The Ins and Outs of Homeowner’s Insurance

One of the things people rarely pay much attention to when they buy a property, is whether they have adequate dwelling hazard and liability insurance, otherwise known as homeowner’s insurance. Getting a policy is easy and almost always obtained when someone closes escrow on their home or rental property. But is it the right type and amount of insurance? Read more

Your Real Estate Choices Today Will Matter Later

Decades from now when you retire, you are going to take a look at your income and assets to see if you will be living a comfortable retirement. One big portion of your retirement picture will probably relate to real estate. You may have paid off a home, and/or rental properties; and that would be great! Or you may still be paying a fairly large amount on your home mortgage or paying rent each month to a landlord.

Obviously, the scenario where you are still paying monthly for your housing is not an optimal scenario. Luckily, you can do a lot to increase the chances that the real estate you own will have been a net wealth builder over your lifetime. You do this by educating yourself and reducing the risk on real estate you buy and own. It is the real estate choices you make decades before you retire that will probably will be the difference between a comfortable retirement or living on social security to social security check (Note: We all know that Social Security may not be around a few decades from now). Read more

Should I buy or rent?

NEW YORK (CNNMoney) — For the last three years, my husband and I have been renting a house. But I would rather buy than throw my money away on rent. Still, even though we have about $120,000 in savings, great credit and no debt, my husband is reluctant. The job he’s had the past two years took 15 months to find, and it pays a lot less than his previous job. He’s afraid buying now isn’t a good idea because of the shaky economy. What do you think: Should we buy or continue renting? — Jean J.

First things first, I want to dispel the belief that you are throwing money away on rent.

Ultimate Guide to Retirement

Getting started
401(k)s & company plans
Investing
Annuities
IRAs
Self-employment plans
Pensions and benefit plans
Social Security
Insurance
Estate planning
Living in retirement
Getting help

This is a self-serving notion real estate agents often spout that not only isn’t true, but isn’t a basis for making a rational decision when it comes to buying versus renting. Read more