The government offers a choice of withdrawing all your IRA savings or receiving smaller payments after age 70 1/2. Q: When I retired a few years ago, I moved my 401(k) into an IRA. Now that I am 70, I got a letter stating that I need to make withdrawals from the account, and giving [...]
How to transfer home ownership to a family member. Before transferring home ownership to a family member, talk with an estate planner and real estate attorney to determine the costs and savings. Q: My brother and I own a home together. We are both on the loan as well as the deed. We originally lived in [...]
Transfer property with LLC using a quitclaim deed. A property transfer with an LLC is not always the best solution for transferring inherited property. Property transfers with LLCs are better-suited for estate planning and would cause problems for most mortgage lenders. Q: My wife and I really enjoy your radio show. My mother passed away [...]
How to avoid a foreclosure on a rental property: instead of letting a rental property go into foreclosure, attempt to refinance your mortgage or try a short sale. Q: My husband and I are contemplating allowing our rental property to go into foreclosure and desperately need your advice. When we married in 2010, we had [...]
The 2012 Presidential election is coming, but can either candidate help us avoid falling off a fiscal cliff? Will we fall into Great Recession Part 2? And as usual, providing personal finance advice, real estate advice and consumer advice on the Ilyce Glink Show on September 30, 2012 at 12:00 Eastern Time on WSB Radio. [...]
Ilyce Glink show notes from her September 30, 2012 show on WSB Radio predict Great Recession Part 2. Recession is coming. I know I've been saying this to you, but I can tell from your emails that some of you aren't listening. For some of you, it's 2007, and everyone is buying stuff - houses, [...]
Creating vision is the key to your success in investment and the housing market. Are you renting a home? Facing foreclosure? You need a roadmap to get you where you need to go. And as usual, providing personal finance advice, real estate advice and consumer advice on the Ilyce Glink Show on September 23, 2012 [...]
The stock market rises again. What does this mean for homeowners and the housing market? Can this growth continue in the face of persistent unemployment and other economic ills? And as usual, providing personal finance advice, real estate advice and consumer advice on the Ilyce Glink Show on September 16, 2012 at 12:00 Eastern Time [...]
A divorced couple should sign a promissory note for the full amount owed. If one ex won't sign, that partner should quit claim the interest. Q: I have heard you speak many times on WGN radio and last year you were kind enough to respond to an email question regarding foreclosures. Here is another true [...]
The government cannot "steal" an investor's 401k and brokerage account assets in order to pay off debt. These are investment misconceptions. Q: On Ilyce’s radio show this past week, she took a call from someone who asked what worries her about the economy. She talked about the upcoming presidential election, among other issues like the [...]
