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October 2018
Reverse Mortgages Today
The original reverse mortgage started out as a creative instrument with noble intentions. As with all innovations however, the market saw an opportunity to make money and quickly created offerinngs that were sadly lacking in Federal scrutiny.
Today's instruments exist in a far more regulated environment and should offer homeowners more protection.
Individuals who are unwilling or unable to sell their home and need additional income during retirement may benefit from a reverse mortgage. Payments received on a reverse mortgage are not taxable to the individual. Here are some features of this financial planning tool.
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September 2018
Kinds of IRAs and Prohibited Transactions
You can open different kinds of IRAs with a variety of organizations. You can open an IRA at a bank or other financial institution or with a mutual fund or life insurance company. You can also open an IRA through your stockbroker. Any IRA must meet Internal Revenue Code requirements, which are listed below for various arrangements.
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February 2018
Masochism on a Grand Scale
Why does our dear Uncle Sam keep shooting himself in the foot? He may be a member of the NRA, but the erratic behavior of the last several months will put him in the emergency ward if he continues. Unfortunately the apprentices are in charge of his care at the moment and the real doctors won’t arrive until November. Even then, remedies will take some time to heal the self-inflicted wounds.
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January 2018
The Annual Routine
Every year you go through the same routine and you promise yourself to start much earlier next year. Cereli hopes to make the task a little easier starting this year. Just register at cereli.com, a process that requires filling out four items. After that you will have your own password protected environment in which you can use a Tax Organizer to enter pertinent information. You can also upload or download tax files in the same safe area. Tip: Look for the green padlock symbol at the top of your browser in the address field. This is confirmation that you are in a secure site.
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December 2017
In To The Mist
In November of 2016 the following were some of the observations of this author after the election results, in terms of a Trump administration. As the reader may recall the market favored a Clinton presidency over a Trump administration in the months leading up to the elections.