The National Council on Aging, a leading nonprofit, has a good page on their website with important questions about reverse mortgages. These questions include "What’s the difference between a reverse mortgage and a regular home equity loan?" and "Aren’t reverse mortgages just scams that give money to big banks?" (no).
They...
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Shred Day in Stoughton Saturday 6/15 @ South Shore Bank
Get rid of those old financial docs. More info here.
I Want to Give My Children More Than $13,000 Per Year but Then Something-or-Other Happens with My Taxes.
Yes and no. As with many areas where money and law intersect, it all depends on your goal. Let's clear up a few things.
1. What is the $13,000 rule anyway? You can give up to $13,000 per person, anyone, not just your family, per year, without paying any gift taxes and without this affecting...
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Take Care of that IRA Rollover – Quick!
Financial institutions mess up the details all the time (no, I’m not talking about when they invest in derivatives, destroy the company, ask the rest of us to bail them out, and then pay their CEOs record salaries). I’m talking about the simple stuff. When you decide to move your retirement funds...
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