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Ten years ago we bought a house that I hate and now I'm paying the price. Been retired 2 years. This house, and the area offer no/little privacy or easy access to nature. Both of those things are bigg...
Do you want to own your own home, but find the idea of saving for it overwhelming? Well, you're not alone. For most people, buying a home will be the biggest financial decision of their lives, so it m...
Last week The FI Couple, a real estate investing duo, sent out this tweet highlighting the growth in their rental income since 2018: However, when pressed about how much they make net of costs, they s...
July 20, 2023 — Just about everyone knows that not having a will is a really bad idea. But still, about 60% of Americans either don’t have one or have no estate planning. But almost as bad...
The dream of owning a home has become more elusive than ever. Over the past decade, U.S. house prices have increased by nearly 4.7% per year above the rate of inflation while the median household inco...
By Anonymous One of our long time Members and his wife visited Embrey Mill recently. We thank him for sharing his observations on the visit! May 1, 2023 — We’ve been in our present home for ab...
April 3, 2023 — The new Topretirements website will launch on April 3. We are aiming for much greater simplicity in our page design and navigation throughout the site. For example, the Home page...
Today, we are answering more of your real estate questions. We discuss if it is a good idea to have your rental properties in an LLC, if you can claim a loss on US taxes for an international property,...
Many Canadian homeowners have wondered if mortgage interest is tax deductible. Chances are, they’ve heard that their neighbours to the south can claim their mortgage interest (it’s true). ...
By Dr. James M. Dahle, WCI Founder The House of Medicine is a surprisingly stable place. Over the years, the highest-paying specialties—like neurosurgery, plastics, and orthopedics—have be...
Contrary to what you might expect, using precatory language such as ‘I wish’ or ‘I hope’ can play an important part in three estate planning objectives....
Buying a home is likely to be the biggest financial decision you will ever make. As a result, such a decision requires careful consideration of your financial situation, personal life, and the state o...
I just turned 67 and claimed my SS benefit when I reached my FRA, last year. My wife, who turns 66 this next week, was mostly a stay at home mom but did teach for a few years. Upon her turning 62, she...
Cleaning out your estate and related planning "attic" can simplify your planning, identify steps and improvements, save professional fees and taxes....
By Dr. Zachary Zemore, Guest Writer Being only a few years out of residency, I am deeply immersed in the accumulation phase of my financial journey. Like many readers, I have read all the old White Co...
During the estate administration process, it is easy to see where the decedent veered off course. Often the fix was inexpensive and could have saved their heirs lots of money in legal fees....
I’ll bet you’ve never seen a title like that on a blog before. Allow me to explain. I’ve been pretty busy lately. The Project House is almost ready to become a furnished rental: I&rs...
Since Portugal's Golden Visa has come to an end, I was thinking of retiring there instead. My question is it possible to buy residential real estate using my retirement fund (e.g., 401k, IRA, etc.)? W...
[Editor's Note: The vast majority of the world’s millionaires have created wealth by investing in real estate. The White Coat Investor wants to show you how that’s possible for you. That&r...
My dad is retired now and he and my mom would like to move to be closer to my family. They have a nice house that is paid off that they will be selling, it’s in a pretty desirable area, so we ar...
Along with crocus and pussy willows signs of spring include more home buyers. Consequently, as a seller I’m preparing to put my house on the market. I can’t afford to build the new house w...
I stay off of extension ladders and I no longer clean our gutters (two story house). submitted by /u/Scott-A-Gese[visit reddit] [comments]...
Written on a for dummies level submitted by /u/Huge_Prompt_2056[visit reddit] [comments]...
I'm still working but on the verge of retirement. In an effort to eliminate monthly expenses, I'm eying my 401k, which is sitting at a 450k balance to pay off my first and only home loan. It has a sim...
It was suggested to me that I look into becoming a real estate professional for tax purposes. From what I've read, this is a special designation on tax returns if the tax payer performs more than 750 ...
Decide now what you want to do with the family home after you are gone — and then write it down and update as necessary...
This decision isn’t easy, thanks to investment, tax and other considerations. Let’s explore the implications of each....
The Corporate Transparency Act will affect many people and require reporting of entities that form the foundation of many estate plans....
Which asset bubble was the greatest in history? Was it the flower that once sold for the price of a house? Or the magic internet money that went up 10x in a little over a year? Or was it something els...
https://i.imgur.com/LOunOwh.png submitted by /u/fudgebacker[visit reddit] [comments]...
Planning to retire within 5 years. I live in an LA-area house that’s fully paid off. Looking to downsize then by buying a cheaper and smaller house, perhaps in southern OC or SD, and one in PHX....
February 23, 2023 — One of the hottest acronyms in the real estate world is ADU, which stands for Accessory Dwelling Unit. Demographic shifts from Covid, exploding real estate prices, and a shor...
Buying real estate with someone other than a spouse can be a costly mistake. A cohabitation agreement will make it easier if the relationship goes south....
Should you work with an attorney to write your will, or can you do it yourself? That depends on a number of things, including where you live....
By Dr. James M. Dahle, WCI Founder Anyone who has been around the physician financial blogosphere has probably heard someone cite the “one house, one spouse” rule of thumb. In 2015, I expa...
My main goal* was to build an investment and cash portfolio of$1,120,000* ($1,000,000 to retire on and $120,000 to pay off the house) in1500 days**, starting from 1/1/2013 and ending in February of 20...
My job is not terribly difficult. I work from home, my hours are flexible, I can take time off pretty much whenever i want (but I don't get paid). I don't get paid hourly, or salaried, I am paid per t...
Can't seem to find any meaningful work. My body just can't handle stuff I'm good at (type of work I'm doing now) and I've found that absolutely nobody wants to hire an old guy as a software developer....
By T.J. Porter, WCI Contributor A home is a major investment, and unless you have hundreds of thousands of dollars socked away, you’ll likely need to get a mortgage if you want to buy one. Many ...
A mortgage broker helps homeowners by researching loans and negotiating with lenders. Here is a closer look at eight of the top reasons to work with a broker to obtain a mortgage. 1. Save Time and Ene...
I thought about buying a house or condo in Miami or Fort Lauderdale Florida but this subreddit convinced me that I should try renting a room for a month or two in the winter. Thanks. I might save a bu...
5 years from retirement; are there any towns with a vibrant nightlife, moderately priced housing market (and land?) that is also tax friendly for a military retirement? I currently live in Visalia, CA...
I get invites for a free dinner to listen to lawyers tell me how to protect my wealth on the reg. Is anything gained from attending these other than the meal and being scared into paying a lawyer a lo...
Recently, we compared two similar private real estate funds from Trion and 37th Parallel. We’ll continue in that tradition today ... Read more...
Most of the better continuing care retirement communities in my area have an up-front, six digit, mostly refundable buy-in. It’s often close to the value of housing in the area for the upper mid...
Soliciting ideas/strategies for what I should do with ~$500K profit from home sale. I’m about to retire and I don’t plan to buy a new home for at least two years; we’re going to trav...
I’m looking for a free retirement calculator that does a good job with real estate investments. They are different than regular investments when it comes to retirement, because they have an expe...
My wife and I live in north nj, one of the most affluent suburbs in the US. We live in a 120 year old stone house on about .5 acres but surrounded by a park on 2 sides and some woods from an office bu...
In any investment, there is risk involved. Without risk, there wouldn’t be possible returns. Real estate can be viewed as ... Read more...
Staying home wasn’t a law anywhere in the U.S. but the vast majority of us obeyed the directive and hunkered down, waiting for better guidance about what we were facing. That was three years ago...