An Overview of Cash vs. Mortgage No matter where you look, you’ll hear someone spouting off about the foolishness of carrying debt. So you’ll automatically believe that buying a home using cash is the best way to make this large purchase while preserving your finances. Or you may believe that it’s best to sink every …
Buying a Home: The Difference Between Cash vs. Mortgage Read More »
If you want to avoid having to pay taxes on the distributions in retirement when you have a simplified employee pension individual retirement account, you have the choice of converting it into a Roth IRA. This can be done regardless of having the pension account whether from an employer or by setting it up yourself. …
Today I’ll share with you the basics of a 529 plan.This plan operates as a savings plan for college that provides specific financial aid and tax related benefits. Many of today’s 529 plans are also used as a way to invest and save money for grade school tuition for grades K-12 as well as to …
Budgeting – it’s one activity that everybody seems to dread. Is budgeting really that bad or does it have a bad reputation? Truth be told, all a budget really is is a plan to manage your finances. That’s not too scary, right? Unfortunately some people see it as a form of torture preventing them from …
You’d be shocked at how many people simply don’t understand how credit scores are calculated. There are many factors involved, but by understanding a few of the basics, you can essentially game the system and ensure you are always in a solid standing credit-wise and able to obtain financing, approval, or the go-ahead on any …
Does Applying for Multiple Credit Cards Hurt Your Credit Score? Read More »
A lot of people think that to be considered to have “perfect” credit, you need to have a score of 850. After all, that is the highest credit score possible on the standard range of credit scoring. However, as described in the previous post about the possibility of achieving a credit score of 900 or …
When you check your credit, you will likely see a note on the site that indicates that the range of possible scores go from 300 to 850. These are the most common models of credit scores, so to answer the question in the title above, no, a 900 credit score is not possible in these …
Buying a home is one of the biggest decisions you’ll face in your life. If you mis-step, you can easily put yourself in jeopardy of ruining your finances. I’ve purchased homes, sold homes, rented homes, and I’ve even had a property foreclosed on. It’s a long story that was due to a legal battle and …
The 7 Point Checklist for Investing In Your Home Read More »
Buying an engagement ring is one of the most important decisions and moments of life. Offering a diamond engagement ring to your soon-to-be wife is considered a tradition in many parts of the world. While my blog focuses mostly on retirement decisions, I thought it was important to weigh in on something that’s a huge …
