So, you have heard of Reverse Mortgages, but do you really understand what they are and how they can be helpful? Like most things – you hear good and bad comments about them. A reverse mortgage is unlike a purchase money mortgage or a refinance mortgage. So, what’s the difference? When someone buys real estate, […]
You may have encountered being asked if you wanted “backup withholding” when doing certain financial transactions. So, what is it? Backup withholding is when, during a financial transaction, there is a withholding of income taxes – federal or state – from the proceeds of the transaction. These withholdings are credited to the taxpayer’s tax account(s). […]
October through December of each year is the open enrollment period for Medicare. Many people aged 65 and older are on auto-pilot and just continue with the plans they have in place without regard for investigating if there are other options that could be more beneficial. First of all, Medicare is available when you attain […]
As we are quickly approaching the end of the year, it is important to determine if you have taken your required minimum distribution from retirement-type assets. For a financial institution to do the calculation, process the request for the distribution and send out the distribution, bear in mind that you are not the only person […]
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