It’s not as well-known as Halloween, but National Retirement Security week happens every October — the third week, to be precise — and while it doesn’t involve ghosts and goblins, it does deal with something even more frightening: the risk of not being able to enjoy a...
Have you ever seen a classified ad for a used car that reads, “Take over payments?” When it comes to houses, the same thing might be possible. An assumable mortgage is what is sounds like — a mortgage that’s assumed by someone else other than the original mortgage...
We all make mistakes in many areas of life. These mistakes are usually fairly harmless — we took a wrong turn while driving, used the wrong ingredients in a recipe and so on. But sometimes, our mistakes can be costly — especially those connected to investing. Here are...
By Jason Schadler As the seasons change and the leaves begin to fall, you may think about getting rid of old items that have fallen out of use. Or you may want to give your home a more festive look in advance of Halloween and holiday parties by clearing out clutter. A...
Home inspections are an invaluable part of the home-buying process when you’re making a decision on one of the biggest investments in your life. Your real estate agent can tell you things like how a house is priced in relation to “comps” (comparable properties)...
If you’ve invested in an IRA for many decades, it may well turn into a key source of income for your retirement. Still, you might not deplete your IRA in your lifetime, especially if you also have a pension or a 401(k) and other investment income. So, if your IRA...
With the last heatwave of summer behind us, the arrival of fall is a good time to start thinking about winterizing your home. This is especially important if you are a snowbird who’ll be spending the colder months elsewhere. A good place to start is by cleaning out...
You’ll find some big differences between traditional and speculative investments — and knowing these differences can matter a great deal when you’re trying to reach your financial goals. To begin with, let’s look at the basic types of traditional and speculative...
Your kids have moved out, and your home is just yours. Now what? For many people, being a parent is an integral part of their identity. You might find yourself wondering what to do with yourself now. You might feel sad or depressed. A child moving out is a loss of...
Benjamin Franklin once said, “If you fail to plan, you are planning to fail.” But as you chart your financial course, what steps should you take to help you keep moving forward to where you want to go? Consider these suggestions: • Establish and quantify your goals....
If you own a business, you’ve always got a lot on your mind. But no matter how busy you are today, you need to think about tomorrow. Specifically, you’ll want to create an exit strategy for the day you want to move on from your business to a new phase in your life. To...
There’s good news for prospective home buyers hoping for competitive mortgage rates — the most recent Fannie Mae forecast predicts rates will drop toward the end of 2023. In May of this year, a typical 30-year fixed-rate mortgage had an interest rate of about 6.4%...
If you save and invest for decades, you’d like to know you can retire without financial worries. Nonetheless, you still have to be aware of some threats to a comfortable retirement — and how to respond to them. These threats include: Inflation – Inflation has been...
To help achieve your financial goals, you may need to invest in the financial markets throughout your life. However, at times your investment expectations may differ from actual returns, triggering a variety of emotions. So, what are reasonable expectations to have...
Home loan interest rates now average around 6.25 percent — making home financing prohibitively expensive for many aspiring homeowners. If you’re a veteran or current service member, or eligible surviving spouse, it’s a good time to see if you qualify to take advantage...
Your own decisions and actions typically determine your financial strategies. But outside events can affect your choices, too. And that may be the case with the recent passage of the SECURE 2.0 Act. This piece of legislation covers many areas. But here are some...
There aren’t many drawbacks to having a high income — but being unable to invest in a Roth IRA might be one of them. Are there strategies that allow high-income earners to contribute to this valuable retirement account? Before we delve into that question, let’s...
In 2021, we saw a great increase in the Metrowest Boston home sale prices — up 26.5 percent in some towns. In spring 2022, while some buyers were hoping for a recession and for prices to decline, other buyers were out buying at full force and taking advantage of low...
We all want to stay healthy and live independently throughout our retirement years. Unfortunately, that won’t be possible for some of us, so it’s a good idea to be prepared for health-related challenges — such as the need for long-term care. As you may know, long-term...
By Christopher Stevenson Edward Jones Financial Advisor As you know, 2021 was full of challenges. We were still feeling the effects of the COVID-19 pandemic when supply chains shut down and inflation heated up. So, if you’re like many people, you might not be sorry to...
