Category: Mortgage

How to retire happily on less than $1 million

The theory behind that goes something like this: A $1 million nest egg can generate around $40,000 per year in inflation-adjusted income. That combined with the typical retiree’s Social Security payment of $1,360 per month brings that retiree’s income to around $56,320 per year, which is right around the median household income.

China-U.S. M&A: It’s a one-way street

While politicians, courts and the media scrutinize every detail in the fight over immigration, another, less-discussed migration is underway: the migration of ownership of American businesses overseas — many to cash-rich China. In recent years, the Chinese have regarded America as one big yard sale, snatching up distressed companies and anything else that gives the world’s second-largest economy a leg up on U.S. technology at bargain-basement prices.

Getting and Spending

William Wordsworth is a great English poet, but one poem he wrote irritates me. It’s the sonnet that begins: The world is too much with us; late and soon, / Getting and spending, we lay waste our powers.

Treasury pick Steve Mnuchin: Sorry about foreclosures

Actor and director horrified and PETA calls for boycott of A Dog’s Purpose after behind the scenes footage caught animal ‘abuse’ on camera Bushes on the mend! Barbara is feeling ‘1,000%’ better after her treatment for bronchitis and doctors are looking to move her husband George H.W. out of the ICU Obama’s final hours in the White House: Only a skeleton staff continues to work in the West Wing as the outgoing President’s schedule has been cleared to pack and have one last lunch with Joe Biden Trump’s Treasury nominee says SORRY to people who were foreclosed by the bank he bought – and comes under fire over $100m real estate he did not disclose Steve Mnuchin says sorry over actions of OneWest after he and group of partners bought and ran sub-prime lender in wake of 2008 financial crisis He told Senate Finance Committee when he was quizzed about foreclosures that he had tried to minimize … (more)

Tax Advocate: Use tax breaks you’re entitled to

… Revenue code to you, yourself,” she said. “If you’re an employee, you might be benefiting from employer-provided health insurance or tax-deferred retirement savings,” she said. “If you own a home, you may be benefiting from the deduction of mortgage …

3 Facts About Mortgages Every Retiree Should Know

Many of those nearing retirement hope that they’ll be able to have their mortgage paid off by the time they retire. Yet nearly one in three of those who are age 65 or older have mortgage debt outstanding, according to figures from the Consumer Financial Protection Bureau.

Populism, real and phony

… Trump’s Cabinet choices show which way the wind is blowing. Both his pick as budget director and his choice to head Health and Human Services want to dismantle the Affordable Care Act and privatize Medicare. His choice as labor secretary is a …

Populism, real and phony

… Trump’s Cabinet choices show which way the wind is blowing. Both his pick as budget director and his choice to head Health and Human Services want to dismantle the Affordable Care Act and privatize Medicare. His choice as labor secretary is a …

Home buyer plan short-term gain for long-term pain

Premier Christy Clark’s home-buyers plan is short-term gain for the B.C. Liberal Party and long-term pain for both those who borrow money from the government, taxpayers and the entire B.C. housing market . But for Clark this is all about getting re-elected next May. Who cares if some first-time home buyers can’t make their mortgage payments and lose their houses down the road? What’s it to her if housing prices go up for everyone because the B.C. government plan will reduce already limited supply? As flimflams go, this one is impressively slippery and a lucrative Christmas present to the B.C. Liberals’ biggest donors the real estate industry .

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… can do about those costs. Healthcare costs for the average over-65 household is $5,756 per year, including $3,900 for health insurance and another $672 for drugs. If your costs are higher, make sure to adjust your spending projection upward. If …