Archive - October 12, 2012

1
Short Sale vs Foreclosure
2
Retirement Spoiler: When Things Don’t Go As Planned
3
Retirement Planning: Will Your 401(k) Be Enough?
4
Understanding Your Credit Score

Short Sale vs Foreclosure

An increasing number of homeowners owe more on their mortgage than their property is worth. If the borrower doesn’t want to continue making payments, he could explore executing a short sale of the property, or foreclosing on their loan. Ingrid Case provided some great information on these options in this month’s Financial Planning Magazine. I’ve summarized her thoughts below.

A short sale enables a property owner to sell their home at market value, and the bank forgives whatever part of the loan isn’t covered by the proceeds of the sale. Some experts believe a bank will not begin discussing a …

Read More

Retirement Spoiler: When Things Don’t Go As Planned

Have you  heard the Yiddish proverb: “Man plans, and God laughs”?  Have some of your best laid plans gone awry? Consider these 2 conflicting headlines in the financial press that say it all when it comes to retirement planning:  “Working Longer Greatly Improves Retirement Readiness” (Financial Advisor Magazine 10/4/12) vs. “Half of Retirees Leave the Workforce Earlier than Expected” (BenefitsPro.com 9/27/12).

To summarize, nearly 2/3 of Boomers have the best of intentions by planning to work during their retirement years (viz.,do additional work in their 60s and beyond -  after they officially retire) BUT half of workers leave the workforce …

Read More

Retirement Planning: Will Your 401(k) Be Enough?

There is a perception among some people that retirement planning and investments are only for those who are very wealthy and this couldn’t be further from the truth. While you might not want to put a lot of money into investing if you can barely make ends meet, you do not have to be among the mega-rich to invest money. If your retirement planning consists of relying solely on a 401(k) from your employer, you may want to think about other streams of retirement income and a Fee-Only financial advisor can help.

In “Fee Disclosure Won’t Fix Your 401(k)

Read More

Understanding Your Credit Score

Your credit score, a number that rates your creditworthiness, can open or close financial doors. Lenders of all kinds use it to determine whether to lend you money and, if so, whether to give you the most favorable rates. You typically need at least a decent credit score of 700 or higher to qualify for credit card offers.

The calculations that determine credit scores, however, are complex, factoring in a range of different ways you’ve dealt with your finances in the past. But by understanding what actions factor into your credit score, you can take some steps to improve it.…

Read More

Copyright 2014 FiGuide.com   About Us   Contact Us   Our Advisors       Login