Archive | Finances

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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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17531167 - irs card on desck with tax files

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

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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Insurance Home House Live Car Protection Protect People Concepts

WHY IS MORTGAGE INSURANCE A GOOD THING?

Dennis Smith: Author, Chef, Financier; Co-Owner/Broker at Stratis Financial, Huntington Beach; MLO Student Question of the Week Why is mortgage insurance a good thing? Answer Last week in the Weekly Rate & Mortgage Update we discussed if home buyers should wait until they have 20% for down payment before purchasing (you can read the WR&MU, […]

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I WAS WRONG

Social Security Of course, many people would say, that does not surprise us. But this error concerns Social Security payments. Compounded or Not Compounded An author in the LA Times, Ms. Weston, had made a statement that the Social Security payment goes up 8% a year for the years between 66 and 70. She said […]

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Time to Check Unclaimed Money Again

Every Year, I Post A Link Concerning The Vast Amounts Of Unclaimed Money With The State Of California Every year, I get an email from someone who took less than a minute to enter their name or name of relatives, friends, etc. They will tell me that they found some money for someone dear to […]

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hand holding paper piggy bank and house shape new house buy concept

Self-Directed IRA’s And Real Estate

Is It Possible To Purchase Rental Real Estate In A Self-Directed IRA?  Yes. Is it difficult or time-consuming to form your own Self-Directed IRA for purchasing Real Estate?  No, contact any professional provider. Is it simple to handle purchasing Real Estate in a Self-Directed IRA?  Definitely not. There are many complexities and you will need […]

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businessman standing in front of a blackboard trying to decide whether to buy or to sell

Make Buying And Selling Home Easier

Many Articles Are Written About How Real Estate Agents Should Treat Clients Be positive, alert, answer phone calls and return electronic messages at once, be available, etc. Jaymi Naciri wrote an article from the other directions. “10 Things To Never Say To A Real Estate Agent.” Buyers And Sellers, You Might Say, “Why Do I […]

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