Archive | Finances

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REQUIRED MANDATORY DISTRIBUTIONS

Bottom Line from AARP RMDs due for 2020 are waived, but you can take them if you need the funds or to take advantage of the tax planning opportunities opened for this year. Also, there has been a change in starting age from 70.5 to 72.  For more information see https://www.aarp.org/money/investing/info-2020/cares-act-retiree-tax-benefit.html.

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Test Your Knowledge of Real Estate

Questions Can a person without a real estate license sign on a broker’s trust fund?According to DRE which is a more serious violation in a trust fund? Conversion or Commingling?Many people have paid off their California houses. What percentage do you think have mortgages on their homes now?A person leases a furnished apartment for one […]

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business man pointing to transparent board with text: reverse mortgages

FINANCIAL ASSESSMENT FOR RM’S IS WORKING

Acquiring Date In its fifth year, FHA’s policy of requiring the financial assessment of the borrower’s ability to pay has cut tax and insurance defaults by over three quarters and serious defaults by over two-thirds. This article by New View Advisors quotes Ginnie Mae data, they state, “We grade Financial Assessment’s performance as a solid […]

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VOCABULARY WEEK: Article #4

Disintermediation: “This is the relatively sudden withdrawal of substantial sums of money from savings and loans, banks, etc.” It could be an interesting number to watch in the coming months. Disintermediation occurs when inflation rates are high and bank interest rates are stagnant. The depositors believe that they can get better returns by investing in […]

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FOR RESEARCH #2; Internal Revenue Service

Outstanding Source of Material – The Internal Revenue Service This URL should be in your special group; irs.gov. I use it all the time. In the recent past I have visited the site for information on Equity Sharing, Mandatory Distribution of IRA’s, Standard Deduction, 1031 Exchange, 2018 Changes, Tax Rates, Passive Losses, Residence Gain Exclusion, […]

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CFPB HAS DONE SOMETHING FOR YOU AND YOURS

Many People In Real Estate And Banking Have Extremely Poor Views Of The Consumer Financial Protection Bureau Too expensive, too regulatory, waste of taxpayer money. As most of you know, it was a product of the Dodd Frank Act. However, they have recently produced some great source materials for everyone, especially for young people starting […]

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