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When it comes to planning for retirement, there are many, many questions to answer. But to Anna Rappaport there are just three that matter and perhaps one that doesn’t get enough attention: When should you retire? When should you collect Social Security? And what should you do about the equity in your home? If you get [...] Read more » Retirement can seem distant when you have a mortgage for which you are still making payments. Here is how to retire when you still have a mortgage: If you have savings that you can tap into and you have a small amount left on your mortgage go ahead and pay off your mortgage. To facilitate that consider [...] Read more » Reduce your home improvement costs by keeping some useful tips in mind. There are things you can do to realize your renovation goals and save money. Home Improvement Tips You can save substantially if you don’t change the structure of your home. Stay within your home’s footprint. If you make structural changes costs go up dramatically. Focus on [...] Read more » Retirees have housing issues that all households face and they have unique housing issues that pertain to health care and estate considerations. The most fundamental housing question is whether to rent or buy. There are factors that always apply to this decision. These include the cost to rent and these costs to buy: purchase [...] Read more » Services Visit Smart Hippo to review and rank lenders and compare mortgage rates with rates that other people with similar risk profiles have obtained. Information Visit Neighborhoodscout.com to narrow down your house hunt by clicking on the site’s Find tab. You’ll get an interactive map that lets you compare neighborhoods by factors such [...] Read more » An investment perspective of prepaying your mortgage is its “opportunity cost”. A recent study by several economists published in the Journal of Public Economics found that 38% of households making effort to make extra mortgage payments did not fully take advantage of 401(k) and 403(b) retirement plans at work. For these households their mortgage focus [...] Read more » A big housing decision is whether to have a mortgage or rent. There is a tendency to think that your money is being thrown away if you rent. And there is no denying a sense of pride at being a homeowner. Let’s discuss some of the considerations. You will never borrow money as [...] Read more » You can do home maintenance cheaper by combining the use of self-help, informational guides and preventative maintenance to save money on home maintenance. Look for opportunities to do things yourself that you used to hire out. For example, instead of hiring a lawn maintenance service begin to cut your lawn yourself. In addition to saving money [...] Read more » Raise your deductible to self-insure and get the cheapest insurance you will find. You are probably reluctant to file a home insurance claim. So why not increase your deductible? By doing so you will reduce your premium and improve your cash flow. Only insure for the losses you can’t self-insure for. Determine what [...] Read more » |
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