By Mallory Edens

House flipping sounds simple — and it can be! You buy a property that needs work. You complete the work at a good price and sell the house for an amount more than the original purchase price plus the cost of renovations. However, misconceptions about this type of endeavor stop some seniors from trying it. Learning the reality of flipping can help you understand how you can make a…

By Mallory Edens

A recession can inspire dread in most people in Lake Mary, FL. It’s difficult to prepare for such a worst-case situation. During a recession, you hope you can survive — but you can choose to thrive by following a few tips.

Manage Your Household Budget

One step to help you thrive during a recession is budgeting. Track your income and spending habits while ensuring everyone in the household understands the motivation…

By Mallory Edens

Finding your forever home in your golden years might seem like it’s an impossibility now that you’re older and more set in your ways. Nonetheless, it is still a possibility if you’re willing to keep an open mind about it. Today, Retirement Estate Advisors & Professionals has some tips and resources to help you get started.

Find Your Dream Home

Finding your dream home when you’ve just gotten married is, undoubtedly, the next…

By Mallory Edens

Many seniors own and run their own businesses in retirement. In a way, if you are doing what you love, are you really retired? Most small businesses are actually owned by those 55 or older, called encore entrepreneurs.

According to SCORE, a nonprofit organization of over 10,000 small business mentors funded by grants from the U.S. Small Business Administration (SBA), “even though 21% of the U.S. population is over age…

By Mary Shannon

Individuals often move after retiring. Perhaps they were forced to relocate for work and now want to return to their hometown to be closer to family or travel to a place with a warmer climate, less congestion, or more privacy. Many downsize to a smaller house or go to a place with a lower cost of living to account for a smaller income as part of their retirement plan.

If you are among…

Strategies for Managing Lifestyle Inflation

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

More money means more spending power.

When a promotion at work or a lucrative investment puts more money in your pocket, you’re naturally inclined to treat yourself. But are you still finding the right balance between spending and saving for the future?

Keep these guidelines in mind if you want to keep lifestyle inflation under control.

Recognizing the Trend

Lifestyle inflation is…

Estate Planning in 2021 and Beyond

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

The new administration has proposed tax changes that could affect estate planning for the wealthy.

While these proposals may not pass, they offer an important reminder. No matter what, it’s important to remain alert to how the tax code can affect investments and the assets we want our families to inherit.

And while it’s hard to act in the…

Taking a Closer Look at Cryptocurrency

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

What do you know about cryptocurrency? Though it’s a hot topic much discussed by some investors, this relatively new digital currency remains potentially confusing.

Gain a clearer understanding of Bitcoin and other types of cryptocurrency with these frequently asked questions.

What is cryptocurrency?

Cryptocurrency, often shortened to just “crypto,” is a type of unregulated virtual currency. It works with the…

How can high earners save for retirement?

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

How much do you earn each year? The answer to that question can affect how you approach saving for retirement.

If you earn above a certain amount, you cannot make direct contributions to a Roth IRA, for example.

Are you wondering about the retirement savings options for high earners? Here are a few details to keep in mind.

What to Know About Custodial Accounts

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

Are you wondering about different ways to invest in your family’s future?

A custodial account can help you give your children (or another young family member, like a niece, nephew or grandchild) financial support for their college education.

How Custodial Accounts Work

A custodial account is a type of savings account that allows adults to control funds on behalf of…