5 Sweet Tax Deductions When Selling a Home: Did You Take Them All?
You may be wondering if there are tax deductions when selling a home. And the answer is: You bet! Sure, you may remember way back to 2018 and its new tax code—aka the Tax Cuts …
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What People Over 50, Short on Retirement Savings Should Do to Prepare
If someone is over the age of 50 with less than $100,000 in retirement savings to his or her name, then there are a few key things that person should be doing to make sure …
Did You Skip Mortgage Payments Last Year? Here’s What That Means for Your Taxes
Amid the economic turmoil caused by the coronavirus pandemic, millions of Americans opted to pause their monthly mortgage payments. That choice could have implications for their taxes this year — and in years to come. …
Housing Experts: Reverse Mortgages Well Suited to Address Aging in Place Issues
The reverse mortgage program can be a very valuable tool for addressing issues related to aging in place in the United States, as well as circumventing some problems related to the spread of COVID-19 in …
Atypical Work in Retirement Could Help Seniors Prolong Careers, Increase Retirement Security
For seniors who are not quite ready to stop working once they reach a traditional retirement age, nontraditional work could help them to prolong their careers with more flexible hours and less stress, even though …
7 Tax Benefits of Owning a Home: A Complete Guide for Filing This Year
What are the tax benefits of owning a home? Plenty of homeowners are asking themselves this right around now as they prepare to file their taxes. You may recall the Tax Cuts and Jobs Act—the …
Forbes: A Reverse Mortgage Can Help Pay for a Roth IRA Conversion
While likely only to work for wealthier individual retirement account (IRA) owners, using a source of nontaxable cash to fund an IRA conversion could be a viable choice for some retirees considering the currently low …
Self-Employed and Applying for a Mortgage? Here’s What’s Changed Since COVID-19
The gig economy has blown up in the past few years, with more and more people choosing to work as freelancers, either by starting their own businesses, or by picking up nonsalaried jobs from bigger …
Kiplinger: Why Retirees Should Consider Using a Reverse Mortgage for Cash Flow
Retiring without having to make regular mortgage payments is a big dream for many retirees, but is becoming increasingly unattainable for many Americans looking to transition out of work. This is one of the core …
Retire Big And Go Home Happy
If you are a senior with plans for relaxation and leisurely days throughout your retirement, it’s time to start planning. While many of your contemporaries may be talking about downsizing during their golden years, that’s …
