October 2021

The Retirement Decisions You May One Day Regret

It’s easy to make the wrong moves when you’re planning for your retirement. In some cases, these retirement decisions can directly affect your finances after you have retired, so it’s wise to sidestep anything that could negatively affect your life. These are the retirement decisions you may one day regret, so take heed, and do what you can to shape your life for the better. #1: Making unwise investments To boost your retirement income, it is important to invest wisely. So, whether you’re putting money into your self-directed IRA or your company’s retirement plan, do so using investments that will benefit and not hurt your finances. This means avoiding so-called ‘hot tips’ from sources that aren’t reliable, such as work … Read more

Jumbo Mortgage 101 – What You Need to Know: Definition, Rates, and Limits

by Hank Coleman

What happens if you find your dream home, but you’ll need to borrow more than half a million dollars to finance it? Even after the 2007/2008-era housing market crash, it’s still possible to access jumbo mortgage loans for pricier properties. However, you’ll likely face more restrictive borrowing requirements than you would with a conventional mortgage loan. Jumbo Mortgage – What You Need to Know While jumbo mortgages can be riskier for lenders, don’t let the name and tighter lending requirements deter you from a potentially favorable loan to finance your next property. What is a Jumbo Mortgage? Simply put, a jumbo loan is a type of mortgage financing that exceeds the Federal Housing Finance Agency’s (FHFA) maximum conforming loan limits, … Read more

Top 11 Reasons You Need to Create a Living Trust

by Hank Coleman

A living trust, or inter vivos trust, is a trust you set up while alive. It places your assets into a trust to be managed by a third party for your benefit. At your death, the assets are distributed to a chosen beneficiary. In many states, the assets are transferred to the living trust beneficiary without going through probate at death. Living trusts can assist limit estate investigation by limiting taxable value and avoiding property loss due to a lack of knowledge about it being a part of a living trust. They allow for simple modifications if necessary, and they offer more control over who receives what when someone dies without a will. Avoid Probate in Multiple Jurisdictions Avoid Probate Entirely Avoid … Read more