We haven’t seen high interest rates in many years, but high interest rates do not remove the potential benefits of having a mortgage.
Many financial writers get the answer to this question wrong.
In this video we are going to compute the first mortgage payment of the 30-year loan used in the article “How to Help Your Children Purchase a Home.”
Avoiding PMI, if possible, is better for your long-term finances. Here are three strategies to avoid PMI.
Even if the world was ending, I still want to have a mortgage.
Avoiding PMI, if possible, is better for your long term finances. This 2016 article shares three strategies to avoid it.
If you are a responsible saver, keeping the liquidity in your pocket until the bill deadline expands your options for both growth and savings.
Avoiding PMI, if possible, is better for your long-term finances. Here are three strategies to avoid PMI.
PMI does not provide you, the borrower, any protection.
If you prefer to keep your down payment money invested in the markets for longer, there are two alternatives.
Why would you want to use valuable dollars today when you can use cheaper dollars over the next three decades?
Most Americans have a home mortgage. The rich often have two.
This should not produce a hand-wringing vacillation between the two answers.
Some say don’t make extra payments, take the tax deduction. Others say you need to be debt free.
Although the lender almost always wins, a reverse mortgage does offer a Band-Aid solution to pending cash flow problems.
The party’s over for home owners who sought the lower initial payments of ARMs.
We have attempted in this article to provide generic guidance on the topic of calculating your own safe spending rate.
Estate planning is a task which is never useful until it is too late to do it.
Converting early can avoid your exposure to tax changes going forward as a Roth IRA is never taxed again.
A savings waterfall helps investors navigate the financial complexity available to them.
Knowing the difference between these categories helps you to use them appropriately.
These grants are called “K-12 Learning Acceleration Grants” and must be used to pay for “qualifying education services.”
I have difficultly imagining a likely outcome where I would regret a Roth conversion.
While there can be a lot of uncertainty, the conclusion is normally anticlimactic.
On Tuesday, December 13, 2022, David John Marotta appeared on Radio 1070 WINA’s Schilling Show with Rob Schilling to talk about the causes of inflation.
A savings waterfall is a tool to help investors prioritize savings goals and allocate funds appropriately.
This year, Charles Schwab will be retiring the outdated PNC Bank ABA routing number, 031000053, that was issued for Schwab One accounts that activated the “Payment Features” on the account prior to March 2012.
Inflation is like the rain. You must prepare in advance in order to stay dry.
In this podcast, I discuss my recent article “Account Funding Priorities for 2022” and describe a savings waterfall for 2022. The idea is when new money flows your way, which one of these buckets is it going to land in?
Which account you should fund depends on your circumstances. However, there are some general guidelines you can follow to make your decision.
In this video we are going to compute the first mortgage payment of the 5-year loan used in the article “How to Help Your Children Purchase a Home.”
To help you get a good financial start as parents, here’s a financial checklist for new parents.
The cost of a second home is large. Large enough that it can ruin your retirement plan.
On December 19, 2020, David John Marotta appeared on Radio 1070 WINA’s Real Estate Matters with host Michael Guthrie.
Which account you should fund depends on your circumstances. However, there are some general guidelines you can follow to make your decision.
Here are some options for helping your child purchase their first home.
Individual sectors of the economy have reacted very differently to the pandemic.
On Tuesday, February 11, 2020, David John Marotta appeared on Radio 1070 WINA’s Schilling Show to take a closer look at the calls for free college education in the socialist utopia.
On November 16, 2019, David John Marotta appeared on “Real Estate Matters” with Michael Guthrie.
Already the COVID-19 predictions have started to come in. Do not be deceived by them. Do not be afraid of them.
Market returns are out of your control. These thirteen actions are in your control.
“After all this savings, I have about $3,000 per month left to save somewhere. Where should I save it?”
With these moderate interest rates, the only clearly wrong decision in my view is buying a car on loan because you cannot afford it outright.
Here are some of the best practices to protect your identity.
Here is a strategy that can both help you identify what you value and help you start your budget.
This is the financial shock of a major home repair. It is expensive and surprising.
Many of us are anxious about paying our bills on time, but using payment aids like Schwab Bill Pay can help alleviate some of that anxiety.
“If you claimed the standard deduction on your federal income tax return, you must also claim the standard deduction on your Virginia return.”
It is hard to prioritize saving, but it pays off. Here is how.
You are allowed to deduct “up to 20 percent of their combined qualified real estate investment trust (REIT) dividends,” and this deduction is unlimited. So it begs the question: Is there a way I can deduct my normal real estate income?