Could you retire to another country?

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My wife and I were first made aware of the “expat life” when we had a family member move to the Lake Chapala region in Mexico – what is one of the most popular destinations for American and Canadian retirees that have decided that financially they can live a better life somewhere other than the United States.  Our family member(s) have now lived there for over 10+ years and have absolutely no reservations concerning their move there.  They have made ... Continue Reading →
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It’s time to review your 2016 IRA contribution limits for 2016

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As I have mentioned several times before you should be meeting with and/or at minimum teleconferencing both your accountant and financial advisor prior to the end of each calendar year to strategize about your retirement to make sure that; 1) you are in the right retirement plan and 2) that you have fully funded it – primarily based upon your individual specifics, i.e. workplace retirement plan and AGI/MAGI (Adjusted Gross Income & Modified Gross Income) limits (to be explained later), ... Continue Reading →
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Is a reverse mortgage right for you…for retirees worried about running out of money it might be the smart thing to do.

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If you are starting to seriously think about retirement, as both my wife Melanie and I are, and meeting with your financial advisor on at minimum a semi-annual basis to fine tune and review your custom-tailored retirement plan, part of that discussion should be the Reverse Mortgage Refinance, if you plan to retire in the home you currently live in or a Reverse Mortgage Purchase, if you plan on selling your existing home and buying a retirement property somewhere. Reverse Mortgage ... Continue Reading →
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What are the principal types of life insurance?

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There are two major types of life insurance—term and whole life. Whole life is sometimes called permanent life insurance, and it encompasses several subcategories, including traditional whole life, universal life, variable life and variable universal life.  Life insurance products for groups are different from life insurance sold to individuals. The information below focuses on life insurance sold to individuals.  Historically Term Life insurance policies issued are close to 40% while whole life or a variation make up the reaming 60% ... Continue Reading →
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How to Properly Negotiate a Request for Repairs (CAR-RR) While In Escrow

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Most potential buyers believe the toughest part of purchasing a home is negotiating the purchase price (offers, counter offers, etc.) and other terms associated with purchase contract (CAR-RPA) (COE date, Seller paid closing costs, Home Warranty, Escrow/Title, etc.). By that point, buyers tend to think that the fight is over and the rest of the escrow period should be “smooth sailing” the close of escrow. The reality, though, is that the fight has just begun.  The knock out round starts right ... Continue Reading →
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POST “CLOSE-OF-ESCROW” MORTEM DEPRESSION HOW TO AVOID IT

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You’ve just gotten your keys to your new dream home, you’ve moved in, and then XXXX hit’s the fan.  The water heater blows up; the air conditioning stops working on the hottest day of the year; the roof leaks in the first rain in months; there’s an invasion of ants bigger than the mass exodus from Egypt. Here are some things you can do to avoid a costly post-closing catastrophe.
  1. Look at the listing language.Some properties are listed for sale ...
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