Mortgage rates are rising. But there’s still time to refinance your mortgage if you haven’t done so already, according to Dana Anspach, CFP®, RMA®, president and founder of Sensible Money. How might you go about deciding whether to refinance and which mortgage to choose? At Sensible Money, the process starts with establishing your goals. Are you trying to maximize your current cash flow with the refinance, or become debt-free faster, or maximize your long-term wealth?
Financial considerations are often a focus of marketing campaigns, and those considerations are addressed even more now, during the COVID-19 pandemic, as personal economics are taking a hit for many Americans. While most ads today seem to be targeted to the 18-49 demographic, Boomers are the essential target for most ads regarding reverse mortgages as an instrument to consider when planning financial security, or to pay off debt, lower monthly payments or a variety of other uses.
Hidden away atop a hill in Bel Air sits the world’s largest home. Surrounded on three sides by a moat, this record-breaking, modern-day castle floats above the city, overlooking Los Angeles.
The hilltop home, appropriately titled “The One,” makes its mark as the most expensive home in the United States, listed at the current asking price of $340 million. According to Architectural Digest, the recently-completed 105,000-square-foot property, includes 42 bathrooms, 21 bedrooms and a 5,500-square-foot master
Back in October 2018, St. Pete Rising broke the news about an 11-story Marriott Tribute hotel that was to be built in the EDGE District at the corner of 11th Street and 1st Avenue North.
The 135-key hotel was proposed by Michigan-based DevMar Development, whose first residential project in St. Pete, Vantage, began move-in’s in May 2020. DevMar Development closed on the hotel site in January 2020 for $3 million. But unfortunately, due to COVID-19, hotel financing has all but dried up. As a result, DevMar ha
Can a homeowners association have too much cash in reserves?
A: Your question is interesting, because we haven’t encountered too many homeowners associations with reserves that are too high. We usually hear about HOAs that have no reserves or too little in the way of cash on hand. When something goes wrong or whenever there is a need for additional funds that are outside of the annual budget, these associations are quick to levy special assessments on their owners.
Investors looking to bolster their income portfolios have long looked to dividend-friendly real estate investment trusts (REITs) to get the job done. But recently, the appeal of high-yield REITs has intensified, thanks to changes to conventional investing wisdom.
For more than a quarter century, the “4% rule” governed many investors’ withdrawals from retirement savings. According to this rule, investors would have sufficient funds in their portfolio to last a lifetime if no more than 4% was withdrawn from the portfolio in year one of retirement, with the withdrawal rate in subsequent years increasing only as much as needed to keep pace with inflation. Dividend investors, then, could comply with the 4% rule and never need to touch their principal by building a portfolio that yields 4%.