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The U.S. House of Representatives will soon consider the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019, introduced by House Ways and Means chairman Richard Neal (D-MA) and cosponsored by a bipartisan cohort. The Senate Finance Committee has introduced a similar bill, the Retirement Enhancement and Savings Act of 2019, but has…
Read MoreHome Equity is a subject in the news a lot right now, as rates continue to hover near all-time lows and your home value skyrockets. There is currently over $10 Trillion in equity on mortgaged properties, with as much as $6 Trillion in “tappable” equity. Tappable equity is the total amount of equity that a…
Read MoreWith less than a month remaining in the legislative session, some Connecticut lawmakers want to go bold, eliminating the income tax for many taxpayers and replacing it with a new payroll tax. And while it has the support of some key legislators, many important details have yet to be worked out. The proposal seems straightforward…
Read MoreFinancing your manufactured home Is it hard to get a mortgage for a mobile or manufactured home? No, but it is different. Loans for manufactured homes come from Fannie Mae and Freddie Mac, two agencies that write the rules for conforming mortgages. FHA loans, plus financing from USDA and VA, are other avenues to finance a…
Read MoreHow to refinance without an appraisal Appraisals are expensive and can put your refinance at risk if the appraiser gives you a low value. The best option: skip the appraisal entirely. Fortunately, that possibility is becoming more likely by the day, as agencies like Fannie Mae and Freddie Mac loosen refinance rules. And, government programs…
Read MoreWhat’s driving current mortgage rates? Average mortgage rates edged down yesterday, as we predicted. That puts them back to where they were on Monday evening: adjacent to their lowest level in a month. Many commentators would urge you to take your gains and lock your rate right away. Because today has the potential to be…
Read MoreIt looks like the religious retreat aboard the Freewinds, the Church of Scientology owned cruise ship, will continue for a while longer. Docked and in quarantine at its home port of Curacao since leaving the port of St. Lucia last week. Passengers and crew onboard the Freewinds are still under quarantine following a diagnosed case…
Read MoreIf you think choosing the fiber content on your garment is the only time to consider its impact on the environment, think again. More than 700,000 microscopic fibers could be released into wastewater during each use of a home washing machine. Those plastic fibers are finding their way into our drinking water around the world! …
Read MoreFor those of us who seem to continuously fall, trip, twist an ankle, or get run over by large dogs, and regularly end up with an ankle or foot injury; it seems kind of ridiculous to go to a sports injury clinic, yet this specialty area of the orthopedic field of medicine deals with much…
Read MorePass-through businesses are the dominant business structure in America. Pass throughs file more tax returns and report more business income than C corporations. Pass-through businesses are not subject to the corporate income tax, but instead report their income on the individual income tax returns of owners. This blog will address some frequently asked questions about…
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