Author - Richard T. Feight, CFP®

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3 Ways To Reduce Living Expenses
2
Rent Or Buy?
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HECM Reverse Mortgages
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Organize Your Finances – Cash Flow
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Should You Be Chasing Dividends?

3 Ways To Reduce Living Expenses

There are many ways to fund your retirement goal. When the economy and stock market are not cooperating, another approach might be to lower how much you need to live off of. Here are a few things that you can lower your expenses:

Keep your housing costs low. According to a Joint Center for Housing Studies at Harvard University, 36% of all American households (both homeowners and renters) spend at least 30% of their pre-tax income on housing costs. You can lower your housing costs by paying off your mortgage faster. For ways to pay off your mortgage faster than …

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Rent Or Buy?

A recent Bloomberg article, Recession Generation Opts to Rent Not Buy Houses to Cars, illustrates how different generations manage their finances based on their economic experience. The article makes the case that the Great Recession may have hampered Gen Xers and Gen Yers chance for building wealth. The article states:

For those who choose to rent not buy, there’s a price to pay, said Lubell of the Center for Housing Policy. By foregoing purchases of assets like homes, young people are giving up on a chance to build wealth, he said.

“What you are seeing is a delay in all

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HECM Reverse Mortgages

Up until now I have always shied away from Reverse Mortgages. They were simply too expensive! With the collapse of the the real estate market and the volatility of the stock market, retirees and financial planners have been scrambling to figure out a way to preserve portfolios. Now there is another alternative: FHA’s Home Equity Conversion Mortgage Program, or HECM for short.

HECM providers allow seniors access to their equity at a more reasonable rate than previous reverse mortgage providers. According to the website:

"A lender can charge a loan origination fee of up to $2,500 if the home’s appraised

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Organize Your Finances – Cash Flow

Many of us of us struggle to keep up. Often times finances are the last thing on our minds until there is a problem with them. This is part of a series of articles written to help you Organize Your Finances.

The first step in organizing your finances is to determine what it is you’d like to accomplish. You can read about Setting Goals andKeeping Goals on previous posts. After your goals are set, you need to take a good look at your cash flow so that you can figure the steps necessary to fund your goals. I suggest …

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Should You Be Chasing Dividends?

Dividend investing is all the rage. See my response to a client’s question on whether to consider switching to a dividend income philosophy below.

Hi Rich – I have been listening to the talking heads on CNBC the last few weeks during the market volatility and most seem to think that the smart move is to buy stocks that have a history of paying good dividends….. The ETF SPDR S&P Dividend, (SPY) seems like a good move…. I would like to hear your opinion on this and any other moves we might consider taking…..the current yield on this ETF is

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