How raising the prime rate makes mortgage rates go down
I have talked about this before but I think it is worth revisiting after our talk last week about the prime rate. The Federal Reserve raised the Fed Funds rate (often confused with the prime rate) by 0.75% this week.to 1.75% it was 0.25% a year ago. The highest...
When Adult Children Are a Drain on Your Finances
A client was referred to me by her financial advisor because he noticed that she was short on cash several times a year, and was having to liquidate her IRA to make up the shortage. The client is a retired school administrator, with a good retirement pension. Because...
What To Do When Your Landlord Sells Your Home
Imagine, you live in a home as a renter for 32 years. You are told that if the landlords ever decide to sell the home, they will sell it to you. So you spend time fixing it up, doing upgrades, living as if the home was indeed yours. Then you get an eviction notice....
Quote of the Week
When times get tough, I think about what can never be taken away from me: my education, the stories of my past, my memories of friendship, and so on. As we begin this great New Year, my wish for you is that you too will learn, experience, and value the beautiful...