteen of the world’s twenty-five largest hotels, whose flamboyant, no-expense-spared casinos lure in thirty-seven million tourists each year. Read more
Watch out for these drawbacks of using a reverse mortgage to fund retirement.
The truth about reverse mortgages are far from ideal. In fact, there are a few reasons to avoid getting a reverse mortgage as part of your retirement plan. Most of these reasons revolve around the fact that this type of income stream is actually a loan against your home’s equity that has to be paid back.
Here are five reasons to think twice about getting a reverse mortgage: Read more
Is a reverse mortgage right for you?
Reverse mortgages have become the cash-strapped homeowner’s financial planning tool of choice. For decades, retirees looking to convert their biggest asset — home, sweet home — into income were forced to choose between either selling their house or taking out a home equity loan, which sentenced them to an unwelcome schedule of high-interest monthly payments.
Introduced in 1989, such loans enable seniors age 62 and older to access a portion of their home equity without having to move.
The bank makes payments to the borrower throughout his or her lifetime based on a percentage of accumulated home equity. The loan balance does not have to be repaid until the borrower dies, sells the home or permanently moves out. Read more
Washington, D.C., is a worldwide hub of influence
and the nerve center for U.S. policy and politics.
With its impressive monuments and museums, its stately government buildings and mansions, Washington DC is easily recognizable as the United State’s capital city. The city is mainly based on government and everything from museums to mansions bring millions of tourists each year. Washington DC is the second most visited city in the United States (after New York) and is among the top travel destinations in the world. Read more
Seattle has a magnificent setting, with a modern skyline
of glass skyscrapers and a friendly charm.
Seattle, Washington is the largest city in the Pacific Northwest. Located between Puget Sound and Lake Washington in King County, of which it is the county seat, and overlooking Elliott Bay, Seattle is nicknamed The Emerald City. The city is a damp green gem, with an abundance of evergreen trees throughout, and spectacular views of the Cascade mountains to the east and the Olympic mountains to the west. The cultural and business center of the Pacific Northwest, the city and its surrounding areas are the home of the Space Needle, Boeing’s aircraft assembly plants, Microsoft, Amazon.com, Costco, Nintendo of America, Starbucks, T-Mobile, and the University of Washington, as well as a vibrant arts and music scene and an excellent park system. Read more
Owning investment properties is hard, time-consuming work, and it can be very stressful and disastrous to your finances if you are not prudent in your endeavors.
However, even though it does have its challenges, it can also be very financially rewarding on a long-term basis. With some hard work and smart choices, just about anyone can retire with many properties that provide a nice income stream. So if you’re willing to get your hands a little dirty, being a landlord might just be right for you.
Here are a few factors to consider when determining whether being a landlord is right for you. Read more
Don’t put all of your IRA eggs into one basket.
Putting your hard-earned IRA assets into a “self-directed” IRA can be a very good idea to grow long-term, tax-deferred or tax-free assets. But it doesn’t work for everyone.
With taxes going up for most people, you might be paying more attention to your tax-deferred retirement investing options, such as your Individual Retirement Account (IRA). And with property prices going up, you might ponder whether you can invest those IRA funds in real estate to both defer (or eliminate) taxes and earn a fair rate of return.
Here are a few things you should specifically consider if you think using an IRA to buy investment properties could work for you. Read more
The undivided attention that children need from us is in jeopardy.
I’ve been a pediatrician for 20 years, and I thought I’d seen it all. But not long ago, when a father brought his 2-year-old into my clinic, something happened that has me deeply concerned.
Upon entering my examining room, I found father and son sitting together, eyes downcast, each silently scrolling and tapping on smartphones. During my initial exam, the father directed most of my questions to his frowning toddler, who indicated that his ears hurt, and I quickly discovered that both eardrums were red and inflamed. Read more
Make sure everything lines up!
Your credit score impacts a lot in your life, from buying a car to buying a house and even, sometimes, to getting a job. (Believe it or not, some employers check your credit report.) You owe it to yourself to know exactly what your credit score is, and how you can go about making it better. Here’s a quick rundown of the big things you need to know. Read more