As mortgage rates rise, I am commonly asked, “Has business slowed down?” While business has NOT slowed down, it does beg the question, “What impact does higher interest rates have on buying behaviors?” Let’s examine this for a few minutes. In 2003, a nationally recognized articled explained the top five reasons for refinancing were the … Continue reading Mortgage Rates and Buying Behaviors
If you look at property tax rates by state across the country and delve even more deeply into rates by individual county in each state, you might be surprised at what you find. First, the National Association of Home Builders research, looking at property tax rates across the United States, found property tax rates differ … Continue reading Property Taxes – a general overview of the what, why, and how.
The first quarter of the year is an ideal opportunity for savers, investors, homeowners, etc. to implement some minor money moves that could result in a major savings (short term and long term). Below are 10 key items to consider: #1: Think about increasing your monthly workplace retirement plan contributions or maxing out your IRA(s) … Continue reading 2018 Planning #3: Savings Ideas
Continuing my theme of financial planning recommendations, this week we’ll examine one of the new tax provisions specific to business entertainment. I will also break down the debate between choosing a fixed-rate mortgage versus an adjustable-rate mortgage. Business Entertainment Deductions- As I have mentioned in the past, the recent tax reform is nothing simple. … Continue reading 2018 Planning #2: Business Entertainment Deductions, FRM vs ARM
Live below your means- How much do you save per month? Generations ago, Americans routinely saved 10% or more of what they made, either depositing those savings or investing them. This kind of thriftiness is still found elsewhere in the world. Today, the average euro area household saves more than 12% of its earnings, … Continue reading 2018 Planning #1: Saving, Investing, and Home Equity