With grocery stores advertising good deals, it's just one sign of retailers helping consumers. A recent study released by the Center for Housing Policy compared housing affordability against how much people earn. The study found that while the home prices have declined, many people still cannot afford to buy on their incomes. And in contrast to other states, Florida has become less affordable.
With interest rates so low you may be thinking about refinancing your mortgage loan. But what should you do with the money you'll save each month? Should you invest it for retirement? How much of a difference will a few hundred dollars per month make when saving for retirement? Do you want to still be paying a mortgage when you're retired?
When you receive an inheritance, you may be wondering how it will be taxed. The amount of taxes you pay depends on the total amount of the estate: if it's less than $3,500,000 then you won't have to pay federal estate tax. Inheritance taxes also depend on the structure of the assets; investments held outside of a retirement account, for example, aren't taxed until you sell them. Learn how having property in a trust may help you to avoid probate.
When you decide to start your own travel agency, or any other business, you'll want to determine what kind of corporate structure to use and why. Attorneys and accountants can advise on the pros and cons of setting up a limited liability company (LLC) or incorporation. Both an LLC and a corporation can protect assets from creditors from a legal perspective. Accountants may advise you to choose an LLC or corporation for specific tax reasons.
Real estate attorney Sam Tamkin responds to a reader who is upset by hearing about [taxpayer dollars being used to help people stay in their homes.](h...
First-time unemployment claims rose for the week ending May 9, the Department of Labor reported today. An estimated 637,000 people filed for unemploym...
By now you should have heard about the $8,000 federal tax credit for first time home buyers, including those who haven't owned a home in the last thre...
If you're a fan of the Ilyce Glink Show on WSB Radio, you will want to check out the [podcasts from Ilyce Glink's Makeover Your Money Event.](http://w...
Clearly, the foreclosure numbers for April, 2009 are horrifying. There are so many people who are receiving foreclosure notices or who are turning ove...
For the week ending May 8, the number of mortgage applications filed fell by 8.6 percent from a week earlier, reported the Mortgage Bankers Associatio...
