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…

Are Series I Bonds Right for Retirees?

From: retirement.tips

There have been lots of headlines lately about how investing in Series I savings bonds, which offer an initial interest rate of 9.62% through October 2022, can help investors keep up with the current red-hot inflation rate. 

If you’re approaching (or in) retirement, however, are these bonds as good an investment as they are for younger investors? Let’s break…

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…

‘I’m Done With Crypto’: Voyager Bankruptcy Rocks True Believers

From: www.fa-mag.com

Crypto investors are known for their devotion, but their confidence is cracking as the latest company collapse rattles the industry.

News that customers of bankrupt broker Voyager Digital Ltd. likely won’t get all their money back has struck a new kind of fear into those already whipsawed by the sector’s swift declines.

Crypto traders often shrug off steep losses, arguing they’re holding…

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…

Mortgage Mistakes That Cost You Thousands

From: homeguideplan.com

It’s no secret that getting a home mortgage loan can be expensive. But many people don’t realize that just because you’re approved for a loan that isn’t the best deal out there. Several mortgage mistakes can cost you thousands of dollars over the life of your loan. This article finds many common mortgage mistakes and how to avoid them. It also provides tips…

New Bill Would Allow Rollovers From 529 Plans to Roth IRAs

From: www.thinkadvisor.com

The College Savings Recovery Act would allow rollovers of unused education savings without a tax penalty.

Sens. Richard Burr, R-N.C., and Bob Casey, D-Penn., have introduced the College Savings Recovery Act, legislation to allow for special rollovers to Roth IRAs from long-term qualified tuition programs without a penalty.

The College Savings Recovery Act, introduced Tuesday, was originally included as part…

Do you have over $100,000? Watch this video, and receive your free Safety First Strategy Assessment.

8 Ways to Reduce Taxes in Retirement

From: www.retirementplanning.net

Whether you are inching closer to your retirement or have a long time to go before you retire, paying attention to retirement planning is important if you want to secure your golden years of life. If you save a good chunk of your income in retirement and investment accounts, you have already won half the battle. However, to make it successfully to…