Archive for News
Are Real Estate Investments Good for Your Retirement Portfolio?
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Houses are going for such good prices these days, and interest rates are so low. Maybe it’s time to invest in residential real estate to provide extra money during your retirement years
Before you invest, it’s important to determine a reasonable estimate of the property’s income potential. For property that is already being leased, it’s easy enough to request documents that will show how much the property earns, how much it costs to maintain, and whether or not it has a history of being occupied consistently.
For new homes, you may have to dig a little deeper to determine supply and demand of rental housing in the area, as well as the going lease rate for homes of similar size, location and amenities. A licensed real estate agent who Read More→
Retire to Richmond, Virginia’s Haywood Village
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You’ve worked hard your whole life and now deserve a pleasant, luxurious place to retire. If you’re looking in the Richmond area, consider Haywood Village in Charter Colony. Developed by Boone Homes, a Richmond new homes builder, this community offers spectacular amenities in a phenomenal location, and now has a reduced price. These homes previously sold in the high $400,000s and are now priced at an affordable $399,950.
Currently, two homes are available. The first features a traditional brick front, gourmet kitchen, hardwood floors and a large backyard. The other features a designer kitchen, landscaped yard, ceramic tile shower in the owner’s suite and Arts and Crafts elevation. Read More→
Downsizing: Should it Stay or Should it Go?
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Most people in the market for a home to enjoy during their retirement years are hoping to downsize. That means there probably won’t be room to keep those bankers boxes stacked in the attic – those you’ve moved five times already because they’re crammed with bank statements and you think you should keep them “just in case.”
The Equifax Personal Finance blog offers advice on what to file and what to throw away (after shredding, of course). Written by tax expert Eva Rosenberg, “Tax Paperwork: What Can You Toss and What Can You Keep?” does what the Equifax Personal Finance blog authors do best: provides commonsense guidance.
Found a tax return from 1965? Keep it and all other returns. Papers from your first car loan – the 1967 Mustang Read More→
Jim Chapman Communities Gears Up
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Jim Chapman Communities, one of Atlanta’s premier Active Adult builders, is gearing up to add 14 homes this month. Construction is already underway in three of its communities.Financing Your Retirement Home by Firing Your Broker?
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For 50-Plussers, the last few years have been a roller coaster in terms of retirement savings – too often on the downward slope of things, unfortunately. And while the downward slopes are the most fun on a real roller coaster, they’re the scariest when you’re counting on your investments to fund your retirement.
There’s been a lot of talk, and a good deal of controversy, about reverse mortgages. While the government-backed loans, which pay seniors cash based on the equity in their homes, have proven sound in certain situations, they are not available for houses above certain values ($625,500 in 2009). For these homeowners, proprietary – or privately held – reverse mortgages can provide higher loan amounts but come with higher costs.
What’s someone in his or her 50s – too young for a reverse mortgage and hoping never to need one – to do? A thousand financial advisors probably have a thousand answers to that question. But one answer emerged recently on the Equifax Personal Finance blog and it merits a second look. It’s called “A Rescue Plan for Your Retirement Portfolio.”
The advice was posted by Dan Solin, author of The Smartest Retirement Book You’ll Ever Read” and two more “The Smartest…” titles on 401ks and investments. And while the startling advice seems a little daunting, it comes with plain and simple instructions. Solin shares facts that demonstrate this approach will earn you more money in the long run. He doesn’t say so explicitly, but it stands to reason that making more money on your investments will make buying that retirement home much easier when the time comes.